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Israeli Economy @ Pentium 4 Speed

Cory Missimore

Intel Corporation today inaugurated its latest plant in Kiryat Gat, Israel — its sixth plant to be built in Israel, the Jerusalem Post reports. The plant, which will employ 1,900 workers, is expected to produce roughly 10 million dollars of technology a day. It could even raise Israel’s growing GDP another 2%.

Two articles in the most recent issue of inFOCUS Quarterly address the Israeli economy. Debbie Buchwald, executive director for the Central Atlantic Region of the America-Israel Chamber of Commerce, examines Israel’s high-tech boom. Paula Joffe, president of JD Partners, discusses Israel’s booming economy, which has been thriving in virtually all sectors. As both articles note, Israeli high finance is on a roll.