Silicon Valley’s Attraction to Israeli Tech Firms

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Nov. 28 (Bloomberg) -- Yoav Chelouche, Chairman of Israel Hi-Tech Association, discusses technology companies in Israel and why they have become attractive acquisition opportunities for foreign entities. He speaks on Bloomberg Television's “The Pulse.” (Source: Bloomberg)

Tell you it is a bit good and a bit bad.

We are proud to be a country that is becoming a source of unique technology for the world.

We already have 200 international companies that have turned into israel-based research and development centers.

We have many more coming up.

Why is this all happening now?

I think we are at the point where israeli companies have matured.

There were few exits posted in the 2008 crisis.

Companies and investors took the time to develop their companies and they can now demand higher prices.

Research and development expenditure are not flush with cash and this is buying season.

-- now flush with cash and this is buying season.

Not good for exporters.

How concerned are your members about the strength of the shekel?

We are very concerned because israeli exports are becoming more and more expensive.

That creates a competitiveness issue.

It is obvious with countries that have the development centers here in israel.

Your cost of engineering in israel is almost a part with what it is in the u.s. -- a real cause for concern.

Thank you so much for joining us.

Thank you so much.

A good interview.

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