They aren’t going to manufacture there. Chip manufacturing happens almost exclusively in Taiwan. That new building is just an office to design those chips.

A lot of maths goes into designing computer chips. You need an army of highly trained mathematicians and engineers for that.

And Israel is a really rich country that gets a lot of gifts and “investments” from people who want to show they aren’t antisemitic. They invest a lot of that money into the education of their citizens.

Israel’s universities are some of the best in the world. While US universities are on a steep downhill.