“Nvidia is the largest company in the world today, trading on the Nasdaq at a value of $4.5 trillion. Since the beginning of the year, its stock has jumped 34% and in the last five years it has completed a phenomenal jump of 1,200% following the AI revolution that has made its chips the hottest commodity on the market.”
Although eyes are on Nvidia’s giant expansion in the north, Calcalist has learned that it is not abandoning the south in the meantime. The chip giant is tripling its area in Be’er Sheva and plans to recruit hundreds of employees for the southern branch in the near future. Nvidia is expected to move its research and development center in Be’er Sheva to a new site of approximately 3,000 square meters in the first half of 2026.
The company is scheduled to move into the fifth building being built by Gev-Yam in the high-tech park in Be’er Sheva, which already houses a number of high-tech companies, including Microsoft and Elbit, and some of the IDF’s IT units. The park is adjacent to Ben-Gurion University and Soroka Hospital.
The decision regarding the expansion was made even before the signing of the Gaza ceasefire agreement, and those around the company note that it would have moved forward with the plan even if the war had continued. Until now, Nvidia had relatively small operations in the park in Beersheba, which it inherited from Mellanox when it was acquired for $7 billion in 2020. There, the company rented about a thousand square meters in one of the first buildings erected in the park and employed several dozen students at Ben Gurion University, most of whom later moved to the company’s offices in the center or north.

As part of the move, Nvidia plans to recruit hundreds of employees from the southern region. This time, these will not necessarily be students, but permanent employees, including chip developers and software and hardware engineers. The new site will be Nvidia’s southernmost in the country and is Joins the existing development centers in Yokneam, where most of the company’s employees in Israel are concentrated, in Tel Aviv, Ra’anana, Mevo Carmel and Tel Hai.
In total, Nvidia currently employs over 5,000 people in Israel, and is one of the largest employers in the high-tech sector today. Since the acquisition of Mellanox, the number of employees at the company has more than doubled, and Nvidia is currently examining proposals to establish a huge campus in the north with an investment of billions of shekels. Last July, Nvidia published a request to locate an area of 70–120 dunams on which it wishes to establish the new campus, which should be relatively close to the Israeli headquarters in Yokneam. This is the largest campus by a significant margin compared to the campuses of other tech giants in the country, including Microsoft and Intel, and large local companies such as Wix or Mobileye. Nvidia has received dozens of offers from all over the country, and not just within the boundaries it has defined, and in recent months it has been reviewing them to make a final decision on the location.
Beyond the campus in the north and the expansion plan in Be’er Sheva, Nvidia has also significantly expanded its offices in Tel Aviv in the past year. The company has leased ten additional floors in the Rubinstein Twin Tower in addition to the eight floors it already rents there, making it a tenant of about half of the tower. Furthermore, it is currently building one of the largest server farms in Israel, which will cover an area of 10,000 square meters in Ramot Menashe in the north, with an investment of half a billion dollars.
Nvidia is the largest company in the world today, traded on the NASDAQ with a value of 4.5 trillion dollars. Since the beginning of the year, its stock has jumped 34% and in the last five years it has completed a phenomenal jump of 1,200% following the AI revolution that has made its chips the hottest commodity on the market. The activity in Israel was initially based mainly on Mellanox, founded by Eyal Waldman, and in 2024, in the midst of the war in Gaza, it expanded further with the acquisitions of the startups DECI and RUN.AI for a cumulative amount of $1 billion. Today, Israel is the company’s second-largest development center outside the US, and a number of the company’s key products are developed here.
The importance of the Israeli site to Nvidia could also be learned from the email that Jensen Huang, the company’s founder and CEO, sent to the company’s employees upon the release of Avinan Or, an engineer at Nvidia, from Hamas captivity two weeks ago: “I am deeply moved and grateful to share with you that just moments ago, our colleague, Avinan Or, was released to the Red Cross in Gaza. After two unimaginable years in Hamas captivity, Avinan has returned home.”
Nvidia confirmed the information, and Amit Krieg, senior vice president at Nvidia and director of the development center in Israel, noted: “The expansion of the development center in Beersheba reflects our commitment to reaching the best engineers – wherever they are.”
The company, whose products are sold mainly to the defense industry, leased the new office spaces in Jerusalem at an annual cost of around ILS 7 million; the Givat Ram Campus project is a joint project of Gav-Yam, The Hebrew University and the Jerusalem Development Authority; tenants are expected to occupy the project’s first stage in late 2024
The income-generating properties giant recorded revenues of ILS 684 million from the increase in value of its properties • CEO Avi Jacobovitz: “We are experiencing strong and stable demand for the establishment and expanding development centers; international technology companies are here to stay and they are leading the market trend”