Intel to open research institute in Israel

Intel will invest NIS 55 million in the computational intelligence research unit.

Intel Corp. (Nasdaq: INTC), the world's largest chipmaker, will invest NIS 55 million over the next five years in opening a new Israel research institute. The institute, which will cooperate with several Israeli academic institutes, will according to Intel engage in research into computational intelligence.

The new institute will begin operations in early 2012 and will be managed jointly by researchers from Intel and various academic institutes. Among other things, the institute will investigate research topics that require computerized systems and the power of analysis and understanding resembling the capabilities of the human brain.

The new institute will focus on technologies that serve as an infrastructure for intelligent thinking such as processing architectures and techniques for computerized systems that learn to process data from sensors and convert them to comprehensible information.

Intel VP and Microprocessor and Chip Development Group general manager Ron Friedman said, "We believe that sensory ability will be an integral part of future computer systems because mankind will take advantage of our systems in order to interpret received data."

Intel operates four R&D centers in Israel in Haifa, Petah Tikva, Jerusalem and Yakum, and two production fabs in Kiryat Gat and Jerusalem, which have 7,000 employees.

Published by Globes, Israel business news - www.globes-online.com - on November 14, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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