Hitech

In a surprising move, Amdocs, one of Israel's leading hi-tech companies, has issued layoff notices to nearly 100 employees, with termination effective from April 1. This latest round of cuts comes merely half a year after the company's announcement of its intention to lay off 2,000 workers worldwide, including approximately 250 in Israel

A comprehensive report on "Women in Hi-Tech 2024" was drawn up these days by the Economy and Research Division of the Innovation Authority, and the Aaron Institute on the occasion of International Women's Day, starting tomorrow. The good news: in 2023, there will be an increase in the number of women in the high-tech industry in Israel - 131,000 women, almost double compared to the previous decade, and an increase of 2.7% compared to 2023. The bad news: it's not enough. According to this growth rate, the State of Israel will not meet the goal set by the Perlmutter Committee for increasing...

Norwegian Wealth Fund, renowned as one of the world's largest investment bodies with an estimated capital of $1.6 trillion, made headlines by announcing a comprehensive review of its holdings in various international and Israeli companies. This re-evaluation comes in the wake of the recent conflict in Gaza, with the fund citing potential violations of its ethics regulations as the impetus behind this decision

Iranian cyber attackers, linked to the Muddy Water group associated with the Iranian Ministry of Intelligence, have launched targeted phishing campaigns against Israeli journalists and media organizations, according to a report released by Check Point and revealed by PC. The Muddy Water group executed two significant phishing campaigns in recent days, focusing on leading media outlets, prominent journalists, as well as tourism and health organizations in Israel. The attackers utilized hacked legitimate email addresses to send deceptive messages, posing as medical and nursing centers or...

The Bezos Earth Foundation, spearheaded by Amazon founder Jeff Bezos, has decided to withhold its planned $30 million investment in establishing a center of excellence for foodtech in Israel. The decision, attributed to the ongoing war in the region, comes as a blow to Israeli universities Technion and Hebrew University, which had submitted proposals and received praise for their innovative approaches. Uncertainty Halts Funding In a recent communication to research teams, the Bezos Earth Foundation cited "uncertainty surrounding the war" as the reason for not proceeding with the...

Israel Aerospace Industries (IAI) has announced its strongest first quarter in history, boasting impressive financial figures despite ongoing conflict. The company's order backlog stands at approximately $19.1 billion, representing a significant milestone in its operations. Financial Highlights: IAI reported a 48% increase in net profit to approximately $135 million, alongside positive cash flow from current operations totaling approximately $1,780 million. Sales volume saw a substantial increase to approximately $1,432 million, reflecting the company's robust performance in...

Intel's suppliers recently received notices of contract cancellations, halting equipment and material supplies for the expansion of the company's new factory. The Ministry of Finance was aware of Intel's decision to halt the expansion

In a significant legal development, the Supreme Court of France has ruled in favor of Israeli defense manufacturers, ordering the cancellation of a ban that had prohibited Israeli companies from participating in the ongoing Eurostory weapons exhibition in Paris. This decision comes after a contentious legal battle that involved multiple French courts and drew international attention

In the second quarter of 2024, Israeli start-ups witnessed a remarkable surge in capital raising, soaring to $2.9 billion, the highest since 2022. This trend continued into the first half of the year, totaling an impressive $4.7 billion in investments and exits combined, marking a significant increase from $2.7 billion in the same period last year

Lt. Col. Yossi Shariel, commander of Israel’s elite Unit 8200, announced his resignation today (Thursday) following the unit’s failure to foresee the October 7 attack. In a letter to unit members, Shariel expressed deep regret over the incident, stating, "At 06:29 on October 7, I did not fulfill the task as expected of me, by my subordinates, commanders, and the citizens of the country that I love so much