Page 46 - etone-12 items-inter_Neat 050422
P. 46
E-Tone™: Ulpan-Or Weekly News Digest
Item #9 (High-Intermediate Level)
Israeli Exit
The employees of the Israeli chip company "Tower" are excited. Intel
announced this morning that it is buying "Tower" for five billion, four
hundred million dollars. Intel buys the company because of the global
shortage of chips. The Israeli company has made a big change in the last
twenty years. From half a billion dollars in debt to banks, it has reached a
huge exit. This is one of the five largest exits in the history of Israeli
companies. For the managers of "Tower" and the people who have
invested in it, this is a particularly happy day, that promises them a lot of
money.
Page 46 - Edition mm-dd-yy
Copyrighted and owned by Ulpan-Or. Any usage, copying and distribution without express permission from Ulpan-Or is prohibited.
