No Result
View All Result
  • Login
Monday, August 17, 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

Nvidia inaugurates expanded Beersheva R&D center

by theadvisertimes.com
1 month ago
in Business
Reading Time: 2 mins read
A A
0
Nvidia inaugurates expanded Beersheva R&D center
Share on FacebookShare on TwitterShare on LInkedIn



US chip giant Nvidia today officially inaugurated its new R&D center in Beersheva, completing its move to new premises in the city. The R&D center in the Gav Yam (Bayside) High-Tech Park, covers about 3,000 square meters, three times the size of the previous center, and currently has hundreds of workstations. According to sources, the building is an investment of tens of millions of shekels, with the rent costing about NIS 2.5 million per year, on a 10-year lease. The new R&D center currently houses more than 150 employees, and the company plans to continue expanding its activities by hiring hundreds more employees in the coming years.

The site in Beersheva is Nvidia’s southernmost R&D center in Israel, alongside the company’s local headquarters in Yokneam, and centers in Tel Aviv, Ra’anana and Tel Hai on the northern border. The new R&D center is also Nvidia’s largest center in Israel’s periphery and is part of the continued expansion of the chip company’s activities in Israel.

The new center houses R&D teams that develop hardware and software technologies used in Nvidia’s AI infrastructure. The teams are working on solutions that allow the company to connect up thousands of chips and processors, to transfer data between them at high speed and to operate the data centers on which AI models are trained and run.

More than 6,000 employees in Israel

Nvidia is currently one of the largest private employers in Israel’s tech industry with over 6,000 employees in five R&D centers around the country. Since the acquisition of Mellanox in 2020, the number of employees in Israel has tripled, and the company currently has more than 450 open positions at sites across the country. The center’s inauguration ceremony was attended by Nvidia SVP and Israel site manager Amit Krig, Nvidia SVP networking chip design Tamir Azarzar, and Beersheva Mayor Ruvik Danilovich.

Krig said, “The Beersheva R&D center was founded over a decade ago out of a deep belief in local talent and the connection between academia, innovation and industry. The new site emphasizes our commitment to the technological ecosystem in the south, to strengthen young students, to continue nurturing the next generation of engineers and to develop groundbreaking technologies that place Nvidia’s activities in Israel at the heart of the AI revolution.”

Danilovich said, “The inauguration of Nvidia’s new R&D center is an extraordinary expression of trust in Beersheva, the Negev and the human capital that is growing here. The decision of one of the world’s leading tech companies to expand its activities in the city threefold and create hundreds of new jobs proves that the vision we have led for years is becoming a reality and establishes Beersheva as one of Israel’s major centers of innovation and AI.”

Published by Globes, Israel business news – en.globes.co.il – on July 7, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: BeershevaCenterExpandedinauguratesNvidia
ShareTweetShare
Previous Post

Abbott (ABT) Has a Multi-Platform Device-and-Diagnostics Engine Bigger Than the Libre Narrative

Next Post

How the Lack of Housing Affordability Harms Europe’s Citizens

Related Posts

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

by theadvisertimes.com
August 8, 2026
0

According to average rates from the Zillow lender marketplace, mortgage rates are mixed heading into the weekend compared to Friday....

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

by theadvisertimes.com
August 8, 2026
0

Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to...

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

by theadvisertimes.com
August 8, 2026
0

The Indian stock markets closed in the red, with the newly-launched closing auction session continuing to create a divergence among...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by theadvisertimes.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by theadvisertimes.com
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

Ondo Perps hits  billion in volume weeks after launch

Ondo Perps hits $7 billion in volume weeks after launch

by theadvisertimes.com
August 7, 2026
0

Ondo Finance's derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama,...

Next Post
How the Lack of Housing Affordability Harms Europe’s Citizens

How the Lack of Housing Affordability Harms Europe's Citizens

Exit Mr. Brexit: Nigel Farage Resigns – Sort Of

Exit Mr. Brexit: Nigel Farage Resigns – Sort Of

  • Trending
  • Comments
  • Latest
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Managed accounts ramping up tax alpha services: Cerulli

Managed accounts ramping up tax alpha services: Cerulli

July 20, 2026
Free Shipping at HSN: Hot Deals on Anchor Hocking, Tupperware, plus more!

Free Shipping at HSN: Hot Deals on Anchor Hocking, Tupperware, plus more!

July 18, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 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

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • 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.