Fabless semiconductor company Marvell Technology has said it will invest $200m in its research and development (R&D) centres in Israel.
The company hopes to speed-up R&D of critical communications, mobile and system-on-chip technologies, reported Reuters.
Founded in 1995, Marvell Technology Group Ltd. has operations across the world and around 5,700 people work for the group.
Marvell’s US operating subsidiary is based in Santa Clara, California and Marvell has international design centres located in the US, Europe, Israel, India, Singapore and China.
Marvell ships over one billion chips a year. Its clients include Samsung, Research In Motion, Dell, Huawei, Sony and Fujitsu.
In Israel, Marvell has two R&D centres that employ more than 1,200 people. The company entered Israel 10 years ago with its acquisition of Galileo. Since then, Marvell has made investments and acquisitions in Israel totalling $3.5bn.
Marvell Israel general manager said Yossi Meyouhas said, "Recently, Israel has faced new, expanded international competition."
"While these new challenges are essential in stimulating global progress in technology, it is critical that organisations invest to ensure Israel remains a recognised leader in R&D and technology innovation."
