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EMC, the storage giant, intensifies Israel operations

1.  The $58BN MA-based EMC acquired Israel’s XtremIO for $430MN, in addition to its existing Israeli R&D center, which employs 750 persons.  EMC intends to expand its Israeli presence, as has been done by Intel (Globes business daily, May 11, 2012).  The Mansfield, MA-based $26BN healthcare giant, Covidien acquired Oridion, an Israeli developer of devices for patients’ breathing safety from $346MN, following its March 19 acquisition of Israel’s SuperDimension for $300MN (Globes, April 6).   J.P. Morgan acquired 7% of Israel’s Conduit for $100MN (Globes, Apri 10).  ProSeibenSat, the German communications giant acquired Israel’s July-August Productions for 10MN Euros (Globes, May 11).

2.  The Israeli-developed processor, Sandy Bridge, was responsible for 40% of Intel’s 2011 global sales.  Intel’s Israeli operations have been responsible for most of Intel’s processor breakthroughs.  Currently, Intel refits one of its two manufacturing plants in Israel with a $3BN investment. Intel-Israel hired additional 700 persons in 2011 and plans to add 600 in 2012, employing 8,000 persons and exporting $2.2BN in 2011, expecting a higher volume in 2012. No one was laid off during the 2008-9 economic slowdown. Israel is the third largest Intel investment, following China and India. During the last 15 years, Intel invested in 64 Israeli companies (“The Times of Israel,” March 20).

3.  Stratasys, the Minneapolis-based manufacturer of 3D printers and production systems for prototyping and manufacturing applications, has merged with Israel’s Objet Ltd., a leading manufacturer of 3D printers for rapid prototyping, forming a global leader in the 3D printing and direct digital manufacturing industry. The equity of the merger is $1.4BN, 45% owned by Objet’s shareholders (Globes, April 17).

4. The Silicon Valley-based Accel Partners invested $14MN in Israel’s DragonPlay (Globes, April 4).  Cisco Systems joined the Cambridge, MA-based Venrock and the Menlo Park-based Benchmark Capital in a $13MN 1st round of private placement by Israel’s Ctera (Globes, mMarch 23).  WPP, the world largest communications service group (158,000 employees in 107 countries) made its first move into E-Commerce, investing $7MN in a 2nd round of private placement by Israel’s MySupermarket (Globes, April 20). Marc Cuban, the owner of the Dallas Mavericks and an entertainment billionaire, invested $3MN in Israel’s Vringo (Globes, April 16).    

 

 

 

 

 




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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