No Result
View All Result
  • Login
Monday, February 16, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Huawei closes Israel cloud division

by FeeOnlyNews.com
16 hours ago
in Business
Reading Time: 2 mins read
A A
0
Huawei closes Israel cloud division
Share on FacebookShare on TwitterShare on LInkedIn


Chinese electronics giant Huawei, which operates a development center in Israel under the name Toga Networks, is closing its cloud division in Israel and laying off 60 out of the more than 400 employees at the company. This is another move to downsize the Chinese giant’s Israeli development center, after at the end of 2023, a few weeks after the outbreak of the war, it closed its storage operations in Israel and laid off several dozen people.





RELATED ARTICLES




Huawei paying top dollar for Israeli engineers






The move was made as part of a global organizational change that the Chinese company is carrying out in its cloud operations. It is merging many activities and prioritizing investment in the development of AI engines. Toga operates 12 additional development groups that deal with fast communication between chips, the development of data centers, cybersecurity and AI engines. According to its job site, Toga Networks is hiring new employees mainly for the development of communication chips and communication switches and for its cybersecurity activities.

In 2020, Toga Networks, along with dozens of Huawei affiliates around the world, was included in the US Department of Commerce’s list of entities that “endanger US national security and interests” due to its contribution to China’s technological advancement.

Toga Networks an Israeli company that was founded 17 years ago by Israeli founders and with Chinese funding, but it only officially became Huawei’s development center in 2010, at a time when relations between Israel and China were more cordial and before the trade war with the US became a focus of significant geopolitical tension. Toga in Israel operates differently from the company’s other development centers around the world – prototypes and patents are developed in the Israeli office and transferred to full product development in China.

Toga Networks said, “The company is currently in the midst of an organizational procedure, as part of an ongoing process to improve efficiency and focus business activity. Structural adjustments are expected as part of the process, including the integration of existing employees into other business units within the company.”

Published by Globes, Israel business news – en.globes.co.il – on February 15, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: closesclouddivisionHuaweiIsrael
ShareTweetShare
Previous Post

Elon Musk’s X To Enable Crypto And Stocks Trading In Coming Weeks — Details

Next Post

The punk rock economist: why the founder of Warped Tour refuses to gouge fans

Related Posts

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

by FeeOnlyNews.com
February 15, 2026
0

After a sharp post-Budget swing and a phase of elevated volatility, markets are entering a more discerning phase where narratives...

Rampant AI demand for memory is fueling a growing chip crisis

Rampant AI demand for memory is fueling a growing chip crisis

by FeeOnlyNews.com
February 15, 2026
0

A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in...

Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

by FeeOnlyNews.com
February 15, 2026
0

After failing to hold above 26,000 last week, analysts expect Nifty to remain range-bound, with traders likely to stay cautious....

Confronting Asia’s chronic conditions means tackling cultural issues as much as medical ones

Confronting Asia’s chronic conditions means tackling cultural issues as much as medical ones

by FeeOnlyNews.com
February 15, 2026
0

Asia’s health crisis is often framed as an inevitability: Aging populations, rising medical costs, a surge in lifestyle diseases, elderly...

How economic data can often be both ‘worse’ and ‘good’

How economic data can often be both ‘worse’ and ‘good’

by FeeOnlyNews.com
February 15, 2026
0

A version of this post first appeared on TKer.co An economic metric can simultaneously be getting worse and be good....

Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

by FeeOnlyNews.com
February 15, 2026
0

US supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally...

Next Post
The punk rock economist: why the founder of Warped Tour refuses to gouge fans

The punk rock economist: why the founder of Warped Tour refuses to gouge fans

1 Stock to Buy, 1 Stock to Sell This Week: Analog Devices, Walmart

1 Stock to Buy, 1 Stock to Sell This Week: Analog Devices, Walmart

  • Trending
  • Comments
  • Latest
Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

Super Bowl ads go for silliness, tears and nostalgia as Americans reel from ‘collective trauma’ of recent upheaval — ‘Everybody is stressed out’

February 8, 2026
York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

York IE Adds OpenView Veteran Tom Holahan as General Partner for New Early Growth Fund

February 11, 2026
The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 2/9/26 – AlleyWatch

February 9, 2026
Self-driving startup Waabi raises up to  billion, partners with Uber to deploy 25,000 robotaxis

Self-driving startup Waabi raises up to $1 billion, partners with Uber to deploy 25,000 robotaxis

January 28, 2026
Student Beans made him a millionaire, a heart condition made this millennial founder rethink life

Student Beans made him a millionaire, a heart condition made this millennial founder rethink life

December 11, 2025
Huntington Bank gives Ameriprise institutional unit B boost

Huntington Bank gives Ameriprise institutional unit $28B boost

February 6, 2026
ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

0
XRP Price Trims Gains After Explosive Rally, Momentum Cools

XRP Price Trims Gains After Explosive Rally, Momentum Cools

0
5 Medical Costs Seniors Still Pay Out-of-Pocket in 2026

5 Medical Costs Seniors Still Pay Out-of-Pocket in 2026

0
Week 7: A Peek Into This Past Week + What I’m Reading and Watching!

Week 7: A Peek Into This Past Week + What I’m Reading and Watching!

0
Rampant AI demand for memory is fueling a growing chip crisis

Rampant AI demand for memory is fueling a growing chip crisis

0
Millennial Women Are Getting Cancer. This Website Is Helping Them.

Millennial Women Are Getting Cancer. This Website Is Helping Them.

0
XRP Price Trims Gains After Explosive Rally, Momentum Cools

XRP Price Trims Gains After Explosive Rally, Momentum Cools

February 15, 2026
ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

February 15, 2026
Week 7: A Peek Into This Past Week + What I’m Reading and Watching!

Week 7: A Peek Into This Past Week + What I’m Reading and Watching!

February 15, 2026
I retired with a full pension, a paid-off house, and a loving wife, and by month four I was sitting in my truck in the driveway wondering what the point of any of it was

I retired with a full pension, a paid-off house, and a loving wife, and by month four I was sitting in my truck in the driveway wondering what the point of any of it was

February 15, 2026
XRP Declared Ripple’s ‘North Star’ in Trillion-Dollar Vision, Now the Heartbeat of Every Product and Institutional Push

XRP Declared Ripple’s ‘North Star’ in Trillion-Dollar Vision, Now the Heartbeat of Every Product and Institutional Push

February 15, 2026
Rampant AI demand for memory is fueling a growing chip crisis

Rampant AI demand for memory is fueling a growing chip crisis

February 15, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Trims Gains After Explosive Rally, Momentum Cools
  • ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak
  • Week 7: A Peek Into This Past Week + What I’m Reading and Watching!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.