No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, July 8, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Nvidia inaugurates expanded Beersheva R&D center

by TheAdviserMagazine
15 hours ago
in Business
Reading Time: 2 mins read
A A
Nvidia inaugurates expanded Beersheva R&D center
Share on FacebookShare on TwitterShare on LInkedIn



US chip giant Nvidia today officially inaugurated its new R&D center in Beersheva, completing its move to new premises in the city. The R&D center in the Gav Yam (Bayside) High-Tech Park, covers about 3,000 square meters, three times the size of the previous center, and currently has hundreds of workstations. According to sources, the building is an investment of tens of millions of shekels, with the rent costing about NIS 2.5 million per year, on a 10-year lease. The new R&D center currently houses more than 150 employees, and the company plans to continue expanding its activities by hiring hundreds more employees in the coming years.

The site in Beersheva is Nvidia’s southernmost R&D center in Israel, alongside the company’s local headquarters in Yokneam, and centers in Tel Aviv, Ra’anana and Tel Hai on the northern border. The new R&D center is also Nvidia’s largest center in Israel’s periphery and is part of the continued expansion of the chip company’s activities in Israel.

The new center houses R&D teams that develop hardware and software technologies used in Nvidia’s AI infrastructure. The teams are working on solutions that allow the company to connect up thousands of chips and processors, to transfer data between them at high speed and to operate the data centers on which AI models are trained and run.

More than 6,000 employees in Israel

Nvidia is currently one of the largest private employers in Israel’s tech industry with over 6,000 employees in five R&D centers around the country. Since the acquisition of Mellanox in 2020, the number of employees in Israel has tripled, and the company currently has more than 450 open positions at sites across the country. The center’s inauguration ceremony was attended by Nvidia SVP and Israel site manager Amit Krig, Nvidia SVP networking chip design Tamir Azarzar, and Beersheva Mayor Ruvik Danilovich.

Krig said, “The Beersheva R&D center was founded over a decade ago out of a deep belief in local talent and the connection between academia, innovation and industry. The new site emphasizes our commitment to the technological ecosystem in the south, to strengthen young students, to continue nurturing the next generation of engineers and to develop groundbreaking technologies that place Nvidia’s activities in Israel at the heart of the AI revolution.”

Danilovich said, “The inauguration of Nvidia’s new R&D center is an extraordinary expression of trust in Beersheva, the Negev and the human capital that is growing here. The decision of one of the world’s leading tech companies to expand its activities in the city threefold and create hundreds of new jobs proves that the vision we have led for years is becoming a reality and establishes Beersheva as one of Israel’s major centers of innovation and AI.”

Published by Globes, Israel business news – en.globes.co.il – on July 7, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: BeershevaCenterExpandedinauguratesNvidia
ShareTweetShare
Previous Post

Abbott (ABT) Has a Multi-Platform Device-and-Diagnostics Engine Bigger Than the Libre Narrative

Next Post

How the Lack of Housing Affordability Harms Europe’s Citizens

Related Posts

edit post
SpaceX’s biggest bull sees valuation soaring above  trillion

SpaceX’s biggest bull sees valuation soaring above $10 trillion

by TheAdviserMagazine
July 7, 2026
0

New York: SpaceX has no shortage of fans on Wall Street, but one analyst stands out among the rest as...

edit post
Bank of America warns America now has 2 economies

Bank of America warns America now has 2 economies

by TheAdviserMagazine
July 7, 2026
0

Investors expected a much simpler economy by now. Inflation was expected to keep easing, consumers were expected to bend under...

edit post
US stocks today: S&P 500, Nasdaq end lower as AI worries hit chipmakers

US stocks today: S&P 500, Nasdaq end lower as AI worries hit chipmakers

by TheAdviserMagazine
July 7, 2026
0

The S&P 500 ended lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting...

edit post
Nearly 1 million investors in Trump’s memecoin lost a collective .8 billion as he cashed in

Nearly 1 million investors in Trump’s memecoin lost a collective $3.8 billion as he cashed in

by TheAdviserMagazine
July 7, 2026
0

President Donald Trump has raked in hundreds of millions of dollars from his signature cryptocurrency while his supporters have largely...

edit post
Presidents aren’t supposed to pick winners, per White House ethics lawyer. Trump keeps choosing Dell

Presidents aren’t supposed to pick winners, per White House ethics lawyer. Trump keeps choosing Dell

by TheAdviserMagazine
July 7, 2026
0

When President Donald Trump rang the opening bell of the stock market from the Oval Office on Monday surrounded by...

edit post
Recanati family buys control of Maccabi Tel Aviv basketball team

Recanati family buys control of Maccabi Tel Aviv basketball team

by TheAdviserMagazine
July 7, 2026
0

The Recanati family has paid $50 million to increase its stake from 29% to 58%. The Recanati...

Next Post
edit post
How the Lack of Housing Affordability Harms Europe’s Citizens

How the Lack of Housing Affordability Harms Europe's Citizens

edit post
Exit Mr. Brexit: Nigel Farage Resigns – Sort Of

Exit Mr. Brexit: Nigel Farage Resigns – Sort Of

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

New York Seniors: 6 STAR Tax Relief Rules That Could Put a Bigger Check in Your Mailbox

June 20, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
Secret Network Proposes SCRT Move From Cosmos to Arbitrum

Secret Network Proposes SCRT Move From Cosmos to Arbitrum

0
edit post
The Summer Travel Scam Retirees Should Watch Before Booking a Last-Minute Trip

The Summer Travel Scam Retirees Should Watch Before Booking a Last-Minute Trip

0
edit post
Don’t Confuse the Declaration of Independence with the Constitution

Don’t Confuse the Declaration of Independence with the Constitution

0
edit post
Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000

Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000

0
edit post
Nvidia inaugurates expanded Beersheva R&D center

Nvidia inaugurates expanded Beersheva R&D center

0
edit post
Financial services AI dangers highlighted by regulator’s review

Financial services AI dangers highlighted by regulator’s review

0
edit post
Secret Network Proposes SCRT Move From Cosmos to Arbitrum

Secret Network Proposes SCRT Move From Cosmos to Arbitrum

July 7, 2026
edit post
SpaceX’s biggest bull sees valuation soaring above  trillion

SpaceX’s biggest bull sees valuation soaring above $10 trillion

July 7, 2026
edit post
68% of clients would switch advisors for one who offers estate planning

68% of clients would switch advisors for one who offers estate planning

July 7, 2026
edit post
Kalshi traders give low odds the U.S. takes a stake in OpenAI in 2026

Kalshi traders give low odds the U.S. takes a stake in OpenAI in 2026

July 7, 2026
edit post
The “Widow Penalty” Budget: Why Expenses Don’t Always Drop After One Spouse Dies

The “Widow Penalty” Budget: Why Expenses Don’t Always Drop After One Spouse Dies

July 7, 2026
edit post
Someone Stole M From BonkDAO Without Hacking Anything

Someone Stole $21M From BonkDAO Without Hacking Anything

July 7, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Secret Network Proposes SCRT Move From Cosmos to Arbitrum
  • SpaceX’s biggest bull sees valuation soaring above $10 trillion
  • 68% of clients would switch advisors for one who offers estate planning
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.