Israel
Tower jumps on Nvidia partnership for ultra-fast AI networking
Tower Semiconductor’s shares rose sharply after the Israeli chipmaker revealed a new collaboration with Nvidia focused on next-generation data-center networking.
Nvidia appears close to signing an agreement to build what would be Israel’s largest tech campus, according to Yaakov Kvint, director of the Israel Land Authority, who said the deal should be signed “in the next day or two.”
8,000 jobs, one Campus: Nvidia eyes Northern Israel © Mena Today
Nvidia appears close to signing an agreement to build what would be Israel’s largest tech campus, according to Yaakov Kvint, director of the Israel Land Authority, who said the deal should be signed “in the next day or two.”
The site is planned for Kiryat Tivon, near Haifa, as the centerpiece of a new R&D campus in the north.
By the figures cited in the building plan, the project is substantial: about 160,000 square meters, designed for roughly 8,000 employees. If built at that scale, it would be a major concentration of high skilled jobs outside the Tel Aviv area.
The government’s role is central. Israel is offering a 51 percent land discount, explicitly to steer investment toward the north, which has lagged behind the center of the country economically.
This is a standard development policy, and it deserves standard scrutiny. Subsidies can create real growth, or they can become expensive symbolism.
The test will be whether the campus generates durable spillovers, suppliers, housing and infrastructure improvements, and a deeper local talent base, rather than simply relocating activity that would have happened elsewhere.
The project also fits a broader pattern. Nvidia has been expanding in Israel, including a major enlargement of its R&D presence in Be’er Sheva, and it has described Israel as its largest R&D hub outside the United States. A large northern campus would reinforce that status and make the company even more embedded in Israel’s tech ecosystem.
For Israel, the strategic significance is less about branding and more about geography and capacity. Concentrating advanced industry in a narrow coastal corridor creates vulnerabilities and bottlenecks, in housing, transportation, wages, and national resilience.
A major campus in the Haifa region is one of the few moves that could materially shift that balance.
The bottom line is straightforward. If Nvidia follows through, this is not just another office expansion. It is a large, long term commitment, shaped by Israeli incentives, that could redirect talent and investment toward the north and deepen the country’s position in high end computing and R&D.
Tower Semiconductor’s shares rose sharply after the Israeli chipmaker revealed a new collaboration with Nvidia focused on next-generation data-center networking.
Turkish state media reported on Friday that two Turkish nationals were arrested in Istanbul on suspicion of spying for Israel’s foreign intelligence service, the Mossad, a claim that could not be independently verified.
The case has sent shockwaves through Israel’s security establishment. The brother of the head of the Shin Bet has been charged with “aiding the enemy in wartime,” the public prosecutor announced on Thursday.
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