Just this March, Intel, the world’s leading producer of microprocessors, purchased Mobileye, a Jerusalem-based startup for $15.3 billion, the largest buyout in the country’s short history.
During 2016, 104 Israeli startups were purchased by renowned tech companies totaling a whopping $10 billion. According to the local financial magazine IVC-Meitar, buyouts of Israeli technological firms totaled $8.9 billion in 2015, $9.8 billion in 2014, $7.3 billion in 2013, and $11.4 billion in 2012. Wars, turmoil or terror in the neighboring Arab nations cannot stop the creativity, ingenuity and scientific development in the Jewish state.
“Israeli tech is improving our world,” says Microsoft co-founder Bill Gates. Legendary investor Warren Buffett commented, “If you’re going to the Middle East to look for oil, you can skip Israel. If you’re looking for brains, look no further. Israel has shown that it has a disproportionate amount of brains and energy.”
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