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Full list of Israeli high-tech layoffs in 2026
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Remitly cuts 110 jobs in Israel and closes R&D hub three years after $80 million Rewire acquisition
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Rigas: "Energean needs more gas to compete, and to prevent a monopoly"
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Chinese fund: “The Chinese government has imposed a ban on any new investment in Israel”
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Medtronic to acquire Israeli AI cardiology firm CathWorks for $585 million, deal could reach $1 billion
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“SaaS is dying as a business category”
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Russell Ellwanger
5 stories about Russell Ellwanger
Tower CEO: "Intel is definitely a competitor now"
31.12.25
|
Sophie Shulman
Two years after Intel’s aborted $5 billion bid, Tower’s CEO Russell Ellwanger explains how continued investment in silicon photonics turned a would-be acquirer into a rival, and why the company believes its AI-driven growth is structural, not hype.
Tower shutting down one Israeli chip factory, pegs hopes on Indian market
15.02.24
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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 extremely optimistic regarding chip business, but needs to back up words with results
21.12.23
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Uri Tal-Tenne
In a presentation published with the third quarter reports, Tower revealed a long-term model of sales and profitability potential in which the company's revenues will jump to $2.66 billion, an increase of 87% compared to this year's expected revenues, and the operating profit will jump by 166% to $560 million
Principles towards success
05.05.22
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Russell Ellwanger
"John F. Kennedy stated: “I am an idealist without illusions." Such is the Tower DNA. If one relentlessly pursues high ideals, treats friendships as the treasure most dear with the understanding that friendship and loyalty are synonymous, such a person has a deep fountain of power," writes Russell Ellwanger, CEO of Tower Semiconductor
TowerJazz CEO Steers Company Through Troubled Water
27.12.17
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Uri Tal-Tene and Eli Shimony
In 2016, Israel-based chip manufacturer's sales totaled $1.4 billion, with an all-time high of $355 million in the third quarter of 2017