Larry King
Larry King. Photo by Dan Steinberg/Invision/AP
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Comedian Larry King. Photo by Courtesy

Larry King funds new Israel-Silicon Valley chamber of commerce

Larry King, the American television and radio talk show host, has teamed up with the Israeli-American businessman who manages some of King’s business ventures, Niv Yaakobi, and with the Technion Israel Institute of Technology to establish an Israel-Silicon Valley chamber of commerce. King has pledged more than 2 million shekels ($570,000) to the organization, whose aim is to strengthen ties between the Silicon Valley and Israel’s high-tech sector. It will encourage multinational companies to set up research and development operations in Israel and provide help to Israeli startups marketing abroad. The chamber will be launched February 26 in Tel Aviv and later at Stanford University. Yaakobi said King will be coming to Israel with a delegation in March and is interested in investing in Israeli high-tech. (Inbal Orpaz)

Google honors Waze’s independence, CEO says

“What’s been unique about our acquisition is that Google is leaving us independent … That means the company is structured the same, we’ve kept all our organic functions internal,” Noam Bardin, the CEO of Waze, the mobile navigation app company bought by Googe last year, told the Digital Life-Designs, or DLD, conference on Sunday. “We really are a company within a company.” While Waze is sharing its real-time, user-generated information with Google, Bardin said he wants to distinguish Waze’s product from Google Maps and other offerings by making it a tool for commuters. (TheMarker Staff)

CSR shutters its camera chip operations

CSR, the Cambridge, England-based silicon and software developer for the consumer electronics market, has its camera chip operations here and has laid off 80 people. The step was announced last month as part of the company’s global decision to de-emphasize its development of memory chips for cameras. Staff was also laid off in China, Taiwan and the United States, the company said, adding that CSR will continue to employ staff in Israel, singling out the achievements of its Israeli workforce in the imaging field. The staff cutbacks in its camera chip business were the result of slack demand for still cameras, the firm said. (Orr Hirschauge)