Apple to Build Semiconductor R&D Center in Israel?
In the wake of reports that Apple is considering the purchase of Israeli firm Anobit, Israeli financial newspaper Globes reports that Apple plans to set up its first research and development center outside of its Cupertino headquarters.
Sources inform "Globes" that Apple Inc. has decided to open a development center in Israel focusing on semiconductors. The decision was taken even before the company entered into talks to acquire Herzliya-based flash storage solutions provider Anobit Ltd..Globes also claims Aharon will spend several months at Apple's headquarters and will return to Israel to set up the research center whether or not Apple purchases an Israeli company.
Apple has hired Aharon Aharon, a veteran player in Israel's high tech industry, to lead the new development center.
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Aharon Aharon comes to Apple with a varied background that will assist him in setting up a semiconductors operation for a foreign company. His most high-tech venture was Camero Tech Ltd., which develops Radio Frequency (RF) based imaging systems, and which he founded in 2004 with Amir Beeri. Aharon serves as chairman of Camero Tech. Before that he was chairman of embedded security solutions developer Discretix Inc. and managed their Israel development center. Earlier still he was VP operations at Zoran Corp. (Nasdaq: ZRAN), having begun his career at IBM's Haifa development center where he reached the post of deputy director.
Both Globes and Israeli business paper Calcalist report [translation] that Apple vice president Ed Frank has been taking meetings with high-tech companies in Israel ahead of the announcement of the development center. A number of other US tech firms have research centers in Israel, including Intel, Google, IBM, Microsoft.
Top Rated Comments
(View all)I agree. I am keeping politics out of it. I am just slightly concerned that one of my larger holdings is investing in a war zone. (Not that I don't own a few Israeli stocks, I just like to keep it out of the mainstream part of my portfolio.)
I travel to Israel for business and pleasure several times a year and not once did I ever witness anything unsafe. In fact, I feel more unsafe in parts of NYC than I ever did anywhere in Israel. Herzliya where all the tech centers exist, (kind of Israel's silicon valley) is extremely safe. Why else would Google, Intel, IBM, Microsoft, and TI have offices there (I think TI since closed up shop but not due to terrorism)
Im not sure if apple should develop anything in Israel based off the conflicts in that area, I'm just thinking that even though that company is based there moving the company and building a center in a country with less tensions might be a better idea.
Intel, Motorola, and a number of other high-tech companies have R&D in Israel. I think it's about a half-hour north of Tel Aviv, is a small city that's the "Silicon Vally of Israel".
It's a very stable area. Most of the news reports find that reporting, "And nothing happened today" doesn't get them viewership, so you get reports of terrorism, etc. I have visited and felt safer in the country than most other places— the West Bank and Gaza Strip excepted. At the risk of this becoming political, the country is very stable outside of those two area and arguably relatively stable in those areas when you look over the last 100 years!
The regional tensions are an issue, but to a certain extent they are background noise - Israel's high-tech sector is concentrated on the Mediterranean coast where suicide terrorism has really not been an issue in recent years. Another prolonged conflict with Hezbollah would definitely create chaos (the last one in 2006 shut down much of the north of Israel for a few weeks) but the day to day events of the Israeli-Palestinian conflict aren't necessarily felt much in the bubble of Tel Aviv or Haifa. On the other hand, conflict does tend to have a dampening effect on economies, so there's an opportunity to pick up very talented people without as much competition as there is in, say, Silicon Valley.
If Russia ever gets a legitimate rule of law, look for Apple to move in fast.
All the smart Russians have already moved to Israel (possibly the first time in history that people have pretended to be Jewish to escape persecution).[ Read All Comments ]
