High-tech in Israel: from bust to boom
The high-tech sector in Israel is booming once again, with the amount of workers this year reaching levels just shy of those seen before the dot com bust. Intel, the world's leading computer chip maker and one of Israel's largest private sector employers, announced it plans to spend $3.5 billion dollars to build another Israel-based plant.
Read the full article from News.com.
Things have come a long way for Israel. As the story says:
"...in 2000, Israel was hit not only by the dot-com collapse, but also by the Palestinian uprising, which drove away foreign players who had been crucial to high-tech development here."
Now, Israel's economy is growing steadily, with the tech sector playing a vital role.
"Israel now has more than 70 companies listed on the Nasdaq, more than any other country outside of the United States."
Yet another sign that the technology sector is doing well worldwide. And being Jewish (though I am American born and I have yet to visit Israel), a testament to the Jewish state's growing contribution to the information revolution.
Loved this report. It awakened in me the desire to learn more! I have been reading up and all I can say is that Google deserves all of it's success!
Love this site Dov. I have an idea for you that you've probably already thought of, but I'd like to run it by you tomorrow! (At Aunty Vickey's on Shabbos!)
Hope you had fun tonight!
Love,
Shloim
P.S. I posted to the wrong thing but whatever =).
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