The acquisition will not lead to any layoffs of company employees, said Nvidia CEO Jensen Huang.
On Monday, the Israel Innovation Authority (IIA) announced that the ILAB Group had won a competitive tender to develop technological innovation in the city.
"In the first half of 2019, we witnessed a significant increase in the total volume of exits, particularly those with a value exceeding $100 million," said Adv. Shira Azran.
Former World Intel vice president Dadi Perlmutter, No. 2 on the Gesher Party list, is encouraging Prime Minister Benjamin Netanyahu and the IDF to halt attacks against Hamas in Gaza.
Perlmutter is on the board of directors of Mellanox, the Israeli microchip maker acquired by American technology giant Nvidia for $6.9 billion on Monday.
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