Chip giant Nvidia, one of the three most valuable companies in the world, announced today (Wednesday) that it will establish a huge server farm in Israel.
The farm will be built in the Mevo Carmel area. According to estimates, the company will invest more than half a billion dollars in its construction.
According to the company's announcement, the establishment of a new research, development and engineering site centered on next-generation artificial intelligence supercomputing infrastructure is part of the company's continued expansion of its activities in Israel.
The new facility, which will span 10,000 square meters with an electrical capacity of 30 megawatts, will be one of the largest data centers in Israel.
The new site will begin operating in the first half of 2025.
Amit Craig, Senior Vice President of Software Engineering and Director of NVIDIA's Research and Development Center in Israel: "Our employees are our most important resource, and we are committed to continuing to invest in them. The new research, development and engineering site will enable thousands of NVIDIA employees in Israel, and the many employees who will join down the road, to continue developing the technologies that drive artificial intelligence, the most important technological force of our time."
Nvidia is one of the largest private employers in Israel. Since the acquisition of Mellanox in 2020, the number of Nvidia employees in Israel has more than doubled, and the company continues to expand with hundreds of open positions in its offices in Yokneam, Tel Aviv, Raanana, Be'er Sheva and Tel Hai.
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