Israel Active

Israel's exports to Turkey are currently surpassing 2013’s record level. In the first fiscal quarter of 2014 there was a surge of nearly 25% to $949.2 million, compared to the same period in 2013.

(Thanks to Israel21c) Yahoo has bought an Israel-based startup specializing in streaming high-quality video to computers and mobile devices. RayV will become part of the Yahoo’s research and development team in Tel Aviv.

Multinational Qualcomm has bought Israeli startup chip designer Wilocity in order to bring a faster, short-distance wireless technology to mobile devices. Wilocity pioneered Wireless Gigabit chips - known as WiGig, which transmit data at speeds that can remove the need for physical cables.

(Thanks to Israel21c) Gartner, a leading provider of research and analysis on the global information technology industry, has acquired Israel’s Senexx, a cloud-based questions and answers platform that identifies and manages expertise within organizations. Senexx will enhance Garner’s web search capability.

Following its January investment, the Binational Industrial Research and Development (BIRD) foundation has invested a further $9 million in 11 more Israeli-American cooperative projects. They cover 3D printing, agro-technology, information security, and homeland security.

Egypt’s Minister of Petroleum and Mineral Resources Sherif Ismail does not mind allowing British BG Group to import gas from Israel. “Whatever is in Egypt’s interest must be implemented immediately as we are dealing with an energy crisis,” the minister said.

Israeli integrated circuit manufacturer TowerJazz will open a new office in Kyoto, Japan to support its venture with Panasonic. TowerJazz Panasonic Semiconductor Company already has 3 factories in Japan.

Twenty innovative Israeli Information and Communications Technology companies exhibited under the Israel National Pavilion at Asia’s most established ICT, broadcast and digital multimedia trade event. 50,000 people attended the four-day event in Singapore.

Israel’s Ministry of Science, Technology and Space plans to establish a new NIS 150 million a year fund (NIS 500,000-750,000 per project) to support applied research in engineering. The initiative is designed to alleviate Israel’s current shortage of engineers.

Israel’s Haifa Group, manufacturer of fertilizers for agriculture and chemicals for the food industry, is to build a new controlled-release fertilizer manufacturing facility in Savanah, Georgia. The company will invest a reported $12 million and create about twenty new jobs.