The Industry Development Group
Enable new or improved technologies for Intel and the semiconductor industry by fusion of Intel's leadership & resources with Israeli and European technological innovation
The Industry development Group formerly known as the “Best Efforts” was first established to make the best effort in developing the local High Tech Industry. Intel through its industry development group is committed to do its best efforts in supporting Israelis’ suppliers in different technological and business aspects, enabling companies to develop and sell their products to Intel and other parties, encouragingforeign investment in the Israeli market and substituting import and development of local suppliers in other industries and manufacturing areas.
Since 2006 total Intel’s reciprocal procurement of equipment, technologies and services in Israel reached over 3.5 Billion US Dollars. Total Indirect reciprocal procurement, third Party sales of products developed by companies with Intel’ support, reach over 650 Million US Dollars.Intel’s Total contribution to the Israeli Industry reaches 4 Billion Us Dollars.
The Industry Development Group main activities: Local supply chain development for Intel includes cooperation, investment and purchase from the local market.
Development and qualification of new suppliers in Israel.
Purchasing Goods, Services & Technologies from Israeli Suppliers, qualified for Intel.
Sales of Israeli companies to 3rd parties of joint development products.
Investments in equity, M&A's local content and foreign capital attraction (Intel and Foreign).
Education and community relations.
Ways of Action: The Industry Development Group operates as the crossroads between Intel Technology Manufacturing Group (TMG) and the Israeli high-tech industry, enabling Israeli based high-tech companies who are interested in conducting business and cooperating with Intel worldwide to receive local support together with international technological and business assistance. The Group seeks to collaborate with hi-tech companies in the aim of assisting them to enhance their competitiveness in the development of innovative and/or missing technologies in the global market that supports future Intel products and technology roadmap.
The methodology used to support hi-tech companies/suppliers in Israeli and European markets is followed.