No Result
View All Result
  • Login
Tuesday, July 14, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Jensen Huang: Israel has become Nvidia’s second home

by theadvisertimes.com
7 months ago
in Business
Reading Time: 3 mins read
A A
0
Jensen Huang: Israel has become Nvidia’s second home
Share on FacebookShare on TwitterShare on LInkedIn


Nvidia has confirmed “Globes” report that it has chosen the Israel Land Authority (ILA) area in Kiryat Tivon to build its huge campus that will accommodate up to 10,000 employees. According to the illustration published by the US chip giant, this will be a large campus inspired by the design of the company’s new iconic headquarters in Santa Clara. When built it will be surrounded by commercial areas and restaurants with investment in parks and green spaces.

The campus will accommodate a higher number of employees than industry executives initially estimated – 10,000 – double the number of the company’s employees in Israel today. If Nvidia does not close existing offices, the company could have at least 15,000 employees in Israel in about a decade. If all goes to plan, Nvidia will become the largest private employer in the country, assuming that revenue continues to grow at the current rate. It is estimated that Nvidia will invest several billion dollars over the next few years in the new site.

Nvidia will purchase 90 dunams (22.5 acres) of land and the campus will cover 160,000 square meters of buildings. Construction will begin in 2027, and initial occupancy is planned for 2031.

According to the company’s announcement, “The campus will offer an innovative work environment and advanced services: parks, visitor centers, cafes and restaurants. Alongside these, it will also include labs and collaborative spaces that will foster collaboration and innovation within Nvidia, and together with startups and partners in the broader ecosystem, supporting Nvidia’s growth in the country.”

Nvidia CEO and founder Jensen Huang said, “Israel is home to some of the world’s most brilliant technologists and has become Nvidia’s second home. Our new campus will be a place where our teams can collaborate, invent, and build the future of AI. This investment reflects our deep and enduring commitment to our families in Israel and their unique contributions to the AI era.”

The architect of the deal is a Kiryat Tivon resident himself, Amit Krig, who serves as Senior Vice President of Software Engineering at Nvidia and Israel site leader. Krieg attended numerous meetings with the ILA, the Planning Administration, and Israel Electric Corp. (IEC) and has overseen the process from the request for information to the signing of the deal with the authorities.

He says, “Nvidia’s growth in Israel has been remarkable, driven by the extraordinary talent and engineering excellence of our teams. We’re grateful to Jensen and Nvidia’s leadership for their trust and support in this next phase of growth, and to the Ministry of Finance and the ILA for their partnership. We look forward to bringing this vision to life and continuing to build the future of AI.”





RELATED ARTICLES




Nvidia to pay NIS 90m for Kiryat Tivon site


Nvidia in talks with Mega Or to build huge data center


Nvidia to collaborate with Sheba on genome hidden codes


Nvidia campus could transform Kiryat Tivon






Head of the Kiryat Tivon regional council Ido Greenblum, who has brought Nvidia to his city and doubled the amount of local authority taxes for businesses, despite a 50% discount given to the company, has remained silent throughout the process. Now, he says, “This is a transformative project for the council and for the entire northern region. We are committed to leveraging this partnership to drive new opportunities, economic growth, and global innovation, while helping to build a vibrant and sustainable technology ecosystem in the area. We are confident that Nvidia’s choice of this region will prove to be the right one, and we thank the company for its trust.”

As revealed by “Globes,” Nvidia will pay a discounted amount of NIS 90 million for 90 dunams (22.5 acres) of land owned by the ILA and will pay about NIS 7.5 million a year in taxes to the local council, after a 50% discount. However, this is a major boost to the north, with thousands of employees expected to move to the towns and villages in the area – Tivon and surrounding locations like Ramat Yishai, Yokneam, Haifa, Nesher and Kiryat Ata. At the same time, it will put a strain on the existing infrastructure in the area, which includes one railway station about 5 kilometers from the site, Kfar Yehoshua, Road 6 and the Sha’ar Ha’emakim Interchange. Nvidia is expected to consume a very high capacity of electricity, which will require the construction of dedicated power stations and substations.

Kiryat Tivon won the tender after a four-month race, beating out a hundred local authorities that offered huge discounts and benefits to Nvidia, including Nesher, Kiryat Ata, Haifa and Megiddo. According to estimates, its victory was due to its proximity to Road 6, proximity to a high-voltage line.

Published by Globes, Israel business news – en.globes.co.il – on December 18, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: HomeHuangIsraelJensenNVIDIAs
ShareTweetShare
Previous Post

Gold, silver ease as investors book profits

Next Post

8 signs you have a beautiful soul (even if you don’t feel special)

Related Posts

Mitsubishi takes over .5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

Mitsubishi takes over $7.5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

by theadvisertimes.com
July 14, 2026
0

Mitsubishi officially became one of the largest natural gas producers in the U.S. on Wednesday, following a $7.5 billion deal...

NYS Gov. Hochul’s data center moratorium includes a new model for funding AI infrastructure 

NYS Gov. Hochul’s data center moratorium includes a new model for funding AI infrastructure 

by theadvisertimes.com
July 14, 2026
0

New York became the first state to enact a statewide moratorium on hyperscale data centers, halting any new development until...

US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

by theadvisertimes.com
July 14, 2026
0

S&P 500 and the Nasdaq advanced on Tuesday as solid big bank results and a cooler-than-expected inflation report boosted risk...

Pelephone signs MOU for acquisition of Wecom

Pelephone signs MOU for acquisition of Wecom

by theadvisertimes.com
July 14, 2026
0

The Bezeq group has announced that its Pelephone mobile telephony unit has signed a non-binding memorandum of understanding to...

Goldman Sachs Saves the Dow From IBM’s Worst Day in 39 Years

Goldman Sachs Saves the Dow From IBM’s Worst Day in 39 Years

by theadvisertimes.com
July 14, 2026
0

Monday's market pain flipped into some modest Tuesday gains. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index rose 0.9% by 12:05 p.m....

Tower Semiconductor set for major expansion in Japan

Tower Semiconductor set for major expansion in Japan

by theadvisertimes.com
July 14, 2026
0

Tower Semiconductor (TASE: TSEM; Nasdaq: TSEM) has announced a program of strategic expansion of its factory in Japan, and...

Next Post
8 signs you have a beautiful soul (even if you don’t feel special)

8 signs you have a beautiful soul (even if you don't feel special)

Meesho shares rally 8%, double from IPO price in just 7 sessions. What’s driving the surge?

Meesho shares rally 8%, double from IPO price in just 7 sessions. What’s driving the surge?

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
Prime Day, June 2026: How Retailers Competed With Amazon

Prime Day, June 2026: How Retailers Competed With Amazon

June 29, 2026
Mitsubishi takes over .5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

Mitsubishi takes over $7.5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

0
How Long Is an IPO Lock-Up Period, and What Should You Do While You Wait?

How Long Is an IPO Lock-Up Period, and What Should You Do While You Wait?

0
Planned Parenthood Can Receive Federal Funding Once Again

Planned Parenthood Can Receive Federal Funding Once Again

0
SK Hynix options begin trading. But another group of stocks is stealing its thunder

SK Hynix options begin trading. But another group of stocks is stealing its thunder

0
An Austrian Perspective on Lolcows

An Austrian Perspective on Lolcows

0
NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review

NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review

0
Mitsubishi takes over .5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

Mitsubishi takes over $7.5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom

July 14, 2026
How to Check Your Social Security Earnings Record for Costly Errors

How to Check Your Social Security Earnings Record for Costly Errors

July 14, 2026
NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review

NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review

July 14, 2026
How Long Is an IPO Lock-Up Period, and What Should You Do While You Wait?

How Long Is an IPO Lock-Up Period, and What Should You Do While You Wait?

July 14, 2026
AT&T Phone Bills Are Going Up. See Why, and by How Much

AT&T Phone Bills Are Going Up. See Why, and by How Much

July 14, 2026
NYS Gov. Hochul’s data center moratorium includes a new model for funding AI infrastructure 

NYS Gov. Hochul’s data center moratorium includes a new model for funding AI infrastructure 

July 14, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Mitsubishi takes over $7.5B in U.S. natural gas fields, deepening Japanese bet on LNG and AI boom
  • How to Check Your Social Security Earnings Record for Costly Errors
  • NEAR Governance Vote To Scrap Gas Rebates Puts Developer Incentives Under Review
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.