Articles by April, 2019

The British chip company ARM is firing several dozen workers in Israel. The company refused to say how many workers would be fired, but it appears that this is a few dozen of the 200 employees employed by the development center in Israel. ARM said in response, "Like any business, ARM is constantly re-evaluating its resources and technology to ensure that we are ready to support our growth strategy." ARM recently re-evaluated our investment in the IoT Services Group to increase effectiveness And our ability to respond to customers and this may affect a small number of positions in Israel...

Elbit Systems has signed a binding agreement to acquire night vision activity from Harris for $ 350 million in cash. Completion of the transaction is conditional upon approval of the merger between Harris and L3. The merger will create the sixth largest security company in the US with a market cap of $ 34 billion.The merger, announced in October 2018, was approved last Thursday by the shareholders of both companies, but regulatory approvals are still required. Harris and L3, Harris was required to sell its night vision activity, with a sales turnover of $ 150 million a year. The night...

After counting ninety-four percent of the votes in the elections - equality in seats between Likud and blue and white: thirty-five each. The ultra-Orthodox bloc has sixty-five seats, compared with fifty-five for the center-left bloc and the Arab parties The ultra-Orthodox parties - Shas and United Torah Judaism - received eight seats each, the Labor Party and the New Tal list, six each for the right-wing parties and Yisrael Beiteinu, five for Meretz and four for each. Ten o'clock at night is sixty-seven percent and nine-tenths. The prime minister and Likud chairman Benjamin Netanyahu...

Israel's largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy's thermal power plant at Ashalim will supply clean electricity to the national grid. Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev. Negev Energy (50%), the Noy...

The competition authority decided to reduce the administrative fine it is considering to impose on Coca-Cola Israel for the abuse of monopolistic power and breach of the terms of a merger with Neviot. This emerges from a revised letter of hearing sent today to the Central Bottling Company, which markets Coca-Cola products in Israel. According to the amended version, the Authority decided to retract its intention to impose a fine of NIS 340,000 on the CEO of the distribution company, Nir Levinger.The decision on the amended fine is also subject to a hearing, according to the Authority, for...

According to the preliminary investigation of the Israeli spacecraft Beresheet's landing maneuver, following an IMU malfunction a command was uploaded to the spacecraft. This led to a chain of events in the spacecraft, which turned off the main engine and prevented proper engine activation. The SpaceIL and Israel Aerospace Industries (IAI) team continues to investigate what occurred during the mission. In the coming weeks, final results of the investigation will be released

Sightec announces a $ 2 million seed investment round from the "Sherpa" "InnoVentures" and "Playfair Capital" funds. The investment will be used to further develop a spatial orientation system based on computer vision and artificial intelligence. The system allows aircraft with full or partial autonomy to orient, navigate, land and perform complex tasks in real time at high accuracy, even when there is a communication limit such as GPS blocks. IAI is among the largest customers of the start-up company

Intel launched the most powerful 9th generation of Intel Core processors for laptops developed at the R & D center in Haifa. The new processors are designed for gamers and content creators. There are now 580 computer game players and 130 million content creators, who are very important to the computer's raw performance and responsiveness. These users need PCs that can handle any task, from demanding games to heavy workloads of editing, randering and encoding heavy K4 video files

Ceragon Networks announced that a Tier 1 mobile operator in Latin America is taking another step in expanding and densifying its 4G network in multiple countries in Latin America with Ceragon. Ceragon is providing the operator with network design, rollout and optimization services using the company's complete IP-20 Platform portfolio. The operator will leverage Ceragon's millimeter-wave network densification solutions, along with microwave backbone solutions to address substantive increases in capacity claims. So far in 2019, orders placed in support of this project total over $ 14 million,...

Harsa - a manufacturer of toilets, sinks and other sanitary equipment from the Hamat group - will close its doors on Monday, April 29. The workers of the 70-year-old factory were not allowed to return to work at the end of the Passover holiday. The workers' committee said that the factory management hired a security company to prevent the workers from entering their work place after a two-week intensive vacation. "The day is a very difficult day for you and me. It has been eight years since I acquired the Hamat Group, during which I tried with all my might to improve it and bring it to...