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Following Google: Amazon will also develop its new chip in Israel
The chip race has begun, and Israeli R&D is tasked with their development. Amazon s 2015 acquisition of Israeli startup Annapurna Labs to lead chip development. Oshry Alkeslasi / 4 Apr 2021 • 2 min read
As chip scarcity highlights the news, tech giants have started to route massive resources to Israel to pioneer the next wave of global chip development. Intel, which has been part of the Israeli chip R&D scene for many years, and more recent NVIDIA, which leans on its acquisition of Israeli company Mellanox, are soon to be joined by Google and Microsoft - who have also announced plans to establish chip R&D factions in Israel. According to recent reports, Amazon’s new chip will also be developed at the company’s Israeli R&D center.
Israeli chip co Xsight Labs raises over $100m
The Kiryat Gat-based company aims to deliver end-to-end connectivity solutions for cloud infrastructure.
Israeli fabless semiconductor Xsight Labs has announced the closing of its Series D financing round led by Valor Equity Partners and Atreides Management with the participation of new investors Fidelity Management & Research and Accton Technology and existing investors Battery Ventures, Intel Capital, M12 Microsoft’s Venture Fund and Xilinx, increased their investments.
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The specific amount raised by Xsight Labs was not disclosed but founding investor Avigdor Willenz said, Xsight Labs’ Series D was significantly oversubscribed and is the largest round ever raised by our group. The completion of this round will help Xsight Labs execute its ambitious vision of delivering end-to-end connectivity solutions for cloud infrastructure.
Operator
Good afternoon. My name is Rob and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] Thank you.
I will now turn the call over to Alan Lindstrom, Senior Group Director of Investor Relations for Cadence. Please go ahead.
Alan Lindstrom
Senior Group Director, Investor Relations
Thank you, Rob. I would like to welcome everyone to our fourth quarter 2020 earnings conference call. I am joined today by Lip-Bu Tan, Chief Executive Officer; Anirudh Devgan, President; and John Wall, Senior Vice President and Chief Financial Officer.
Results for
The week that was in Israel s innovative tech ecosystem
As COVID vaccines light the way to a new year, the future is looking mighty bright for Israel s tech ecosystem. Dor Schwartz / 21 Dec 2020 • 4 min read
As the holidays approach you would think that Israel s startups would cool off on the announcements, but it seems that even the holiday season can t slow down innovation and funding in one of the world s leading tech ecosystems.
From new Unicorns to major market partnerships, Israeli startups close out the year on a very high note, with the gift under the tree being a LiDAR company heading for a NASDAQ IPO.