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Globes English | Israel Business Arena
14.01.2025
With the OECD's Pillar Two Model Reforms set to supersede the Encouragement of Capital Investment Law, Nvidia is proposing paying 9% tax in Israel on its activity.
The New York-based blockchain giant will pay $160 million for its second Israeli acquisition.
Tower Semiconductor's share price has risen almost to the price at which Intel was due to acquire it in 2022, handily outperforming the sector.
Israel is one of a group of countries that will have to obtain US government approval to import the advanced processors that are at the basis of AI and supercomputers.