INDEX / DIRECTORY / INTEL / V-ECON

Intel V-ECON

ECONOMIC AUDIT UPDATED 2026-06-02
V-ECON Score 9.00 /10 B Intel — BDS-1000 703
V-ECON 9.00

Evidence-only forensic audit. Scoring happens downstream — see the main dossier for the composite assessment.

V-ECON Audit: Intel Corporation

V-ECON Audit: Intel Corporation — Israel Settlement Enterprise Domain

Supply Chain & Sourcing Relationships

Intel maintains documented direct supplier relationships with Israeli companies. Camtek (inspection and metrology systems), Nova (metrology solutions), and U.P.Pro (supply chain optimization) were named as Intel EPIC Supplier Award recipients in 2026 1. As part of the Fab 38 incentive deal, Intel committed to procure $16.5 billion from Israeli suppliers over the next decade 2. Seasonal sourcing patterns and third-party or indirect sourcing arrangements within this domain remain unsupported by public evidence.

Product Origin, Labeling & Regulatory Compliance

No public evidence has been identified regarding Intel products labeled as originating from West Bank, Jordan Valley, or Golan Heights settlements. No public evidence identified for labeling compliance practices or corporate labeling policies specific to product origin disclosure.

Investment, Capital & Financial Exposure

Intel has invested approximately $27 billion in Israel from 1974 to 2021 3. The company received a $3.2 billion Israeli government grant for the Fab 38 expansion, representing 12.8% of the $25 billion total investment 4. The corporate tax rate for Intel’s Israeli operations increased from 5% to 7.5% as part of the incentive package 45. Intel operates four main R&D and development centers in Israel: Haifa Development Center (hardware/software development for processors and AI), Petah Tikva Development Center (communications and AI solutions), Jerusalem Development Center (communications, software, and cybersecurity; Mobileye global headquarters), and Kiryat Gat (Fab 28 manufacturing) 36. Intel Israel Ltd. is a wholly-owned subsidiary of Intel Corporation, incorporated under Israeli law. Mobileye Global Inc. (ticker MBLY) completed an IPO on Nasdaq in October 2022, raising $779 million; Intel retained majority ownership 37. No public evidence has been identified for Intel’s direct holdings in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused investment funds held by the parent entity.

Operational Presence & Market Activity

Intel operates four main sites in Israel: Haifa, Petah Tikva, Jerusalem, and Kiryat Gat 3. The Kiryat Gat facility (Fab 28) is a wafer fabrication plant producing 10nm chips 2. Intel Israel employs approximately 9,335 employees across R&D and manufacturing, making it Israel’s largest private employer with workforce estimates ranging from 9,335 to 14,000 36. Intel’s cumulative exports from Israel total approximately $86 billion (1974-2023), representing 3.5% to 5.5% of Israel’s total exports 3. The construction of the $25 billion Fab 38 facility in Kiryat Gat was reportedly suspended in mid-2024, with contractor workforce dropping from approximately 5,500 to 2,000 workers 89105.

Corporate Structure & Foundational Ties

Intel has operated in Israel since 1974, initially with 5 employees in Haifa 3. Intel Israel Ltd. is the primary operating entity, incorporated under Israeli law, and is a wholly-owned subsidiary of Intel Corporation. Intel Corporation’s headquarters is in Santa Clara, California, USA. Intel Israel Ltd. is registered and operates in Israel. Intel received a $3.2 billion grant from the Israeli Ministry of Finance/Economy for Fab 38 expansion — the largest foreign investment in Israeli history — and the Israeli government designated the project as a national priority 4. No public evidence has been identified regarding golden shares, founder shares, or charter restrictions tying Intel to Israeli state policy objectives.

Profit Repatriation & Economic Contribution

Intel’s 10-K disclosures break out revenue by geographic region, with specific Israel-attributed revenue figures appearing in the foreign operations segment notes. No detailed public evidence has been identified regarding transfer pricing arrangements or specific profit repatriation flows from Intel Israel to the US parent. Intel’s Israeli operations represent a significant component of Israel’s technology sector, described as the country’s largest private employer, with ILS 4 million provided from the Intel Foundation for urgent humanitarian aid and ILS 4.4 million in employee matching grants to approximately 300 NGOs in 2023 36.

Additional Verified Corporate Activities

Acquisitions: Intel acquired Mobileye (autonomous driving technology) in 2017 for $15.3 billion, Habana Labs (AI processors) in 2019 for $2 billion, and Moovit (mobility-as-a-service transit app) in 2020 for $900 million 11127.

Israeli Government Incentives: Intel benefits from the Israeli Preferred Technology Enterprise (PTE) regime under the Law for Encouragement of Capital Investments, which offers a 6% corporate tax rate on qualifying income for companies with aggregate revenues of at least ILS 10 billion 13. Specific confirmation of Intel’s PTE designation status was not definitively located.

Shareholder Proposals: Intel’s 2025 proxy included Proposal 5 requesting an “Ethical Impact Assessment” of Israel operations, which ADL/JLens urged shareholders to vote against, citing BDS alignment 14. The 2026 proxy included Proposal 7 requesting a “Human Rights Due Diligence Process in Conflict-Affected and High-Risk Areas,” which JLens also opposed 15.

UN OHCHR Settlement Database & NGO Investigations

No public evidence has been identified confirming Intel, Mobileye, Habana Labs, or Moovit entries in the UN OHCHR settlement business database. No Intel-specific entries were found in the Who Profits database 1617. No Intel-specific entries were found in BankTrack’s “Don’t Buy Into Occupation” reports 16. Intel is not on the Norwegian Government Pension Fund Global exclusion list; Israeli banks (Bank Leumi, Bank Hapoalim, Mizrahi Tefahot, First International Bank of Israel) were excluded in August 2025 for unacceptable risk in conflict situations 18.

End Notes

Footnotes

  1. https://techtime.news/2026/03/29/intel-26 ↩

  2. https://www.sdxcentral.com/news/intel-to-spend-25bn-expanding-its-israel-chip-plant ↩ ↩2

  3. https://www.intel.com/content/www/us/en/corporate-responsibility/intel-in-israel.html ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  4. https://www.reuters.com/technology/intel-get-32-billion-government-grant-new-25-billion-israel-chip-plant-2023-12-26 ↩ ↩2 ↩3

  5. https://en.globes.co.il/en/article-intel-cash-problems-causing-pause-in-new-israeli-plant-1001481323 ↩ ↩2

  6. https://nocamels.com/2021/05/intel-invest-600m-mega-chip-mobileye-center-israel ↩ ↩2 ↩3

  7. https://www.forbes.com/sites/laurengensler/2017/03/13/mobileye-stock-intel-acquisition ↩ ↩2

  8. https://www.reuters.com/world/middle-east/intel-halting-25-billion-factory-expansion-israel-israeli-media-report-2024-06-10 ↩

  9. https://www.tomshardware.com/pc-components/cpus/more-intel-layoffs-are-hitting-this-time-in-israel-company-is-even-considering-dramatic-decision-to-shut-down-fab-28 ↩

  10. https://www.business-humanrights.org/en/latest-news/iopt-intel-halts-construction-of-25bn-factory-in-israel-marking-biggest-victory-yet-for-bds-campaign-amid-war-on-gaza ↩

  11. https://www.jpost.com/breaking-news/intel-acquires-israel-based-habana-labs-for-2-bln-611093 ↩

  12. https://www.nasdaq.com/press-release/intel-acquires-moovit-to-accelerate-mobileyes-mobility-as-a-service-offering-2020-05 ↩

  13. https://innovationisrael.org.il/en/investment-considerations ↩

  14. https://www.sec.gov/Archives/edgar/data/50863/000092189525001059/px14a6g14098intc_04112025.htm ↩

  15. https://www.jlensnetwork.org/jlens-urges-intel-shareholders-to-vote-against-proxy-proposal-7-at-companys-may-13th-annual-meeting ↩

  16. https://www.whoprofits.org/publications/all ↩ ↩2

  17. https://www.whoprofits.org/publications/all ↩

  18. https://www.nbim.no/en/news-and-insights/the-press/press-releases/2025/decisions-on-exclusion ↩