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24/7
Headlines
13:46
Intel exec to help safeguard Israel’s elections
13:24
The Wiz founders’ nonprofit behind Israel’s most unusual media deal
12:09
Between Israel and Iran, India walks a diplomatic tightrope
11:22
“Losing one gas rig would mean billions in damage”
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Fresh Fund founder Zaki Djemal dies suddenly
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Fresh from $32 billion exit, Wiz founders turn to Israeli media with $125 million bet on TV broadcaster
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“Within 10 years, there will be at least 10 more Israeli companies like Wiz”
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Why did Zim’s CEO sell $40 million in shares before the $4.2 billion Hapag-Lloyd deal?
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Wiz billionaires forming private family office to manage proceeds from $32 billion Google exit
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Chips
20 stories about Chips
Chip company Inuitive laying off 20% of workforce as CEO retires
15.08.24
|
Meir Orbach
Inuitive, which focuses on 3D imaging, has raised approximately $200 million to date.
Intel laying off more than 15% of workforce, cutting costs by $10 billion
02.08.24
|
Omer Kabir
The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.
Intel’s mass layoffs: A desperate move that might not be enough
01.08.24
|
Omer Kabir
Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.
Intel to layoff thousands of employees in latest round of cutbacks
31.07.24
|
Omer Kabir
According to a Bloomberg report, the chip company could present the plan as early as this week.
The Israeli startup developing processors that perform AI tasks 1,000 times faster than Nvidia
04.07.24
|
CTech
CogniFiber is developing DeepLight processors that utilize multi-core optical fibers to process data at the speed of light as it travels through the fiber, aiming to increase processing speeds up to 1,000 times during AI inference while using only about 1% of the energy
“Intel is the only Western company that manufactures silicon chips with the most advanced technology and this is an opportunity”
27.06.24
|
Shaked Green
Karin Eibschitz Segal, VP at Intel, added that “Intel's uniqueness in AI is that it is one of the only companies in the world that has a full portfolio—meaning the ability to develop end-to-end solutions."
Hailo appoints Yaron Garmazi as CFO and COO
17.06.24
|
CTech
“We are facing great challenges and opportunities, and Yaron's experienced hand in the fields of finance and management will be a critical element in our success,” said CEO and co-founder Orr Danon
"Intel can no longer afford to build a production line without knowing in advance who its customers will be"
13.06.24
|
Sophie Shulman
The freeze on construction at the Kiryat Gat Intel plant is a severe blow to Israel, potentially creating ripples throughout the industry. This situation arises from internal troubles within the faltering company, which is hesitant to open a new plant without having customers, especially since subsidies abroad are much higher.
Intel halts construction of new $25 billion factory in Israel
10.06.24
|
Sophie Shulman
Intel's suppliers received notice of the cancellation of contracts for the supply of equipment and materials required for the establishment of the company's new factory over recent days. The Ministry of Finance was aware of the company's decision to halt the establishment of the plant.
Three kilometers from Gaza: Israeli startup poised to lead AI chip cooling revolution
30.05.24
|
Diana Bahur-Nir
In the industrial area of Sderot, in a building that was attacked on October 7, ZutaCore is developing "low-tech" to save high-tech: a direct-to-chip, waterless, dielectric liquid cooling solution
SVP Shlomit Weiss leaving Intel amid engineering reorganization
17.04.24
|
Omer Kabir
Weiss returned to Intel three years ago to serve as senior vice president and co-general manager of its Design Engineering Group. Intel confirmed her departure but asserted that Weiss' retirement was unrelated to an ongoing engineering reorganization process
The price of failure: Dutch company's chip monopoly born from a bad bet by Intel
15.04.24
|
Omer Kabir
China or the US, who holds the real power in the global chip industry? Behind the investments in manufacturing giants such as Intel and TSMC is an assumption that whoever controls chip production has the power to direct the future of the global economy. But the real power may not be in the hands of the chip manufacturers themselves, but rather ASML, the company that owns the technology to manufacture the expensive machines that are used to manufacture the chips.
AI chip unicorn Hailo raises another $120 million to bring GenAI to edge devices
02.04.24
|
Meir Orbach
The Israeli startup, which took its total funding to $340 million, also announced the Hailo-10, its newest AI accelerator specifically designed to process LLMs at low power consumption for the personal computer and automotive industries
Legendary Israeli investor strikes gold again with Astera Labs
27.03.24
|
Sophie Shulman
Chip company Astera Labs, in which Israeli entrepreneur Avigdor Willenz is a founding investor, has surged since its IPO last week. This exit joins Willenz's string of successes in the world of chips, which began with the sale of Galileo to American company Marvell for $2.7 billion in 2000 and continued with the sale of Annapurna to Amazon for $360 million in 2015 and the sale of Habana Labs to Intel for $2 billion in 2019.
China's three main goals in escalating chip war with US
26.03.24
|
Omer Kabir
China is expanding the war to the software front, and has also begun to block the use of chips made by Intel and AMD in government computers. The move will allow China to enhance national security, harm the US economically and create strong local competitors for the American chip companies
How Apple and US-China tensions ultimately led to the closure of a division at Orbotech
20.03.24
|
Sophie Shulman
Five years after its acquisition by U.S. company KLA, the flat panel display division at Orbotech is set to be closed, with the initial number of 100 layoffs expected to double by the end of the year
The rise and rise of Nvidia
22.02.24
|
Reuters
As Nvidia's stock soars, market experts ponder the path forward
Sam Altman's $7 trillion chip dream: Bold vision or delusional fantasy?
18.02.24
|
Viki Auslender
The OpenAI CEO is making headlines again, reportedly trying to raise $7 trillion to reshape the global chip industry. However, the amount is completely unrealistic, computing power is already ravaging natural resources and the industry itself is skeptical of his true goal
Tower shutting down one Israeli chip factory, pegs hopes on Indian market
15.02.24
|
Sophie Shulman
CEO Russell Ellwanger said all of the employees from Fab 1 in Migdal Ha’Emek will receive offers to either work in Fab 2 or one of the factories abroad. "There's no point in keeping a factory alive if it's operating at a loss," said Ellwanger. "I've never been more bullish on Tower's future"
Tower’s Q4 revenue falls as auto chips supply glut adds uncertainty
14.02.24
|
Reuters and CTech
The Israeli chipmaker said it plans to phase out certain lower margin products without providing further details
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