Intel - the giant US chips manufacturer - is setting up a new venture to produce chips to the car industry, according to a report in Ma'ariv daily.

For that purpose Intel is recruiting engineers and programmers for its facility in Jerusalem.

Intel already has a few facilities in Israel: a huge plant in Kiryat Gat, an R&D center and another manufacturing facility in Jerusalem.

By Ya'acov Zalel, www.autonews.co.il