Israel’s export of chips to China soared by 80%
According to media reports, Israel’s chip exports to China surged last year as Chinese companies increased their purchases of chips produced at Intel’s Kiryat Gat factory.
According to the latest data, Israel’s chip exports to China last year increased by 80% to $2.6 billion. According to industry sources, Intel Israel accounts for at least 80% of total chip exports.
This is good news for the Israeli government, which is working to improve relations with China. The two countries have begun to negotiate trade agreements, and it is expected that high technology will become the focus of negotiations, and chips may be included.
According to the Israel Export Association, sales of Israeli manufacturing inspection equipment to China increased by 64% last year, reaching $450 million.