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In the 21st century, the high tech industry is a significant part of several advanced economies. The Israeli economy has the highest ratio in the world, with the high tech sector accounting for 20% of the economy. High tech makes up 9.3% of the American economy according to Statista [15] and CTech. [16]
All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2023 [2] unless otherwise specified. As of 2023, Fortune lists Amazon (revenue of $513.98 billion), Jingdong ($155.53 billion), and Alibaba ($126.81 billion) in the retailing sector rather than the technology sector. [3]
As new technology companies require money and seed capital to grow and thrive, Israel's science and technology sector is backed by a strong venture capital industry. Between 2004 and 2013, the Israeli venture capital industry played a fundamental role in funding the development of Israel's high-tech sector.
Both in 2022 and 2023, the tech sector faced significant headwinds due to rising capital costs and increased investor scrutiny of profitability. This sent stocks plummeting and companies also ...
JERUSALEM (Reuters) -Israel's high-tech sector now accounts for 20% of the country's economic output, the Israel Innovation Authority (IIA) said on Tuesday as it urged the government to invest ...
Additional clusters of high-tech industry can be found in Haifa and Caesarea. More recent high-tech establishments have been raised in cities such as Jerusalem and Beersheba, in towns such as Yokneam Illit, and in Airport City. Israel has the third highest number of startups by region and the highest rate of startups per capita in the world. [3 ...
Only 17% of the included players are from the tech industry—roughly the same representation as, say, the energy sector—while the MAMAA companies are nowhere to be found.
A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and services, which include businesses relating to digital electronics, software, optics, new energy, and Internet-related services such as cloud ...