CTech's Tuesday Roundup of Israeli Tech News
Intel to invest $11.9 billion in Israeli fab operation expansion; Samsung acquires Israeli smartphone camera developer Corephotonics
14:0929.01.19
Intel to invest $11.9 billion in Israeli fab operation expansion. Intel currently employs 12,700 people in Israel, including the 1,100 people employed by automotive chipmaker Mobileye. Read more
Samsung acquires Israeli smartphone camera developer Corephotonics. Calcalist first reported that Samsung was considering the acquisition earlier this month. The companies signed the deal Sunday. Read more
In Tel Aviv, reform sends cannabis stocks down as shareholders sell high. On Sunday, the Israeli government gave the final stamp of approval to a cannabis export reform. In response, Tel Aviv’s cannabis stocks tumbled. Read more
The Tel Aviv Stock Exchange. Photo: PR
Facebook to increase ad transparency in Israel (not much) ahead of general elections. Once enforced, Facebook's new policies in Israel will require advertisers of electoral ads to be pre-approved. Read more
Israel's richest woman commits to foodtech investments, Israel. Israeli billionaire Shari Arison has sold two of her companies for a total of over $300 million in the past month, leaving her with just one soon-to-be-sold Israeli business. Read more
WeTechBerlin conference to showcase Israeli startups, part three. Calcalist will host a two-day tech and innovation conference in Berlin on February 18-19. As part of the event, Calcalist is leading a delegation of some 50 Israeli startups. Read more
Israel announces first five startups selected to pilot tech in state-owned companies. First announced in June, the program is intended to provide local tech startups with access to large-scale infrastructure for testing, and state-owned companies with access to innovative technology early in the development chain. Read more
Fintech startup Splitit raises $8.5 million on Australian IPO. The payment company, which operates a research and development center in Israel, offers users an interest-free way to spread out their payments. Read more
Israeli scooter brand Inokim dips into the sharing economy. The local brand is set to launch its scooter sharing service in March, joining global players Bird and Wind which started operating in Tel Aviv in recent months. Read more
British energy company Centrica increases investment in electric vehicle charging startup Driivz. Centrica co-led a $12 million investment round in Driivz in August. The Tel Aviv-based company develops software for management of electric vehicle charging networks. Read more
