Author: OurCrowd

Israel’s history in the semiconductor industry started back in 1974, when Dov Frohman, one of Intel’s first employees and inventor of EPROM – the erasable, programmable, read-only memory chip that eventually led to the creation of flash memory – left Silicon Valley to return to Israel. Frohman had been asked to establish a small chip design center in Haifa, which, at the time, was Intel’s first center outside of the U.S. Fast-forward to 2016, Intel is now the largest employer in Israel’s high-tech sector, having invested over $10 billion in the country and with exports totaling $4.1 billion. Building on such achievements, the Israeli semiconductor industry has now grown to employ over 20,000 people in dozens of companies. Almost all of the world’s leading semiconductor firms have significant R&D centers in Israel, alongside which a large number of local semiconductor companies have grown. The Israeli semiconductor industry is now one of the most advanced internationally, with the second or third highest concentration of design houses in the world. Quick Snapshot – A Look at Major Israeli Innovations From design...