Breaking News

Axis Capital & PartnerRe to Combine in $11 Billion Merger

EZchip Advances in Tel Aviv, Closing Gap with U.S.-Traded Shares

EZchip Semiconductor Ltd. (EZCH), an Israeli developer of network processors, advanced the most in almost a month after shares gained in the U.S. yesterday.

The shares rose 3 percent, the most since June 21 in intraday trading, to 133.1 shekels, or the equivalent of $33.56, at 10:07 a.m. in Tel Aviv. The New York-traded shares gained 3.5 percent to $33.38 yesterday.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.