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Intel purchased the Israeli company Habana Labs for $2 billion in one of the biggest deals in startup nation this year.
By TPS
Intel Corporation acquired the Israeli startup Habana Labs for $ 2 billion, the tech giant announced Monday, in one of the largest hi-tech exits in Israel in 2019.
Established in 2016, Habana Labs specializes in the development of Artificial Intelligence (AI) chips.
Habana will remain an independent business unit and will continue to be led by its current management team.
“The combination strengthens Intel’s artificial intelligence (AI) portfolio and accelerates its efforts in the nascent, fast-growing AI silicon market,” Intel stated.
Yuval Rotem, Director General of Israel’s Ministry of Foreign Affairs said that the acquisition was “another vote of confidence in the Israeli tech industry, which continues to create innovative products and solutions used world-round!”
This is Intel’s second-largest acquisition in Israel after it purchased Mobileye a little less than three years ago for $15 billion.
Bring Joy to Israeli Soldiers - Send Winter Care Packages!
We are honored to thank the young men and women of the IDF who risk their lives every day to defend the citizens of Israel.
Join us in sending winter care packages and personal notes of support to Israeli soldiers who are out in the cold all day.
Warm up a soldier's heart with essential winter wear including fleece jackets, hats, gloves and more. Keep an entire unit warm!
THE SOLDIERS REALLY APPRECIATE YOUR LOVE AND CONCERN!
Click Here to Send Your Gift and Personal Note to Israeli Soldiers
Send Passover Packages to Needy Israeli Soldiers - Bring Them Joy!
We are honored to thank the young men and women of the IDF who risk their lives every day to protect the citizens of Israel. Since October 7th, soldiers have been on the battlefield for months - many are hoping to come home for Passover.
Join us in sending Passover food packages (and personal notes) to Israeli soldiers and their families.
Many soldiers spend the Passover holiday with needy families back home. The soldiers greatly appreciate your love and concern. Bring them Passover joy!
CLICK HERE TO SEND YOUR PACKAGE AND NOTE TO ISRAELI SOLDIERS!
