NVIDIA (NVDA.O) on Tuesday formally opened a new R&D center in Beersheba, Israel, completing its relocation in the city. The center in the Gav Yam (Bayside) tech park covers about 3,000 sq m—three times the size of the previous facility—and contains several hundred workstations. Sources said the building investment ran into several tens of millions of shekels, the lease is 10 years and annual rent is about 2.5 million shekels. The site currently houses more than 150 employees, with plans to hire

NVIDIA (NVDA.O) on Tuesday formally opened a new R&D center in Beersheba, Israel, completing its relocation in the city. The center in the Gav Yam (Bayside) tech park covers about 3,000 sq m—three times the size of the previous facility—and contains several hundred workstations. Sources said the building investment ran into several tens of millions of shekels, the lease is 10 years and annual rent is about 2.5 million shekels. The site currently houses more than 150 employees, with plans to hire several hundred more over the coming years. Teams at the center are developing hardware and software for AI infrastructure to connect thousands of chips and processors for high-speed data transfer and to operate data centers used to train and run AI models.