Israel — a global leader in bio-tech and defense products
Ambassador (ret.) Yoram Ettinger, “Second Thought: US-Israel Initiative”
Straight from the Jerusalem Boardroom #176,Â June 14, 2013,Â http://bit.ly/ZIzfAZ
1.Â GoogleÂ is acquiring Israel’s Waze for $1.1BN.Â Â MicrosoftÂ controls 10% of Waze. Google acquired, in 2012, two Israeli start ups for $25MN (Globes Business Daily, June 10, 11, 2013). Â China’s Fussonacquired Israel’s Alma Lasers for $221MN (Globes, May 29).Â Â Singapore’s Biosensors Internationalacquired Israel’s Spectrom for $51MN (Globes, May 24).Â The Pennsylvania-based $3.2BNÂ Teleflexacquired Israel’s Eon Surgical for over $20MN (Globes, June 11).
2.Â France’s National Electric Company has invested $400MN in Israel’s solar market (Globes, June 5).
3.Â TheÂ Norwegian Sovereign Wealth Fund, the largest investment fund in the world (funded by Norway’s oil explorations), has invested $686MN in the Tel Aviv stock exchange, $$552MN during the last four years (Globes, June 10).
4.Â Â Israeli R&D is present in 20.5% ($24.6BN) of all global bio-tech products ($120BN)Â — a symptom of the rapidly growing Israeli bio-tech sector and the flow of global giants establishing R&D centers in Israel (Globes, June 7).
5.Â The largest defense contractor in the USA,Â Lockheed-Martin, is establishing a computer center in Israel, jointly with Israel’s Binat (Globes, June 5). Â Israel is the world largest exporter of Unmanned Aerial Vehicles (UAVs)Â – $4.6BN during the last eight years.Â This export is expected to grow 5%-10% annually until 2020. Israel’s defense exports exceed $6BN annually, 10% of which consists of UAVs (Globes, May 24).
6. Â Israel’s KMDA raised $50 onÂ NASDAQÂ (Globes, June 3).Â Israel’s AlCobra raised $25MN onNASDAQÂ (Globes, May 23).Khosla VenturesÂ led a $24MN round of private placement by Israel’s HeathTap, joined byÂ Mayfield FundÂ andÂ Mohr Davidow VenturesÂ (Globes,Â May 13). Â Intel Capitalinvested in Israel’s Reduxio (Globes, June 4).
7.Â “Israel is helping the USÂ meet the economic, environmental and non-military security (EG. cyber security) challenges of the future…. Israeli experts and start-ups regularlyÂ partner with USÂ firms to develop applications such as instant messaging, Internet telephony and data-mining.Â Â Intel’s executive, Greg Slater, noted that many of his company’s major innovations over the past three decades started in Israel, including Ivy Bridge and Sandy Bridge micro-processors, which accounted for 40% of Intel revenues in 2011….Â Bill GatesÂ said that the ‘innovations going on in Israel are critical to the future of the technologyÂ business….’ Â Israel accounted for about 25% of US exports to the Middle EastÂ in 2011… equaling or surpassing those to oil-rich Saudi Arabia…. Israeli firms have set up manufacturing plants [in the USA] thatÂ employ tens of thousands of Americans…. Israel is a top innovatorÂ in the technologies of modern warfare — cyber, unmanned vehicles, robotics, missile defense — an important source of innovations for the US defense contractors and troops….Â Israel is also a world leader inÂ micro-irrigation, wastewater management and reverse-osmosis desalination….Â Israeli [knowhow] is helping the USÂ promote nation-building at home and security and sustainability abroad (Wall Street Journal, March 21, 2013Â Michael EisenstadtÂ andÂ David Pollock, the Washington Institute for Near East Policy).
Shabbat Shalom and have a pleasant weekend,
Yoram, Jerusalem, Israel