CTech's Wednesday Roundup of Israeli Tech News
Intel's Mellanox bid was off by a few dollars per share, says Intel Capital's president; Warburg Pincus looks to boost acquired Israeli credit card with $277 million investment
15:0103.04.19
Intel's Mellanox bid was off by a few dollars per share, says Intel Capital's president. In March, Nvidia agreed to pay $125 per share for Israeli chipmaker Mellanox, for a total of $6.9 billion. Read more
Eyal Waldman. Photo: Omer Moshe
Warburg Pincus looks to boost acquired Israeli credit card with $277 million investment. The New York-headquartered private equity firm completed the $640 million acquisition of Leumi Card in February, renaming it Max. Read more
Eyal Waldman. Photo: Omer Moshe Beijing Capital International Airport to use radar technology by Israel’s Xsight Systems. The Israeli company develops foreign object detection systems based on sensors and artificial intelligence algorithms. Read more
Arm to let employees go as part of global re-alignment of its IoT group. The company is currently in the process of laying off several dozen Israeli employees, according to one person familiar with the matter. Read more
Another former Israeli prime minister hops on the cannabis bandwagon. Former Israeli Prime Minister Ehud Olmert is joining Tel Aviv-listed medical cannabis company Univo. Read more
Former Frutarom CFO joins Ehud Barak’s cannabis company. Alon Granot was appointed deputy chairman of Israeli cannabis cultivator Canndoc. Read more
Indian e-commerce company flipkart to set up Tel Aviv research center, report says. Indian daily newspaper The Economic Times reported Tuesday that Flipkart is setting up an Israeli center focused on cybersecurity and cloud technology. Read more
Autotalks completes successful field test in China. The auto communications chip startup established a local presence in China late last year. Read more
Juul withdraws petition against Israeli marketing ban of its full-nicotine pods. Spearheaded by Prime Minister Benjamin Netanyahu, a December law forbids the selling and marketing of vaping products with a nicotine content of over 20 milligrams. Read more
Gambling company Ladbrokes Coral to shut down Tel Aviv office. The company’s 140 employees in Israel will either be let go or offered relocation to one of the company’s global offices. Read more
Customer engagement company Como lays off 45 employees. Como touts Burger King, Papa John’s, and Dairy Queen as customers. Read more
