Israel hi-tech industry booming

Wednesday, December 28, 2005 | 
Israel's hi-tech industry has had its best year since the dot-com implosion and outbreak of the intifada in 2000, according to a news report. The New York Times said that 2005 was the best year for Israel's hi-tech industry since 2000. Intel’s $3.5 billion investment in a new factory in Kiryat Gat is one example of the industry’s improvement. Israel has about 70 companies registered on Nasdaq, more than any other country in the world outside the United States. According to the central Bureau of Statistics, the number of hi-tech employees in Israel hit a record of more than 66,000 workers in 2000, and then dropped to 53,000 by 2003, but has increased and now stands at 61,000.

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