Live Update
From the Liveblog of
Monday, March 13, 2017
Intel-Mobileye deal a source of national pride: science minister
Science and Technology Minister Ofir Akunis says Intel’s $15 billion purchase of Israeli car technology firm Mobileye is a source of national pride, and a sign of the country’s tech prowess.
“Israel is a superpower in knowledge, technology and innovation. The fact that large international companies see potential in Israel and are seeking to acquire Israeli companies that lead their prospective fields is a source of national pride for our technological strength,” he says.
The deal is said to be the largest ever cross-border acquisition for an Israeli tech firm.
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