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IBM acquires its 13th Israeli company

1. IBM acquired Trusteer for $700MN, its 13th Israeli acquisition (Globes Business Daily, August 16, 2013).

2. Warren Buffett defined Israel as “the leading, largest and most promising investment hub outside the United States.”   Bill Gates stated that “innovation going on in Israel is critical to the future of the technology business.” Israeli firms comprise 16 percent of the high tech companies in Massachusetts, second only to firms from India. About 200 Israeli startups are located in NY City (
USA Today, June 17, 2013).  

3. The Santa Clara-based Seagate led a $23MN round of private placement by Israel’s eASIC (Globes, August 7). The Boston-based Bessemer Partners led a $16MN round of private placement in Israel’s Qwilt, joined by the Silicon-based Accel Partners and the Menlo Park-based Redpoint Ventures (Globes, July 31).  The Silicon Valley-based Battery Ventures led an$11MN round by Israel’ Cyvera (Globes, August 15). The Menlo Park-based Draper Fisher Jurvetson co-led a $10MN round by Israel’s Superfish (Globes, July 31). A Singapore-based venture capital fund invested $6.6MN in Israel’s Trax. GE invested a few million dollars in Israel’s ThetaRay – GE first non-biotech Israeli investment (Globes, August 6). Toshiba invested $3MN in Israel’s Zadara (Globes, August 2). 

4. Major indicators of Israel’s economy:  2012 GDP growth – 3.1%; 2012 public debt  – 73% of GDP, compared with 79% in 2009;  2012 unemployment – 6.8%; 2012 inflation – 1.6% (Prof. Nissim Ben David, Jezreel Valley College, Globes, July 8).

5. Asia is becoming Israel’s new frontier (
Forbes, May 14, 2013, Jonathan Adelman & Asaf Romirowsky): “Scientifically, Israel has emerged as a high tech superpower, thereby very attractive to Asian high tech [powers in Bangalore, Xinchu Park and Beijing Silicon Valleys]…. Militarily, the Israeli military, a world leader in anti-missile technologies, UAVs and $5BN of military exports, is attractive to Asian countries developing their own militaries as they rise economically…. Israel has developed strong relations with China and India. Both…have major Israeli embassies in their capitals, as well as consulates in their leading cities. Militarily, Israel is the second biggest arms exporter to India today…. In 2004, India launched a 300 kilogram Israeli satellite in orbit, which dramatically increased Israeli intelligence gathering capabilities against the Iranian nuclear program with clear images in all kinds of weather…. Israeli intelligence works closely with Indian intelligence against radical Islamic threats…. While China also battles Islamic fundamentalism in Xinjiang Province…. Economically, Israel claims $5BN worth of trade with India and over $8BN with China…. Israel is working with India on the framework for a Free Trade Zone that within five years could triple annual exchange between producers in each country to $15BN…. Israel has developed diplomatic relations with a large range of Asian countries. It has extensive trade with a number of these nations – ranging from $2BN with Japan and South Korea to several hundred million dollar worth of trade with Vietnam. It has growing economic and educational ties with Singapore. Israel has developed strong relations too with a series of newly independent states formerly part of the USSR, including Uzbekistan and Azerbaijan. It seems as China and India have risen economically, so has Israel’s global status.”
 



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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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