AGP Executive Report
Last update: 5 hours agoSemiconductors: Tower Semiconductor reported record third-quarter revenue of $526 million, up 33% year over year, and forecast $600 million for the fourth quarter. The company plans to hire 150 workers in Israel as it expands production. Technology Deal: India’s Affle agreed to buy Israeli ad-tech firm Perion Network for about $420 million in cash, a 34.5% premium to Perion’s October 30 closing price. Perion will remain under its brand but leave the Nasdaq and Tel Aviv exchanges if the deal closes. Defense Manufacturing: Israel’s Defense Ministry and Elbit Systems signed a 15-year, NIS 600 million agreement to build an artillery training facility and provide instruction, maintenance and logistics support.
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