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.


Current day month ye@r *

More...

  • Music US & Canada Lady Gaga Accepts ADL Award: ‘Your Philosophies Are So in Line With Ours’ (VIDEO)

    Lady Gaga Accepts ADL Award: ‘Your Philosophies Are So in Line With Ours’ (VIDEO)

    Pop superstar Lady Gaga on Thursday accepted an award from Jewish human rights group the Anti-Defamation League (ADL) on behalf of her Born This Way Foundation, which strives to combat bullying among young people. “Your philosophies are so in line with ours,” she said of the ADL upon accepting the Making a Difference Award in a videotaped message, which was shown at a ceremony in New York City. “We want to help young people know that their feelings and who they are on [...]

    Read more →
  • Music Personalities At 80, Singer-Songwriter Leonard Cohen’s Jewish Roots ‘Very Much Intact’

    At 80, Singer-Songwriter Leonard Cohen’s Jewish Roots ‘Very Much Intact’

    JNS.org – Eighty years young, Leonard Cohen fits many descriptions—singer, songwriter, poet, novelist, monk. From his Jewish upbringing in Canada to the present day, Cohen has always explored his spiritual side. This month, the singer-songwriter released the CD (May 12) and iTunes (on May 8 of this year) formats of his latest album, Can’t Forget: A Souvenir of the Grand Tour, which features live recordings from his world tours in 2012 and 2013. Last year, Cohen’s Popular Problems was voted by Rolling Stone [...]

    Read more →
  • Europe Sports FIFA Head Says Israel Should Not be Booted From World Soccer Association

    FIFA Head Says Israel Should Not be Booted From World Soccer Association

    JNS.org – Fédération Internationale de Football Association (FIFA) head Sepp Blatter said during a meeting with Israeli Prime Minister Benjamin Netanyahu that contrary to Palestinian complaints, Israel has not violated any FIFA statutes and should not be suspended from international soccer’s governing body. “We should not come to one federation saying we will exclude them,” said Blatter, the Jerusalem Post reported. “If the national association is fulfilling its obligations then there is no need to intervene,” he said. “I’m on a [...]

    Read more →
  • Featured Middle East Sports Jewish Rights Group Slams Palestinian Attempts to Suspend Israel From FIFA

    Jewish Rights Group Slams Palestinian Attempts to Suspend Israel From FIFA

    Jewish human rights group the Simon Wiesenthal Center (SWC) said on Tuesday it was “appalled” by a Palestinian Football Association initiative to suspend Israel from FIFA, calling it another “front waged in the context of the Palestinian Boycott, Divestment, Sanctions (BDS) campaign.” “We are appalled at the temerity of the Palestinan Football Association (PFA) demand that FIFA suspend Israel at your forthcoming Congress in Zurich,” wrote the group’s international relations director, Dr. Shimon Samuels, in a letter to FIFA President Joseph [...]

    Read more →
  • Theater US & Canada Star of Auschwitz Thriller Says ‘God Was Holding the Hand of Every Jew in the Gas Chamber’ (VIDEO)

    Star of Auschwitz Thriller Says ‘God Was Holding the Hand of Every Jew in the Gas Chamber’ (VIDEO)

    The lead actor in Son of Saul, an Auschwitz thriller featured at this year’s Cannes Film Festival, told the UK’s The Guardian that he believes God was “holding the hand” of each Jew who died in the Nazi gas chambers during the Holocaust. “I do not for one nanosecond like to pretend that God is off the hook. He could and should have stopped it at a much earlier stage,” Géza Röhrig, 48, said. ”But I would not be able to get [...]

    Read more →
  • Music Backstreet Boys Singer Howie D Gushes Over Masada During Israel Trip

    Backstreet Boys Singer Howie D Gushes Over Masada During Israel Trip

    Backstreet Boys singer Howie Dorough took to Instagram on Tuesday to marvel about climbing the famed Masada fortress with his band during their visit to Israel, where they will perform this week for the first time. The group’s second day of sightseeing in the Jewish state included the Masada hike, and taking a mud bath at the Dead Sea. A picture from the band’s official Twitter page shows the five singers covered in mud. While relaxing in the Dead Sea, [...]

    Read more →
  • Book Reviews US & Canada ‘Arms and the Dudes:’ New Book, Film Detail How Ex-Orthodox Yeshiva Guys Became Top Suppliers for Afghan Army

    ‘Arms and the Dudes:’ New Book, Film Detail How Ex-Orthodox Yeshiva Guys Became Top Suppliers for Afghan Army

    A new book and its upcoming film adaptation tell the true story of how three former yeshiva students who habitually smoked marijuana scored a $300 million contract from the U.S. government to supply weapons for the Afghan Army, the New York Daily News reported on Sunday. Arms and the Dudes details how the Miami Beach potheads became “the most unlikely gunrunners in history,” according to the book’s author, investigative reporter Guy Lawson. The tale begins with Efraim Diveroli, nephew of [...]

    Read more →
  • Blogs Theater Natalie Portman: Israel-Themed ‘A Tale of Love and Darkness’ Not Political

    Natalie Portman: Israel-Themed ‘A Tale of Love and Darkness’ Not Political

    JNS.org – Natalie Portman, who directs and stars in the new Hebrew-language film adaptation of author Amos Oz’s A Tale of Love and Darkness, says that despite Oz’s record as a vocal left-wing critic of Israel, her film is not political. Like the book on which it is based, Portman’s film is about a young boy at the time of the founding of the state of Israel. “I think the movie is very much about this very particular, specific family story. Of [...]

    Read more →



Sign up now to receive our regular news briefs.