Intel to Build $3.5B fab in Israel.
As noted before, pretty much every major U.S. tech company has at least an R&D center here, and many have production facilities. My own company notes that experienced engineers cost about half the cost of one in Silicon Valley on a fully loaded basis (i.e. including benefits, etc.), and was one of the reasons they bought a company here. Marketing and sales people are also cheaper, but apparently just not as good as the ones like me from the U.S. - at least that is what my company tells me today.