Office Of The Chief Scientist Invests NIS 70 Million In Israel’s Chip Sector

July 7, 2014 | The Office of the Chief Scientist, a branch of the Ministry of the Economy, announced that it will invest NIS 70 million in the development of Israel’s chip production sector. As the number of Israeli-based chip companies diminishes, the Chief Scientist announced that NIS 70 million will be invested over a period of five years in order to revamp the sector with new academic research and industrial bodies. The money will go towards the leading Israeli chip companies which include  CEVA, Sargon, EZChip and more, encouraging them to work together to reboot the Israeli chip sector.