Business Services Industry
Intel Cancels Project In Israel.(Brief Article)
Israel Business Today, December, 2000
In a usual development Intel surprised the high tech industry by announcing its cancellation of an integrated graphics processor chip that the company has been developing at its Haifa research department in Israel. A team of 100 Israeli engineers had been working on this project. Intel assured these employees that they have no cause for concern about continuing with the company and would be employed in other development projects directed at bringing new Intel products to market.
The chip was intended for the internet and telecommunications market and the slowdown in these markets is seen as the determining factor in the company's decision to end the project. Intel has been experiencing declining sales for its products, and there are widespread fears that American...
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