Israel's tech sector reels from SVB collapse, proposed judicial reform
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2023-04-03 07:30
Israel's tech sector reels from SVB collapse, proposed judicial reform
JERUSALEM – After weathering recession and military conflicts, Israel's high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source and a proposed judicial overhaul threatens the bedrock of corporate law. Nicknamed 'Startup Nation', Israel's economy has ridden a wave of tech success with a sector that employs just 10 percent of the country's workforce accounting for around 15 percent of economic output, more than half of exports and a quarter of tax income.

https://business.inquirer.net/394511/israels-tech-sector-reels-from-svb-collapse-proposed-judicial-reform

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