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NVIDIA intends to invest billions of dollars in the development of a massive tech park in northern Israel, anticipating the creation of numerous job opportunities. The company has embarked on a land acquisition process, targeting parcels ranging from 80,000 to 180,000 square meters, and has engaged a real estate consulting firm to aid in selecting the optimal site. This initiative represents a substantial investment in Israel's thriving high-tech sector, particularly within the realm of artificial intelligence. Recent years have seen NVIDIA deepen its roots in the country through the acquisition of Mellanox, and this expansion coincides with the company's market valuation soaring to an impressive $4 trillion. Conversely, rival Intel is undergoing global layoffs, including hundreds of employees in Israel.
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