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TECH ISRAEL
Updates from Silicon Wadi on
Friday, July 3, 2026
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Strong shekel makes Israeli tech workers pricier than their US counterparts, study shows
By
Sharon Wrobel
Lobby of Israeli tech firms warns that local tech talent is losing its competitive edge, as higher salary costs due to the strong shekel threaten to drive out future innovation
Radar tech AI startup clinches deal for drone attack warning system to Israeli army
By
Sharon Wrobel
As part of the deal, Magos will supply hundreds of its radar-based detection systems to protect ground forces against approaching unmanned aerial threats, including fiber-optic drones
Investment in Israeli health tech startups plunged 40% in 2025 – report
By
Sharon Wrobel
While the global industry saw a resurgence in private funding, investments in Israeli startups hit a five-year low amid geopolitical uncertainty
Smotrich says strong shekel will be 'the new normal'
Israel rolls out NIS 1.6 billion aid plan for tech sector hit by rapid shekel surge
By
Sharon Wrobel
Government says program will help extend eroded financial runway of startups and export companies and enable them to maintain and expand their R&D centers and operations in Israel
Israel ranks 18th in global wealth list as 8,800 Israelis become new millionaires
By
Sharon Wrobel
UBS report finds Israel is home to 195,000 millionaires at the end of 2025, an increase of 4.7% over 2024; while average wealth rose, inequality has deepened since 2020
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