Apple set to launch R&D centre in Israel

According to Israeli business publication Globes, the centre will be based in the city of Ra'anana and will be staffed by 100-150 former Texas Instruments employees. The new Apple employees come from the ranks of 250 or so people who were laid off by the chip-maker a few weeks back.

The R&D centre is Apple's third in the country, joining its existing operations in Haifa and Herzliya, where it acquired flash memory developer Anobit.

Read the full article on www.memeburn.com.