US chip big Qualcomm is leasing 2,000 sq. meters of workplace area from Isras Funding Co. (TASE: ISRS) in Park Ogen in Netanya. The places of work are presently occupied by retail trend firm Golf (TASE: GOLF), which is shifting to a different ground in the identical constructing.
Sources have informed “Globes” that Qualcomm plans shifting to the places of work the actions of Israeli startup Autotalks, which it acquired final yr and is presently primarily based in Kfar Netter.
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Qualcomm can pay Isras NIS 60 per sq. meter for the Netanya workplace area, considerably decrease than the NIS 75 per sq. meter that Golf is presently paying. The decrease lease displays the bargaining energy of tenants throughout a interval when provide of workplace area is outstripping demand.
Autotalks, which has developed chips for communications between autos themselves, was acquired by Qualcomm June 2025 for an estimated $80-90 million. This was considerably decrease than the $350 million Qualcomm had initially agreed to pay in 2024 in a deal that was blocked by the US regulatory authorities.
Autotalks has 120 workers together with 100 primarily based on the growth heart in Kfar Netter, who will now be shifting to Park Ogen, which is within the Poleg Industrial Zone, close to the southern entrance to Netanya. Park Ogen has 38,000 sq. meters of workplace and business area and 20,000 sq. meters of automobile parks. The park has three buildings of eight, 4 and three flooring in addition to single story buildings for places of work, shops, warehouses and light-weight business.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 19, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
