Nvidia to pay NIS 90m for Kiryat Tivon web site
The deal underneath which Nvidia will assemble a analysis and improvement campus at Kiryat Tivon (fifteen kilometers south-east of Haifa) will probably be signed within the subsequent few days, in accordance with sources within the trade. “Globes” has realized that Nvidia can pay NIS 90 million earlier than VAT plus infrastructure improvement bills for the primary a part of the land, which extends over 90 dunams (22.5 acres).
Final week, the administration of Nvidia Israel visited firm headquarters in Santa Clara and met CEO Jensen Huang. In the midst of the go to there was additionally a shifting assembly between Huang and Israeli worker Avinatan Or, who survived two years in Hamas captivity. Amit Krieg, senior VP and head of Nvidia’s R&D heart in Israel, was within the Israeli group, and it’s believed that plans for the Kiryat Tivon campus had been mentioned.
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Approval for the campus on the Kiryat Tivon web site has been obtained from the Israel Land Authority, Minister of Protection Israel Katz, whose approval was required as a result of it was a case of state land being acquired by an abroad entity, the director of the Planning Administration, the administrators of the Ministry of Development and Housing and the Ministry of Transport, and Israel Electrical Company, which can help within the provision of a excessive rigidity cable for the server farm that will probably be constructed on the web site.
Minister of Development and Housing Haim Katz introduced in November that Nvidia would assemble a 160,000 sq. meter campus housing over 8,000 staff, however Nvidia has made no response to that announcement. Its campus will probably be a part of a brand new industrial zone known as Tivon Tech that’s at the moment on the strategy planning stage.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 16, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
