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QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
Israel’s sales of chips to China soar
    2019-03-21  08:53    Shenzhen Daily

ISRAEL’S exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel’s Kiryat Gat plant.

An official at the Israel Export Institute said that new data showed semiconductor exports to China jumped 80 percent last year to US$2.6 billion. An industry source said that Intel Israel accounted for at least 80 percent of those sales.

The data will be welcome news for the Israeli government as it pushes for deeper ties with China and because semiconductors accounted for US$3.9 billion in overall goods exports in 2018, according to the institute, a government agency.

The two countries have started negotiating a trade deal and technology is expected to be a major part of the discussions. Overall exports of Israeli goods to China, excluding diamonds, rose 50 percent to US$4.7 billion, statistics.

Intel announced a US$5 billion investment to expand capacity in its Kiryat Gat plant in southern Israel in 2017, which makes some of the smallest and fastest chips in the world.

That year it also bought Israeli auto-focused chip firm Mobileye for US$15 billion. It said this year it would invest US$11 billion in a new Israeli plant.

A spokesman for Intel said the firm exported US$3.9 billion in goods from Israel last year, up from US$3.6 billion in 2017. He declined to give further details of Intel’s operations in Israel.

Chinese officials have said they are looking to develop a domestic chip market because Chinese companies import US$270 billion in semiconductors each year. Israel has a reputation for exporting high-end chips.

Israel’s export institute also said sales to China of inspection equipment for semiconductor manufacturing jumped 64 percent to US$450 million last year.

That equipment is used to control and inspect manufacturing processes in semiconductor plants and is useful for China as its domestic chip manufacturing increases.

Firms in Israel making such equipment include Orbotech, which was just acquired by fellow semiconductor equipment maker KLA-Tencor of California for about US$3.4 billion.

That deal was announced a year ago but was held up by Chinese regulators, who only gave their approval in February.

China is now Israel’s second-largest export market for goods after the United States, having overtaken Britain last year.

Sales of semiconductors to the United States slipped 20 percent to US$860 million, contributing to a 3 percent drop in goods exports. But at US$10.9 billion, overall goods exports still dwarf those to China. (SD-Agencies)

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