CTech’s Monday Roundup of Israeli Tech News

As self-imposed acquisition deadline grows near, Orbotech’s stock continues downturn. Consumer electronics company Orbotech’s stock fell 9.12% since the beginning of the month, reaching $54.7 just over a week before its acquisition by KLA-Tencor was expected to be finalized. Read more

Communication chips company ColorChip to lay off 50% of employees. In August, Calcalist reported that the Israel-based company was negotiating an acquisition by Chinese chip designer and manufacturer Sanan Optoelectronics. Read more

Novartis invests $10 million in anti-cancer company Ayala Pharmaceuticals. The investment is part of a licensing option agreement signed between the two companies. Read more

Israel to demand tax report amendments from local outposts of tech multinationals. The decision comes following an April supreme court ruling affirming that options given to employees are wage-equivalent and should be calculated under labor costs. Read more

Highly competitive cybersecurity industry lands Israeli employees with most stock options. Israeli cybersecurity companies allocate between 10% and 15% of their stock to employees, while telecommunications will allocate around 8% to employees. Read more

China awards Israeli startup second prize in an innovation competition. Newsight Imaging develops chips containing 3D imaging sensors for robotics, drones and the automotive industry. Read more 

News briefs

Blood testing startup Sight raises $28 million. Read more

NDTV renews Taboola contract for five years. Read more

Marketing strategy startup KonnecTo raises $1.5 million. Read more