Apple CEO Tim Cook to visit Israel next week

Tim Cook

Tim Cook will inaugurate Apple Israel's new headquarters in Herzliya, which will house 800 employees.

Apple Inc. (Nasdaq: AAPL) CEO Tim Cook will visit Israel next week. He will meet former President Shimon Peres and senior figures in Israel's high-tech industry, sources inform "Globes."

Cook is coming to Israel to take part in the inauguration of Apple Israel's new headquarters in Herzliya Pituach. The 12,500 square meter building will house 800 Apple Israel employees including the company's development center, and marketing and sales representatives. The building is being leased from Bayside Land Corp. Ltd.(Gav Yam) (TASE: BYSD1).

Apple Israel's development center is based on the acquisitions of flash memory developer Anobit ($390 million in 2012) and movement sensor developer PrimeSense ($300 million in 2013). Apple Israel also took in 150 employees being laid off in Israel last year by Texas Instruments.

Last year, Cook met with Prime Minister Benjamin Netanyahu at Apple's Cupertino, California headquarters.

Published by Globes [online], Israel business news - www.globes-online.com - on February 12, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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