Amazing stuff! Like Nvidia Manna from heaven! 😊
"When Nvidia acquired Mellanox six years ago, few officials at the Ministry of Finance and Bank of Israel would have imagined that within a short time, the US chipmaker would become not only a global phenomenon and the most valuable company in the world, but also a major engine behind the growth of the Israeli economy - all without actually producing a single chip in Israel itself.
With 6,000 employees in Israel, Nvidia's footprint in the economy has become so large that the Central Bureau of Statistics has produced a new figure for growth without Nvidia’s activity. ...
Over the entire previous year, Israeli GDP grew by 3.5%, but without Nvidia, growth would have amounted to only 2.1%. ..."
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