At a press conference Sunday, Intel-Israel declared that since 2006 the company has contributed over $4.1 billion to Israel's economy. An official added that during the course of 2011, Intel recruited over 700 employees.
Incoming President of Intel-Israel Mooly Eden noted that "Intel's center in Israel is highly important for global company's operations."
Regarding the negotiations for a new research and development center in Israel, Eden said: "A decision has yet to be made regarding the company's future investments and expansion in Israel."
Eden's appointment initially called into question the position of Intel-Israel's General Manager Maxine Fassberg.
When asked why Intel Israel needed both a President and a GM, Eden replied that the "decision came following Intel's recognition of Israel's importance as an R&D center."