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Mellanox, one of the largest chip companies in the world, was sold to US chip giant Anbidia for $ 7 billion. This is the second exit of the company's founder and CEO, hi-tech entrepreneur Eyal Waldman, after his Galileo was floated on the stock exchange about 20 years ago. Under the terms of the agreement, Anbidia will acquire all the issued and outstanding ordinary shares of Mellanox for $ 125 per share in cash, representing the total value of the Company's operations. The acquisition will bring together two of the world's leading high performance computing (HPC) companies. Together,...

In a move that signals ongoing economic adjustments, the Israeli government has approved a second increase to the 2025 state budget deficit in less than a month. The revised deficit for next year’s budget has been set at 4.4%, up from the previously approved 4.3%, amounting to an additional 80 billion shekels. The decision to raise the deficit was almost unanimous, with the sole exception being Minister Gila Gamliel, who voiced her opposition

The food chains are preparing to raise prices as early as next week. The price index of Stornext, which increased in the first 9 months of this year by 4.4% compared to the same period last year, is expected to jump in the next update, in view of the demand of various suppliers, including Sano, Unilever, Terra, Gad Dairies and Diplomat Company, to raise the prices of their products at a rate that reaches up to 25%

The tax authority is reporting an increase in the level of the purchase tax, according to the rate of increase in the index. In this case, in the case of a single dwelling, the minimum purchase tax threshold increased from NIS 1,696,750 to NIS 1,744,505, while in the case of another dwelling, if in 2019 an 8% tax on the value of up to NIS 5,194,225 was paid from the price of the apartment, then Tax is payable at this rate on the par value up to NIS 5,340,425. In light of the changes, unit-dwellers from January 16 this year will be charged with purchase tax according to the following steps:...

The family of Hersh Goldberg-Polin, one of six abductees murdered by Hamas during captivity, has allowed the publication of a psychological terror video released by the militant group. The video, published last night (between Thursday and Friday), shows Hersh addressing his family with a heartbreaking message, despite the likelihood that parts of it were dictated to him

The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data

In a secret election, the Knesset elected opposition representative MK Karin Elharar (Yesh Atid) as a member of the committee for selecting judges. The plenary rejected the candidacy of MK Tali Gottlieb (Likud). Since Gottlieb was the only candidate of the coalition, she was left without a representative in the committee, which means that in 30 days the Knesset will convene again to elect a representative of the coalition

In response to the ongoing "Iron Swords" war, Israel's Finance Minister, Bezalel Smotrich, and Defense Minister, Yoav Galant, have unveiled a comprehensive financial aid package aimed at supporting the nation's reserve officers and those affected by the conflict. This financial relief package, contingent upon government approval, includes a range of benefits to ease the economic burdens resulting from the war

The Harel insurance group was selected by Japan's largest insurance giant Tokyo Marine Holidings to cooperate in locating Israeli high-tech companies in the fields of innovation and digitalization. According to the agreement, the Harel Group and Tokyo Marine will act to locate Israeli companies engaged in innovative technologies and services, and the Harel Group will have access to Tokyo Marin's leading technology infrastructure. The collaboration was led by the Deloitte consulting firm. Japan's Tokyo Marin Group is one of the leading insurance companies in the world. The company was...

Israel kicked off its 71st birthday celebration in the usual Yom Ha’atzmaut (Independence Day) style with cookouts, aerobatic shows, silly string, torch-lighting ceremonies and festive fireworks across the nation. In only seven decades, Israel has proven it’s possible to do the impossible at home and abroad, whether greening deserts with world-leading technological knowhow, rescuing people in distress in distant lands, or sending the smallest-ever spacecraft to the moon. Last year, ISRAEL21c brought you a timeline, “70 Years of Israeli achievement,” and a fantastic companion film, “70...