No Result
View All Result
  • Login
Monday, September 15, 2025
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

Apple leases space in Jerusalem near Hebrew University

by FeeOnlyNews.com
3 months ago
in Business
Reading Time: 3 mins read
A A
0
Apple leases space in Jerusalem near Hebrew University
Share on FacebookShare on TwitterShare on LInkedIn


Apple, which has been operating in Jerusalem for nearly four years, is expanding its presence in the city by leasing more space from Bayside Land Corp. Ltd. (Gav Yam) (TASE:BYSD1).

A source close to the deal has told “Globes” that Apple is leasing a floor – about 1,500-2,000 square meters – in the Hebrew Campus technology park, currently under construction by the Hebrew University of Jerusalem’s Givat Ram campus. Apple is expanding its hiring for the activities in the new offices. Estimates are that Apple is paying Bayside NIS 80-90 per square meter per month, making the deal worth about NIS 2 million annually.

Apple is hiring for 28 positions in its Jerusalem development office. At all its centers throughout Israel, the company is hiring software and firmware engineers, validation examiners and Wi-Fi experts but in Jerusalem it is also seeking students who have completed at least three semesters in electrical engineering and computer science degrees.

Apple has identified the Hebrew University of Jerusalem and its integrated track, as a pool from which it can train the future generation of its hardware developers in Israel. Some 2,300 Apple employees in Israel take part in the development of some of the hardware and software components that underlie all of the company’s devices, with an emphasis on the Mac M series of processors, the development of which is managed by former Israeli Johny Srouji, Apple VP chip development. Compact flash memories for Apple devices, the company’s smartwatch chips, the depth camera essential for the facial recognition feature that allows the phone to be unlocked, and augmented reality applications for the Vision Pro reality headset were all developed in Israel.

New tower on the way

Apple already employs several dozen engineers at the development center it inaugurated in Jerusalem in 2022 in the Har Hotzvim tech park near Mobileye. Leasing the new floor in Givat Ram will increase Apple’s operating space in the city and make it accessible to students studying at the nearby university and to its graduates, including participants in the IDF’s prestigious Talpiot program.

Hebrew Campus, which is in advanced stages of construction, is expected to include four buildings that will spread over 270,000 square meters and house about 10,000 employees. The cost of construction for Bayside is estimated at NIS 1.4 billion.

Apple will be joined by Lightricks, which leased 16,000 square meters in Givat Ram when construction of the complex began, for NIS 190 million. It seems Bayside has become Apple’s default choice for real estate in Israel. The company is currently building a new 32-floor tower for Apple in Herzliya Pituah with 45,000 square meters of office space. At the beginning of the decade, Apple expanded its presence in Haifa with a new lease on Bayside’s building in Matam Park where Apple leased 28,000 square meters for seven years.





RELATED ARTICLES




Apple SVP leads senior delegation of execs to Israel


Bayside buying Tel Aviv land for ToHa3 tower






Apple is betting on Israel because of the expertise of local development engineers in the worlds of chips, memory, and depth perception, and employs, among other things, many engineers who previously worked at companies like Intel and Nvidia.

At the same time, the phone and computer giant is considered by employees to be a workplace that requires long hours, strict discipline, and a culture of discretion and secrecy.

Published by Globes, Israel business news – en.globes.co.il – on June 11, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: AppleHebrewJerusalemleasesspaceUniversity
ShareTweetShare
Previous Post

Saylor Says Crypto Winter Not Retuning, Predicts $1M Bitcoin

Next Post

The American dream is no longer buying a house—it’s paying off debt

Related Posts

Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

by FeeOnlyNews.com
September 15, 2025
0

Australia’s ANZ, one of the country’s “big four” banks, has agreed to pay a record fine of $240 million Australian...

Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

by FeeOnlyNews.com
September 15, 2025
0

Israel's tallest residential tower will be built in the heart of Ramat Gan's Diamond Exchange district. Ramat Ran Municipality...

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

by FeeOnlyNews.com
September 14, 2025
0

After nearly a year of time correction and muted returns, Kotak Mutual Fund’s Atul Bhole believes the stock market’s risk-reward...

Dollar steadies ahead of Fed meeting

Dollar steadies ahead of Fed meeting

by FeeOnlyNews.com
September 14, 2025
0

The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal...

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

Trump says he doesn’t want to ‘frighten off’ foreign investment after ICE raid on Korean plant

by FeeOnlyNews.com
September 14, 2025
0

President Donald Trump on Sunday said foreign workers sent to the United States are “welcome” and he doesn’t want to...

Explainer-What is “involution”, China’s race-to-the-bottom competition trend?

Explainer-What is “involution”, China’s race-to-the-bottom competition trend?

by FeeOnlyNews.com
September 14, 2025
0

By Casey Hall SHANGHAI (Reuters) -China's leaders have pledged to put an end to aggressive price cuts by some Chinese...

Next Post
The American dream is no longer buying a house—it’s paying off debt

The American dream is no longer buying a house—it’s paying off debt

Rare earth mining stock GMDC rallies 18% in 8 sessions amid fears of supply disruptions

Rare earth mining stock GMDC rallies 18% in 8 sessions amid fears of supply disruptions

  • Trending
  • Comments
  • Latest
1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

August 17, 2025
Of Property Rights, Civil Society, and Shampoo

Of Property Rights, Civil Society, and Shampoo

September 1, 2025
Engine Capital takes a stake in Avantor. Activist sees several ways to create value

Engine Capital takes a stake in Avantor. Activist sees several ways to create value

August 16, 2025
James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

September 2, 2025
Vanguard reaches .5M SEC settlement

Vanguard reaches $19.5M SEC settlement

August 29, 2025
RBC wealth revenue rises despite recruiting costs

RBC wealth revenue rises despite recruiting costs

August 27, 2025
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

0
Leerink Partners Remains Bullish on Merck & Co. (MRK)

Leerink Partners Remains Bullish on Merck & Co. (MRK)

0
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

0
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

0
UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

UK Trade Groups Push for Blockchain Inclusion in Tech Deal With U.S.

0
Could a “Money Date” Save Your Marriage More Than Counseling?

Could a “Money Date” Save Your Marriage More Than Counseling?

0
5 fintechs that could IPO after Klarna

5 fintechs that could IPO after Klarna

September 15, 2025
Australia’s financial regulator slaps a 0 million fine on ANZ, its largest ever on a single entity

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

September 15, 2025
Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”

September 15, 2025
Construction begins on Israel’s tallest residential tower

Construction begins on Israel’s tallest residential tower

September 15, 2025
Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

Stock market risk-reward now in favour, time to deploy cash: Kotak MF’s Atul Bhole

September 14, 2025
Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

September 14, 2025
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

  • 5 fintechs that could IPO after Klarna
  • Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity
  • Hoisted from Comments: “Nuclear Waste Is a Myth the US Promoted….”
  • 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.