SanDisk Relocates Northern R&D Center to New Galilee High-Tech Park
Translated & summarized from Calcalist by baba
The company's stock has seen a significant surge due to high demand for its flash memory products used in AI. SanDisk, founded by Eli Harari, has a history in Israel including the acquisition of Dov Moran's M-Systems. The new park is expected to house over 5,000 employees upon completion.
The story in 4 lines · by baba
- Approximately 120 employees will transfer to the new 1,250 square meter facility.
- SanDisk's stock has surged due to high demand for its flash memory products used in AI.
- The company was founded by Israeli Eli Harari and acquired Dov Moran's M-Systems.
- ZEISS and NEXT POWER are among the companies already operating in the park.
Approximately 120 employees will transfer from Tefen to the new 1,250 square meter facility. The company also employs 600 people at its development center in Kfar Saba.
SanDisk, a specialist in flash memory, is currently trading on Nasdaq with a market valuation of $200 billion. Its stock has surged 400% since the start of the year and nearly 1000% over the past 12 months. This sharp rise is attributed to high demand for NAND flash memory, which SanDisk specializes in, for running complex AI models.
The company was founded in the 1980s by Israeli Eli Harari. It later acquired M-Systems, founded by Dov Moran, about twenty years ago, which forms the basis of the Kfar Saba center. Boaz Greenberg heads SanDisk Israel.
The third of eight planned buildings has begun construction, with the entire park projected to span approximately 90,000 square meters and accommodate over 5,000 employees upon completion. Notable companies already operating there include Germany's ZEISS and American company NEXT POWER.
She added that a leading global technology company setting new Wall Street records choosing the Galilee for its growth center sends a clear message about the region's human capital and potential.