As we said Israel 'punches above its weight" in many areas and thus has influence..
The secret of Israel's high-tech success
From The Economist print edition
THIS week's initial public offering (IPO) by Saifun, an Israeli chip-design firm, on the NASDAQ exchange was one of the biggest flotations by an Israeli company in America for years. Saifun has developed a new, more compact form of flash memory, demand for which is booming as the storage capacity of mobile phones, music players and other portable devices increases. It has already licensed its technology to companies including Sony, Infineon and Fujitsu, and is expected to sign a deal with Samsung soon.
Having been valued by the IPO at $675m, Saifun now joins a list of globally successful Israeli technology firms such as Amdocs, Check Point and Comverse. Indeed, Israel is third only to America and Canada in the number of companies listed on NASDAQ, and the country attracts twice the number of venture-capital (VC) investments as the whole of Europe, according to Ed Mlavsky, a veteran of the Israeli technology industry and the chairman and founder of Gemini, a big Israeli VC fund that was one of the investors in Saifun. In 2003, 55% of Israel's exports were high technology, compared with the OECD average of 26%. Tech giants such as IBM, Motorola and Cisco have research centres in Israel, which is also where Intel developed its Centrino chip. Not bad for a country with a population of 6.9m. …
As we said Israel 'punches above its weight" in many areas and thus has influence..
The secret of Israel's high-tech success
From The Economist print edition
THIS week's initial public offering (IPO) by Saifun, an Israeli chip-design firm, on the NASDAQ exchange was one of the biggest flotations by an Israeli company in America for years. Saifun has developed a new, more compact form of flash memory, demand for which is booming as the storage capacity of mobile phones, music players and other portable devices increases. It has already licensed its technology to companies including Sony, Infineon and Fujitsu, and is expected to sign a deal with Samsung soon.
Having been valued by the IPO at $675m, Saifun now joins a list of globally successful Israeli technology firms such as Amdocs, Check Point and Comverse. Indeed, Israel is third only to America and Canada in the number of companies listed on NASDAQ, and the country attracts twice the number of venture-capital (VC) investments as the whole of Europe, according to Ed Mlavsky, a veteran of the Israeli technology industry and the chairman and founder of Gemini, a big Israeli VC fund that was one of the investors in Saifun. In 2003, 55% of Israel's exports were high technology, compared with the OECD average of 26%. Tech giants such as IBM, Motorola and Cisco have research centres in Israel, which is also where Intel developed its Centrino chip. Not bad for a country with a population of 6.9m. …