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☆ Thousands gather in Tel Aviv to mark Naama Levy’s 20th birthday while in Hamas captivity in Gaza
▼ + stars: | 2024-06-22 | by ( Lauren Izso | Mohammed Tawfeeq | ) edition.cnn.com time to read: +4 min

CNN —Thousands of people gathered in Hostages Square in Tel Aviv on Saturday to commemorate the 20th birthday of Naama Levy, who has been held captive for 260 days. At Hostages Square on Saturday, Levy’s parents Ayelet Levy Shachar and Yoni Levy addressed the crowd. People hold signs and balloons, as family, friends, and supporters of Israeli hostage Naama Levy, who was kidnapped during the deadly October 7 attack, attend a protest march on her 20th birthday in Tel Aviv on June 22, 2024. Many waved Israeli flags and held up signs with images of the Israeli hostages. Other protesters were heard shouting, ” Elections now.”“There is nothing more important, every hostage must return!” protesters in Jerusalem chanted.

Persons: Naama Levy, Levy, Ayelet Levy, Yoni Levy, Naama, ”, Yoni, “, ” Yoni, Eloisa Lopez, Reuters Yoni, Benjamin Netanyahu, Kiryat Gat, Pardes Hanna, ‘, you’re, Benny Gantz, Kibbutz Nir Oz, Nir Oz Organizations: CNN, Hamas, Reuters, Saturday, “, ” Locations: Tel Aviv, Gaza, Israel, Jerusalem, Herzliya, Caesarea, Raanana, Sheva, Pardes, Carmei Gat, Kiryat Gat

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

☆ Intel to invest $25 billion in Israel factory in record deal, Netanyahu says
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, June 18 (Reuters) - U.S. chipmaker Intel Corp (INTC.O) will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country. Under the deal Intel will pay a 7.5% tax rate, up from the current 5%, the ministry added. In 2017, Intel bought Israel-based Mobileye Global Inc (MBLY.O), which develops and deploys advanced driver-assistance systems, for $15 billion. Announcing the deal in televised remarks to his cabinet, Netanyahu called it "a tremendous achievement for the Israeli economy - 90 billion shekels ($25 billion) - the largest investment ever by an international company in Israel". In a statement, Intel said its Israel operations had "played a crucial role" in the company's global success.

Persons: Benjamin Netanyahu, Netanyahu, Dan Williams, Ari Rabinovitch, James Mackenzie Organizations: chipmaker Intel Corp, Israel's Finance Ministry, Intel, Inc, Thomson Locations: Israel, Kiryat Gat

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