Tech Industry in Israel Affected by Recent Attacks by Hamas

The recent attacks by Hamas militants in Israel have had a significant impact on the country's technology industry, particularly in the cybersecurity, enterprise software, and semiconductor sectors.

Several tech companies based in Israel and American companies with operations there have been affected by the situation, which has resulted in the loss of many lives and the kidnapping of numerous individuals by Hamas.

Mobileye Stands Strong with Israel

Mobileye, a Jerusalem-based company that specializes in autonomous vehicle systems, has expressed its solidarity with the people of Israel. The company has pledged to support its employees and their families affected by the conflict. Additionally, Mobileye is setting up a substantial fund to contribute to relief efforts in the impacted areas of Israel. Despite these challenges, the company's business operations remain uninterrupted, and its global team remains committed to delivering for customers.

Mobileye's CEO, Amnon Shashua, announced on X (formerly Twitter) that the company will immediately donate 5 million new Israeli shekels (approximately $1.3 million) to nonprofits working to aid the victims in the southern region of the country. He expressed deep sorrow for the families of the injured and murdered and extended prayers for the recovery of the wounded and missing. Shashua also voiced support for the security forces and IDF soldiers while remaining hopeful for better days ahead.

Nice Provides Support to Local Employees

Nice, a Ra'anana-based company specializing in contact center systems, stands in solidarity with the people of Israel. The company is providing necessary support to its local employees during these challenging times. However, Nice has confirmed that the situation in Israel does not currently impact its operations and does not anticipate any future disruptions.

Oracle Stands Ready to Assist

Oracle, known for its extensive operations in Israel, has stated its commitment to offering comprehensive support to the Government of Israel and the defense establishment. In addition, the company has pledged to match all employee donations to Magen David Adom, the Israeli equivalent of the Red Cross, without any limit.

The technology industry in Israel continues to navigate these turbulent times. Despite the challenges, companies like Mobileye, Nice, and Oracle are steadfast in their commitment to their employees and the nation, offering support and standing strong together.

Nvidia Cancels AI Event in Tel Aviv

Nvidia (NVDA) has made the decision to cancel its upcoming artificial-intelligence event in Tel Aviv, which was scheduled to take place on October 15. The conference was set to feature a talk by CEO Jensen Huang. In a statement on their website, Nvidia expressed their concern for those affected by the current situation and emphasized that the safety and well-being of their participants is their top priority. Thus, canceling the event was deemed the best course of action to ensure everyone's safety.

Nvidia's acquisition of Israeli networking company Mellanox in 2020 remains significant, as Mellanox still operates extensively in the country. In response to the situation, Nvidia is now working closely with its Israel leadership to ensure the safety and well-being of their employees and their families. Once this is accomplished, they will shift their focus towards maintaining the smooth operation of their business.

Intel Monitors Situation in Israel

Intel (INTC) has facilities located in Haifa, Petah Tikvah, Jerusalem, and Kiryat Gat, employing a total of 12,800 people. The company has been actively monitoring the situation in Israel and taking necessary steps to safeguard and support its workers. In a statement, Intel expressed its commitment to ensuring the well-being of its employees.

Fiverr Supports Employees and Community

As a prominent freelance work marketplace headquartered in Tel Aviv, Fiverr (FVRR) expressed its heartfelt sympathies towards the tragic events that took place over the weekend. The company's immediate focus is on ensuring the safety and support of its employees, their families, and the wider Fiverr community during this challenging time. Some Fiverr employees have been called up for service, and the company is making sure their families have all the necessary support while they are on the front lines. Fiverr is also collaborating with a coalition of other companies to provide essential medical equipment, food, and supplies to the troops defending Israel. On the business side, Fiverr assures its users that there will be no major interruption or material impact to their operations.

Check Point Software Technologies Continues Operations Unaffected

Check Point Software Technologies (CHKP), a leading security software company based in Tel Aviv, stated that their operations continue as normal despite the situation in Israel. The company remains unwavered in its commitment to providing secure software solutions.