Texas Instruments recently laid off about 250 employees at its facility in the area who were working on the company's OMAP and radio (including WiFi and Bluetooth) chips, which are used a number of new smartphone and tablet devices. At the time, Apple was said to be hiring dozens of them.
The new Apple development center in the Ra'anana Industrial Zone will be the company's third in Israel after it opened a development center in Haifa last year and acquired flash memory developer Anobit in Herzliya. TI announced in November that it was laying off 1,700 employees worldwide in an attempt to significantly reduce expenditure. Most of the layoffs were in the wireless communications sector. In Israel, TI's activities are based on two acquisitions from the 1990s - Libit for $365 million and Betterplay for $50 million.
Read More [via TNW]