No Result
View All Result
  • Login
Friday, October 31, 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
5 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

Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

by FeeOnlyNews.com
October 31, 2025
0

Take the guesswork out of sourcing! We want you to make the most informed purchases possible. In order to do...

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

by FeeOnlyNews.com
October 30, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

by FeeOnlyNews.com
October 30, 2025
0

US equity-index futures rose after strong earnings from Amazon.com Inc. and Apple Inc. spurred a post-market tech rally, lifting sentiment...

Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

by FeeOnlyNews.com
October 30, 2025
0

Bitcoin accumulator Strategy Inc. returned to profitability in the third quarter, with results bolstered by an unrealized gain tied to...

Planning approved for new Jerusalem luxury hotel

Planning approved for new Jerusalem luxury hotel

by FeeOnlyNews.com
October 30, 2025
0

Building a hotel is an expensive business, but before you build you need a high-quality location. Pai Siam (TASE:...

AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

by FeeOnlyNews.com
October 30, 2025
0

Hello and welcome to Eye on AI. In this edition…Nvidia becomes the first $5 trillion market cap company…Anthropic finds AI...

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
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
Clerq Raises M to Capture Share of T High-Ticket Payment Market – AlleyWatch

Clerq Raises $12M to Capture Share of $3T High-Ticket Payment Market – AlleyWatch

0
Global Trends and Growth Outlook

Global Trends and Growth Outlook

0
Six missing AI capabilities holding financial advisors back

Six missing AI capabilities holding financial advisors back

0
Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come

Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come

0
The 2026 Social Security Bump Will Cost Some Retirees. Are Your Benefits at Risk of Taxation?

The 2026 Social Security Bump Will Cost Some Retirees. Are Your Benefits at Risk of Taxation?

0
6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

0
Getting Started: Inventory Types and Conditions

Getting Started: Inventory Types and Conditions

October 31, 2025
Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso

Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso

October 31, 2025
Strategy Q3 Income Narrows to .8B as mNAV Shrinks

Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks

October 30, 2025
El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

El Pollo Loco outlines plan for nearly doubling 2026 unit growth amid margin gains and menu innovation (NASDAQ:LOCO)

October 30, 2025
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

October 30, 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

  • Getting Started: Inventory Types and Conditions
  • Binance Supercharges Crypto Adoption in Argentina With a QR Code Bridge to the Peso
  • Strategy Q3 Income Narrows to $2.8B as mNAV Shrinks
  • 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.