Tower Semiconductor has partnered with India’s Adani Group to establish a USD 10 billion semiconductor manufacturing plant in Gujarat, India. The project aims to strengthen India’s presence in the global semiconductor industry, addressing supply chain needs and promoting tech innovation. Tower, a leading Israeli chipmaker, will provide expertise in the manufacturing process, while Adani will […]
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Azerbaijan is extending significant tax incentives to attract startups, including full exemptions from corporate, purchase, real estate, and dividend taxes for a decade. These benefits are specifically available to Israeli startups that relocate their operations to the country. The initiative aims to boost Azerbaijan’s appeal as a business hub by offering substantial financial advantages. According […]
Israeli private equity firm FIMI Opportunity Funds has reduced its stake in TAT Technologies from 51.8% to 26.8% by selling a 25% share for NIS 129 million. The sale comes amid a doubling of TAT’s share price over the past year. Israeli institutional investors, including More, Meitav, and Yelin Lapidot, are believed to have purchased […]
Quantum Source, a startup focused on developing practical photonic quantum computers, has raised USD50 million in a Series A funding round led by Eclipse, with contributions from Standard Investments, Level VC, and others. This brings their total funding to USD77 million. Founded in 2021 by industry veterans Oded Melamed, Gil Semo, Dan Charash, and Professor […]
Despite a challenging security climate and a slowdown in Israeli high-tech, the Israeli cyber industry continues to secure significant investments. Zafran Security, an Israeli startup developing a risk and mitigation platform to identify and neutralize exploitable threats within organizations, has raised USD 40 million. The investment will fuel Zafran’s growth and global expansion. Goldfarb Gross […]
Salesforce has announced its acquisition of Own Co., a startup specializing in cloud-based data backup, for USD 1.9 billion in cash. The deal, expected to close by January 2025 pending regulatory approval, signals a return to major acquisitions for Salesforce. DLA Piper advised Own Co. on the U.S. aspects of the transaction, led by Peter […]
Pre-qualification tenders have been issued for three major projects in Jerusalem, covering 300,000 square meters of government office space. These include the Har Hotzvim tech campus, a new central judiciary and courts complex, and a new headquarters for the National Insurance Institute. The Ministry of Finance’s accountant general office is overseeing the tenders for financing, […]
Venture capitalists are increasingly drawn to founders with experience in Israel’s elite military cyber unit, Unit 8200, known for its expertise in cybersecurity and cyberwarfare. Alumni of the unit have established numerous successful cybersecurity companies and have also become influential venture capitalists, mentoring the next generation of tech entrepreneurs. At least five U.S.-listed companies founded […]
Partners in the Aphrodite natural gas field, including Israel’s NewMed Energy, have submitted an updated development plan to the Cypriot government, valued at USD 4 billion. The plan outlines the production and processing of gas from the reservoir, which is located offshore Cyprus. NewMed Energy, which holds a 30% stake in the field, stated that […]
A recent survey of the outbound business development and marketing initiatives of Israeli corporate law firms illustrate useful results for fostering closer relationships. In the survey – conducted by Nishlis Legal Marketing – over half of Israel’s law firms (55%) said they refer work to international law firms based on an existing relationship, almost two-thirds of domestic […]
