Amazon CEO Jeff Bezos
Jeff Bezos, chief executive officer of Inc., introduces the Kindle Fire HD tablets at a news conference in Santa Monica, California, U.S., on Thursday, Sept. 6, 2012. Inc. is updating its line of Kindle e-readers and tablets in a bid to stoke consumer demand as Google Inc. and Microsoft Corp. join the crowded market of machines challenging Apple Inc.?s iPad. Photographer: Patrick Fallon/Bloomberg via Getty Images

Amazon expanding in Israel

Amazon may be planning for a major expansion in Israel, with a big part of its resources going to Annapurna Labs, the secretive Israeli chip making startup it bought for $350 million in 2015, according to Haaretz’s Eliran Rubin.

The report says the expansion includes a new 32,000 square foot (3,000 square meter) R&D facility that would have about 800 employees within the next two years. Annapurna Labs, which employees about 200 people now, will be the “basis” for Amazon’s upgrade plan in Israel, it says.

Read the report by Eugene Kim in the Business Insider Australia.