The HIGH TECH Industry in Israel // Successful Israeli companies

Summary

In this video, we explore Israel's thriving high-tech industry and the concept of 'exits,' where startups are acquired by larger corporations. The video highlights notable Israeli exits, such as Waze, Mobileye, Playtica, Viber, and Mellanox, showcasing their global impact. Waze, for example, revolutionized navigation and even influenced everyday language in Israel. Other companies, like Mobileye and Mellanox, have contributed to advancements in autonomous vehicles and technology. The video sheds light on how high-tech drives Israel’s economy and the global success of these innovative companies.

Takeaways

• 😀 High-tech in Israel is often referred to as the locomotive of the Israeli economy, meaning it is the strongest sector driving the country's economic growth.
• 😀 'Exitim' refers to the process where a start-up or company is bought by a larger corporation, commonly referred to as an 'exit' in Israel.
• 😀 One of the most notable exits in Israel's high-tech sector was Waze, an app used for car navigation, which was bought by Google.
• 😀 The expression 'recalculating route' from the Waze app has entered everyday Israeli language, symbolizing the need to adjust plans when faced with a change in circumstances.
• 😀 Mobileye, a company based in Jerusalem specializing in autonomous vehicle technologies, was sold to Intel in the largest financial exit in Israel's history.
• 😀 Playtica, a successful gaming company, was purchased by a Chinese corporation linked to Alibaba and has expanded globally with branches in 18 countries.
• 😀 Viber, a messaging and video chat platform, was acquired by a Japanese corporation and boasts over a billion users worldwide, though it is less popular in Israel.
• 😀 Mellanox, a company producing chips and technological products, was bought by Nvidia and is notable for being located outside Tel Aviv, in Yokneam.
• 😀 Israel's high-tech industry is predominantly located in Tel Aviv, but companies like Mellanox show that innovation can thrive outside the central region.
• 😀 The video encourages viewers to subscribe to the channel and share the content to help others learning Hebrew, and invites them back for the next video.

Q & A

What is the main focus of the video?

The main focus of the video is on high-tech in Israel, particularly the exits made by Israeli start-ups or companies that were bought by larger corporations.

What does the term 'locomotive' refer to in the context of the Israeli economy?

In the context of the Israeli economy, 'locomotive' refers to the high-tech sector, which is considered the driving force that carries the entire economy forward.

What is an 'exit' in the high-tech industry in Israel?

An 'exit' refers to a start-up or company being bought by a larger corporation. In Israel, this is a common term to describe such acquisitions.

Which company was mentioned as one of the most notable exits in Israel?

One of the most notable exits mentioned in the video is Waze, an Israeli company that was bought by Google.

How has Waze impacted everyday language in Israel?

Waze has had a significant impact on Israeli society, with its expression 'recalculating route' becoming a common phrase to describe adjusting one's thinking or approach when circumstances change.

What is Mobileye, and why is its exit significant?

Mobileye is an Israeli company that develops products for the automotive industry, particularly for autonomous vehicles. Its acquisition by Intel was the largest financial exit ever made in Israel.

Which company created the Playtica gaming platform, and how successful has it been?

Playtica, an Israeli company in the gaming industry, has been highly successful. It was acquired by a Chinese corporation affiliated with Alibaba and has expanded its reach with branches in 18 countries, employing around 800 people in Israel.

Why is Viber considered significant, despite being less popular in Israel?

Viber is significant because, despite its lower popularity in Israel, it has over a billion users worldwide. It was acquired by a Japanese corporation in 2014 and competes in the video chat and messaging space, similar to Skype and WhatsApp.

What makes Mellanox stand out among the companies discussed?

Mellanox is unique because it develops technological products, mainly chips, and was bought by Nvidia. It stands out for being based in Yokneam, a city in northern Israel, while most high-tech companies are located in the Tel Aviv area.

What is the significance of high-tech companies being located outside Tel Aviv?

The significance is that it demonstrates that high-tech innovation is not limited to Tel Aviv or central Israel. Companies like Mellanox in Yokneam show that high-tech can thrive in other areas of the country as well.