Hitech

Intel has fired dozens of employees in Israel in recent months across several departments
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by Ifi Reporter

Category: Hitech

Intel has fired dozens of employees in Israel in the recent period, with the layoffs being spread across several departments and divisions where projects were closed. Although the number of those fired is small, it indicates a trend that may strengthen in the coming year. The number of global layoffs at Intel is unknown at this point, but about two months ago it was announced that the intention was to lay off thousands of workers due to the slowdown in the PC market.

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Dec 15, 2022

High-tech seniors: Undermining confidence in our justice system might drive out investors
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by Ifi Reporter

Category: Hitech

Senior officials in the high-tech industry called on the future Prime Minister Benjamin Netanyahu on Thursday evening not to allow the enactment of the laws discussed in the last days in the Knesset, due to its "devastating" consequences for the economy and the high-tech industry in particular. According to them, "the undermining of confidence in the Israeli justice system and, as a result, in Israeli democracy, may discourage the investors who drive the growth of the industry." "Legal stability is a necessary condition for international investors and helps them invest in certain...

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Dec 16, 2022

Israel Aerospace Industry placed a spy and observation satellites in orbit by SPACEX
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by Ifi Reporter

Category: Hitech

The EROS-C3 satellite produced by the Aerospace Industry was launched on December 30, 2022 at 09:20 Israel time, from the SPACEX company's "Falcon 9" launcher at the US Space Force's Vandenberg Base in California, USA. EROS-C3 is one of the most advanced observation satellites in the world, thanks to the integration of breakthrough technological capabilities that allow very high resolution photography on several channels at the same time

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Dec 30, 2022

Job vacancies  in the high-tech sector continue to decline: dropped by 8% in November-December
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by Ifi Reporter

Category: Hitech

According to the data of the Central Bureau of Statistics (CBS) published on Tuesday, last December there were approximately 141,543 vacancies in the economy - similar to November. But in the high-tech sector the decline continued, when the average in October-December was 11,468 vacancies for engineers, of which 7,282 Software developers - a drop of 8% compared to the September-November average and a drop of about 35% compared to the numbers a year ago which were 16,899 engineers, of which 13,280 were software developers

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Jan 17, 2023

Israel's defense exports broke all-time record in 2022 and amounted to $12.5 billion
870 Views Details

by Ifi Reporter

Category: Hitech

Israel's defense exports broke the all-time record in 2022 and amounted to approximately 12.5 billion dollars, approximately 1.1 billion dollars more than the previous record from 2021 which amounted to approximately 11.4 billion dollars, according to data from the Department of Defense Exports of the Ministry of Defense. Last year, defense exports were affected by the war between Russia and Ukraine, which is an accelerator for the expansion of procurement budgets and equipment programs in Europe and other regions of the world, in addition to the continued increase in defense budgets all...

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Jun 14, 2023

Private Israeli space project Beraehit may close - Donors stopped contribution
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by Ifi Reporter

Category: Hitech

The private Israeli space project Berashit may close its flagship program, a probe landing on the moon, in the coming weeks, after its major donors stopped their contributions. This is what the venture's co-founder Kafir Damari said today (Wed) in an interview with Bloomberg. The Israeli non-profit SpaceIL, which is behind the $100 million program, said that the reduced budget jeopardizes the second planned attempt to land a probe on the moon, using the Berashit 2 spacecraft, whose launch was planned for late 2025. "Our donors decided not to continue their contribution after transferring...

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Jun 22, 2023

Competition Attorney announced that Wysotsky is a monopoly in the green tea market
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by Ifi Reporter

Category: Hitech

The Commissioner for Competition, Attorney Michal Cohen, announced today (Monday) that she has declared Wysotsky as a monopoly in the green tea market and on the liquor market. This means that Vysotsky will be defined by law as a "large supplier", as the term is defined in the Law for the Promotion of Competition in the Food Industry, and from now on All the obligations imposed on large suppliers by virtue of this law regarding the declared products apply to it

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Jun 26, 2023

Israel dropped from 5th place to 7th place in the global artificial intelligence ranking
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by Ifi Reporter

Category: Hitech

Israel dropped from 5th place to 7th place in the global artificial intelligence ranking published by Tortoise Media, after Singapore and South Korea overtook it. Although even after the drop, Israel is still in a very high place in the world ranking, but the drop reinforces the fears that the lack of government investment in infrastructure and academic research may cause Israel to lose its lead - and open a gap with other countries in the field of artificial intelligence. Tortoise Media's AI Index report presents a ranking that represents the 62 countries leading the global artificial...

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Jun 28, 2023

Israeli renewable energy company Energix: $1.5 Billion Deal with American giant "First Solar"
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by Ifi Reporter

Category: Hitech

Green energy company Energix has revealed its largest deal to date, worth $1.5 billion, with American company First Solar. The agreement entails the purchase of solar panels with a total capacity of five gigawatts (GWp) for Energix's upcoming solar projects in the United States. These projects are scheduled to be built between 2030 and 2026

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Jul 16, 2023

Government Approves NIS 165 Million Transfer to Support Torah Institutions, Sparks Controversy
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by Ifi Reporter

Category: Hitech

The government has authorized the transfer of NIS 165 million to support Torah institutions, resulting in a significant increase in the scope of coalition funds by an additional NIS 145 million. The total amount of coalition funds for 2023 is now expected to reach 5.8 billion shekels, surpassing the budget initially announced in February during the preparation of the government's budget

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Jul 29, 2023

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