CTech’s Tuesday Roundup of Israeli Tech News

CTech’s Tuesday Roundup of Israeli Tech News

Tel Aviv Stock Exchange indexes rise amid Gaza turmoil. Amazon’s new Israeli offices are prefabs erected on parking lot in days. Intel submits detailed plan for $5-billion plant expansion in Israel

CTech  17:35  15.05.18

Tel Aviv Stock Exchange indexes rise amid Gaza turmoil. Deadly events in Gaza fail to rattle investors of the Tel Aviv Stock Exchange. Read more

Protests at the Gaza border on Monday. Photo: AFP Protests at the Gaza border on Monday. Photo: AFP Protests at the Gaza border on Monday. Photo: AFP

 

 

Amazon’s new Israeli offices are prefabs erected on parking lot in days. In July 2017, Amazon signed a five-year contract to lease two large workspaces in Israel, one in Tel Aviv and one in northern tech hub Haifa. Amazon's expansion plans in Israel are outpacing the local construction speed. and the company has decided to temporarily house its Haifa employees in prefabricated constructs put on a parking lot. Read more

Intel submits detailed plan for $5-billion plant expansion in Israel. The plan involves a major overhaul of the chip manufacturer's Fab 28 plant in the town of Kiryat Gat. Read more

Goldman Sachs backs sports media company Minute Media. The investment bank participated in a $17-million funding round for Minute Media, which has several sports news outlets featuring curated user-generated content. Read more

Mindspace expands to the Netherlands with acquisition of local coworking company KleinKantoor. KleinKantoor’s seven locations will be transformed to match Mindspace’s offering of shared office space. Read more

888 Holdings jumps 16.4% on Monday market close following launch of new U.S. poker feature. The online gambling company confirmed it has begun offering online poker liquidity to players in New Jersey in addition to Delaware and Nevada. Following the rollout, players from all three states can now compete for a cumulative jackpot through 888 or its partners and participated in joined tournaments. Read more

After initial snub, Israeli bank will allow crypto investor’s deposit. An Israeli investor in cryptocurrencies convinced a Tel Aviv court that the profits he made from selling bitcoin are not tainted by money laundering. Read more

 

Israeli venture capital firm Pitango appoints Guy Ezekiel as general partner. Before joining Pitango, Mr. Ezekiel was president and CEO of Israel-based medical device company Ventor, acquired by Medtronic in 2009. Read more

share on facebook share on twitter share on linkedin share on whatsapp share on mail