CTech's Weekly Roundup of Israeli Tech News

Intel to invest $11.9 billion in Israeli fab operation expansion; Intel among bidders for chipmaker Mellanox

CTech 07:5901.02.19
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

 

Intel's Kiryat Gat facility. Photo: PR Intel's Kiryat Gat facility. Photo: PR

 

 

Intel among bidders for chipmaker Mellanox. On Tuesday, JP Morgan & Chase has notified Intel its offer for Israeli chipmaker Mellanox has made it to the final stages of the bidding process. On Wednesday, Calcalist reported Intel was among the bidders for Mellanox, with a $6 billion cash and stock offer made over the past several months. Read more

 

Israeli tech luminaries to take the stage at WeTechBerlin. Calcalist to lead a delegation of leading figures from Israel’s tech industry to Berlin in February. Read more

 

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

 

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

 

Israeli companies bagged a fifth of all cyber venture capital investments in 2018. Only U.S. firms topped Israeli firms in terms of overall cybersecurity investments, according to a new report. 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

 

Lawsuit alleges crypto company Stox stripped investors of their money. A lawsuit filed Wednesday in Tel Aviv names Israeli blockchain entrepreneur Moshe Hogeg and crypto firm Stox as defendants. Read more

 

Analysis | Five trends in Israeli M&A in 2018. From the resurgence of cybersecurity to deals seeking to bring cannabis firms to stock exchanges, here are the trends that shaped Israeli M&A in 2018. Read more

 

IPO and M&A

 

Fintech startup Splitit raises $8.5 million on Australian IPO. Read more

 

Algae-based medical adhesives developer Sealantis sold for $25 million. Read more

 

Startup funding

 

Cybersecurity company Cato Networks raises $55 million. Read more

 

Softbank leads $30 million investment in cloud storage startup Pliops. Read more

 

Tel Aviv-based transcription startup Verbit raises $23 million. Read more

 

Healthcare cybersecurity startup Medigate raises $15 million. Read more

  

Algae-based medical adhesives developer Sealantis sold for $25 million. Read more

 

Gaming startup StreamElements raises $11.3 million. Read more

 

Cybersecurity company Salt Security raises $10 million. Read more

 

Cybersecurity startup ReSec raises $2 million. Read more

 

British energy company Centrica increases investment in electric vehicle charging startup Driivz. Read more

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