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Nvidia plans to boost presence in Israel with multibillion tech campus in north

30 1
yesterday

Nvidia is actively seeking land to build a massive multibillion-dollar tech campus in Israel’s north, which is expected to provide thousands of jobs in what promises to be a major expansion of the US chip giant’s operations in the country.

The computing juggernaut announced on Sunday that it had issued a so-called request for information (RFI) tender to locate a plot of land spanning 70 to 120 dunams (30 acres) with construction rights to build a campus of 80,000–180,000 square meters. Nvidia is interested in buying land with “high accessibility to main traffic arteries and public transportation” around Zichron Yaakov, Haifa, and the Jezreel Valley areas. The tech titan has hired real estate consulting firm Colliers for the search and has set July 23 as the deadline for submissions.

“It’s a very sizable investment, and to decide to locate it in Israel goes a long way and is a sign of confidence in the Israeli high-tech ecosystem,” Israel Innovation Authority CEO Dror Bin told The Times of Israel. “This declaration is mutually beneficial: Nvidia is enjoying the benefits of the local ecosystem and talent, and the ecosystem will enjoy this big investment of Nvidia because it will help Israel remain at the forefront of innovation and technology, especially in the artificial intelligence space.”

Bin added that a project of this size is slated to be one of the largest tech campuses in Israel. Its economic implications for the north of the country, he said, range from Nvidia’s level of commitment to Israel to the broader employment and suppliers needed to support the tech campus, and the........

© The Times of Israel