Israel war: The other war: Will geopolitical tensions signal a meltdown for Israel’s high-tech sector? hot news

An IDF reservist sits with fellow troops at kibbutz Kfar Aza where dozens of civilians were killed days earlier on October 10, 2023, in Kfar Aza, Israel.

Synopsis

As war rages in West Asia, Israel’s high-tech sector is feeling the pinch. Experts point out that Q3 has already witnessed the seventh consecutive decline in investments, and Q4 is set to see a sharper decline. Would the Israeli high-tech ecosystem see a meltdown due to the conflict in the days to come? An ET Prime deep dive.

As tensions escalated in the aftermath of an incursion by Hamas into Israel and the subsequent retaliatory measures by the latter, an unusual casualty is looming on the horizon. Israel’s high-tech sector, which was battling an economic slowdown and domestic political turmoil in the wake of controversial judicial reforms, may have to take another hit – as a consequence of war. Israeli high-tech firms recorded a 70% fall in fundraising in the

BY

Oct 20, 2023, 04:00 AM IST

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