Sign up now to receive our regular news briefs.

The US-Israel Win-Win, Mutually-Beneficial, Two-Way Street

May 12, 2013 7:49 am 0 comments

Facebook logo. Photo: wiki commons.

While struggling to turn around an expanding (5%) budget deficit, Israel sustains its unique role as a pipeline of commercial, defense and homeland security technologies to the US and the Free World. Israeli technologies, shared with the US industry, have enhanced US employment, research & development and exports:

1. Facebook about to acquire Israel’s Waze for $1BN. In January, Waze turned down Facebook’s offer of $500MN (Israel Hayom, May 10, 2013). Warren Buffett completed acquisition of Israel’s Iscar – $2BN for the remaining 20% of Iscar. $4BN was paid for 80% (Globes, May 1). NYC’s KKR Private Equity acquired (from NYC’s Warburg-Pincus Ventures) 75% of Israel’s Alliance Tires Group for $500MN (Globes, April 15). Israel’s Prolor was merged into Miami, FL’s Opko for $480MN (Globes, April 25). San Jose, CA’s Avago Technologies acquired Israel’s Cyoptics for $400MN (Globes, April 12). China’s Fosun Pharma acquired Israel’s Alma Lasers for $240MN (TechTime, April 29). J.P. Morgan sold 21% of Israel’s CaesarStone (held by Israel’s Tene’ Investment Fund) for $170MN, on NASDAQ (Globes, April 15).

2. Japan’s Sony extends its medical tech investments, investing $10MN in Israel’s Rainbow Medical investment fund, joining prior giant investors: Minnesota’s Medtronic, Illinois’ Abbott and Italy’s Sorin. Sony is seeking Israeli acquisitions. Israel is a research & development hub for GE Healthcare, Phillips, Medtronic, Johnson & Johnson, Boston Scientific and Switzerland’s Roche, which have acquired Israeli companies and have invested in scores of Israeli start-ups (Globes, May 9). GE inaugurated a software research & development center in Israel (May 1).

3. London’s Amadeus Capital led a $17MN round of private placement by Israel’s ClickTale (Globes, May 1). Israel’s Micronet Enertec raised $8MN on NASDAQ (May 6). Waltham, MA’s Battery Ventures participated in a $6MN first round of private placement by Israel’s FTBpro (Globes, May 9).

4. The scope of Leviathan’s offshore proven natural gas reserves is larger (19 Trillion Cubic Feet) than expected (17 TCF), according to Yedioth Achronot, May 2).

5. Israel’s unemployment decrease to 6.5%, during the first quarter in 2013, derives from increased integration – by Arabs and ultra-orthodox Jews – into the job market. The average unemployment rate is 10.9% in the EU, 12.1% in the Euro Bloc and 25% among the youth of the Euro Bloc.

6.  “In January, Intel executive Greg Slater noted that many of his company’s major innovations over the past three decades started in Israel—including the latest ‘Ivy Bridge’ and ‘Sandy Bridge’ microprocessors, which accounted for 40% of Intel revenues in 2011….Microsoft’s founder, Bill Gates, said in 2006 that ‘the innovation going on in Israel is critical to the future of the technology business….’Scores of major U.S. manufacturers—from General Electric to General Motors, Microsoft, IBM, Google, Apple and others—have R&D centers and technology incubators in Israel…. Israel [contributes] to the U.S. economy thousands of skilled professionals, hundreds of joint patent applications, and hundreds of coauthored scientific and technical papers…. (Wall Street Journal, March 21, 2013).”

Leave a Reply

Please note: comments may be published in the Algemeiner print edition. Comments written in all caps will be deleted.


Current day month ye@r *

More...

  • Arts and Culture First English-Language Trailer Debuts for Natalie Portman’s Hebrew Film ‘A Tale of Love and Darkness,’ Based on Amos Oz’s Memoir (VIDEO)

    First English-Language Trailer Debuts for Natalie Portman’s Hebrew Film ‘A Tale of Love and Darkness,’ Based on Amos Oz’s Memoir (VIDEO)

    The first English-language trailer for Natalie Portman’s directorial debut — A Tale of Love and Darkness — based on Israeli author Amos Oz’s memoir, was released on Thursday. The movie, originally filmed in Hebrew, tells the story of Oz’s childhood in Jerusalem at the end of the British Mandate and the early years of Israel’s independence. Portman, who was born in Israel and speaks fluent Hebrew, plays the lead role of Fania, the author’s mother. She struggles to raise her son as she deals with inner demons, a […]

    Read more →
  • Features As Berlin Prices Rise, Israelis Turn East for German Real-Estate Bargains

    As Berlin Prices Rise, Israelis Turn East for German Real-Estate Bargains

    JNS.org – Sonnenallee, a street in Berlin’s Neukölln district, looks like it comes straight out of an Arab city — so much so that it goes by the nickname “Gaza Strip.” Kebab and bakery shops are advertised in Arabic; men sit in men-only coffee shops; and bridal shop windows showcase glittery, not-so-stylish gowns. But take a random turn, and you’ll find a swath of bars, burger joints, and Indian restaurants where hip Berliners announce that they have arrived to urban coolness. […]

    Read more →
  • Arts and Culture Israeli Actress Gal Gadot Slays in ‘Wonder Woman’ Trailer (VIDEO)

    Israeli Actress Gal Gadot Slays in ‘Wonder Woman’ Trailer (VIDEO)

    Israeli actress Gal Gadot engages in fierce action sequences in the new Wonder Woman trailer, which Warner Bros. premiered during the San Diego Comic-Con on Saturday. The nearly 3-minute trailer, the first to debut for the superhero film, shows scenes of Diana, princess of the Amazons, fighting alongside men in the battle against the world’s toughest enemies. The first shot of the video shows Wonder Woman discovering a man, Steve Trevor (played by actor Chris Pine), washed ashore. The clip then takes viewers to the all-female island where Wonder Woman was born. […]

    Read more →
  • Arts and Culture A Theatrical Look at Diplomacy and the Oslo Accords (REVIEW)

    A Theatrical Look at Diplomacy and the Oslo Accords (REVIEW)

    Is diplomacy worthwhile, even if the end result isn’t what we hoped for? That is the question, among many others, posed by the new play Oslo, by J.T. Rogers. Making its New York debut at Lincoln Center, the play examines the secret diplomatic process that led to the historic 1993 peace accords. The character of Shimon Peres makes an appearance onstage — and he, along with Yitzhak Rabin and Yasser Arafat, tower over the proceedings. But they mainly do so in absentia. Instead, […]

    Read more →
  • Spirituality/Tradition Sports Israeli Trailblazer Dean Kremer Brings Jewish Values to Nascent Pro Baseball Career

    Israeli Trailblazer Dean Kremer Brings Jewish Values to Nascent Pro Baseball Career

    JNS.org – Other than being part of the Los Angeles Dodgers organization, Sandy Koufax and Dean Kremer have something else in common: a respect for Jewish tradition. Koufax — who was recently ranked by ESPN as the best left-handed pitcher in Major League Baseball (MLB) history — decided not to pitch Game 1 of the 1965 World Series because the game fell on Yom Kippur. “I would do the same,” Kremer said in an interview. Last month, the 20-year-old Kremer became […]

    Read more →
  • Arts and Culture Lead Guitarist of British Rock Band Queen Asks Adam Lambert to Sing in Hebrew During Upcoming Israel Concert

    Lead Guitarist of British Rock Band Queen Asks Adam Lambert to Sing in Hebrew During Upcoming Israel Concert

    The famed lead guitarist of British rock band Queen, Brian May, encouraged Jewish singer-songwriter Adam Lambert to perform in Hebrew during their upcoming joint concert in Israel, an entertainment industry advocacy organization reported on Tuesday. During a recent interview with Israeli television personality Assi Azar, May was played a 2005 video of Lambert singing the popular song Shir L’Shalom, (Song for Peace). May was so impressed by Lambert’s singing of the Hebrew track that he told the American singer, “We have to do that. Let’s […]

    Read more →
  • Sports Kenyan Marathoner to Compete for Israel in Rio Olympics

    Kenyan Marathoner to Compete for Israel in Rio Olympics

    JNS.org – Kenyan-born marathoner Lonah Chemtai is expected to compete for Israel at the Olympics Games in Rio De Janeiro, Brazil next month after gaining a last minute approval. “I am very proud [to represent Israel] and I hope to achieve a new personal best time,” Chemtai told Reuters. Chemtai, who grew up a rural village in western Kenya, first came to Israel in 2009 to care of the children of her country’s ambassador to Israel. The 27-year-old runner recently gained […]

    Read more →
  • Arts and Culture Jewish Identity Will Laughs Lead to Love on Show About Orthodox Dating?

    Will Laughs Lead to Love on Show About Orthodox Dating?

    To date or not to date? That is not the question for most Modern Orthodox singles in New York. The question is when will they find their future spouses, and when will their families stop nagging them about having babies? Inspired by the success of the Israeli show “Srugim,” Leah Gottfried, 25, decided she would create and star in her own show, “Soon By You.” “Dating is so serious already,” Gottfried said. “We wanted to take a lighter approach and laugh at the […]

    Read more →