Intel increases footprint in Israel with acquisition of Granulate
The Silicon Valley computer chip manufacturer has acquired two major Israeli tech companies this year.
Intel Corporation announced today that it has acquired Israel’s Granulate Cloud Solutions.
“Together with Intel, we believe we can help customers achieve meaningful cost reductions and five times the throughput across workloads,” said Granulate CEO Asaf Ezra in a press release.
Why it matters: Granulate is a Tel Aviv-based company that specializes in developing cloud computing software for organizations. Intel is based in Silicon Valley and is one of the biggest computer chip manufacturers in the world.
Intel has a large presence in Israel. In February, Intel acquired the Israeli circuit manufacturer Tower Semiconductor for around $5.4 billion. Intel began operations in Israel back in 1974 and has three facilities in the country.
