“It was only natural that when we started to think about where we’d might locate a new research institute that we’d want to look at Israel,” said Justin Rattner, Intel’s Chief Technology Officer. The Israel Technion and Hebrew University will collaborate on the project.
http://www.israelnationalnews.com/News/News.aspx/156187
http://www.youtube.com/watch?v=wAIhKifzcIU&feature=player_embedded