| TEL AVIV
TEL AVIV May 22 Silicon Valley chip designer
Marvell Technology (MRVL.O) said it was to invest $200 million
in Israel to accelerate research and development of critical
communications, mobile and system-on-chip technologies.
Marvell, which supplies chips for Research in Motion's
RIM.TO Blackberrys, has two R&D centres in Israel that employ
more than 1,200 people.
"Recently, Israel has faced new, expanded international
competition," said Yossi Meyouhas, general manager of Marvell
Israel. "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
The company, which entered Israel 10 years ago with its
acquisition of Galileo, has made investments and acquisitions in
Israel totalling $3.5 billion.
Co-founder Weili Dai said Marvell developed many of its
advanced technologies in Israel, ranging from enterprise
networking and cloud service to mobile cellular capabilities.