IT

Deputy chief minister of Maharashtra Devendra Fadnavis says the plant will eventually produce 80,000 wafers annually.

Own has developed a platform that provides companies with backup to protect against the loss of essential data.

SSI will focus on building a small highly trusted team of researchers and engineers in Palo Alto and Tel Aviv, company executives have told "Reuters."

Amnon Shashua told the Goldfarb Gross Seligman and PwC Israel Up & Coming conference that the war is hurting Israeli tech because customers and investors are scared to come here.

The new processors for personal computers, development of which was managed by an Israeli team in Haifa, incorporate an AI engine.

The layoffs, which were delayed because of the October 7 massacre, took place in January.

After rejecting offers valuing the company at up to $1.7 billion last year, the Israeli polymer 3D solutions company now has a market cap of just $489 million.

Intel is reportedly considering splitting into a production company and a development company. It employs thousands of people in Israel in both categories.

This cut will save NIS 12 million in expenses for Intel Israel, sources familiar with the matter have told "Globes."

The threat intelligence and digital protection company has raised an estimated $65 million, thus providing investors with handsome returns.

The founders of Habana Labs, sold to Intel for $2 billion, have set up Touch in Tel Aviv to develop AI processors.

The Israeli company strives to empower decentralized applications with contextualized data to improve risk management, and economic security posture.

Three months ago Israel’s Knostic took first place in the startup competition at the prestigious RSA Launch Pad cybersecurity conference.

Former SAP CRO Scott Russell will replace Barak Eilam.

ARM is developing a graphics processor unit at its Ra’anana development center that will compete with Nvidia and Intel, sources familiar with the matter have told “Globes.”

Among Autofleet's customers is Alphabet's automomous taxi company Waymo.

After strong second quarter results, the Israeli work operating system company is worth over $13 billion. But CEO Roy Mann says this is just the start.

Mobileye, OrCam and AI21 Labs are all challenged by the likes of Nvidia, Qualcomm, and OpenAI, while digital bank One Zero has also had to restructure.

The Israeli company has raised its annual guidance to $956-961 million from $942-948 million, which reflects annual growth of 31%-32%.

The resignation of veteran CEO Barak Eilam and greater competition from Microsoft are among factors weighing on the Israeli company’s stock.

“Reuters” reports that Cisco is set to lay off another 4,000 employees. The cuts will likely hit Cisco’s 750 employees in Israel.

The chip designer says that 2024 revenue growth will be at the uppper end of its guidance.

The number of attacks on Israeli companies and organizations rose 81% in the second quarter from the corresponding quarter of 2023, Check Point reports.

The Israeli fintech company will pay $61 million cash and up to $20 million in future milestone payments.

The Israeli company reported strong results for the second quarter while a rise in orders for its improved products builds positive momentum for the second half of 2024.

Intel’s struggles might not have been so critical if Israel had not missed the opportunity to develop a more diverse semiconductor industry.

Shashua, founder and CEO of the Israeli ADAS solutions company, whose share price has plummeted, bought shares to the tune of $10.4 million.

The semiconductor giant is laying off 15% of its workforce worldwide including in Israel and will this week ask employees to sign up for early retirement programs.

The Israeli chip manufacturer bucked the strong falls on Wall Street on Friday with a 6.98% rise.

The Department of Justice investigation jeopardizes the completion of the $700 million acquisition, “Politico,” and “The Financial Times” report.