(JNS.org) Intel will expand operations in Israel by adding two Israeli investment managers, Yair Shoham and Merav Weinryb, who will work with Uri Arazi, Intel Capital’s investment manager in the Jewish state.
“The facts are that we need to invest more here, and make a greater effort. We see the opportunities, and we think that we should increase our bet here,” said Intel Capital Western Europe and Israel Managing Director Marcos Battisti, according to Globes.
Intel Capital has invested in more than 60 Israeli companies so far—in fields ranging from computing and communications infrastructures to mobile devices and consumer digital products. This time, Intel’s focus will be investments in Internet applications such as social networks, the automobile industry, and energy.