Israeli Hi-Tech Hit Hard By Economy, Judicial Reform Fights, War - But Stabilizing
An analysis by Globes shows the Israeli hi-tech sector reeling from a series of blows the past few years but starting to bounce back.
Reeling from the troubles of the global economy, the internal societal struggle over judicial reform, and the war, the Israeli hi-tech sector appears to be stabilizing in terms of investment and employment, according to a Globes analysis.
While investment is down, early and quick mergers and buyouts, known as "exits" have helped keep the sector afloat.
Israeli hi-tech faces some serious challenges, including the rise of AI, which is not a field Israel has a comparative advantage, as opposed to other fields such as cyber defense.
People in the field are hoping that a wave of experts and expected reduction of interest rates will help restart the struggling "locomotive" of the Israeli economy.