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The Israel Innovation Authority wants to let local high-tech companies use a processor developed in Israel with some state funding for free, thereby enabling them to reduce their dependence on chips from abroad and also save money.

Aviv Zeevi, the authority’s vice president for technological infrastructure, said the Israeli chip is suitable mainly for simple, basic purposes, meaning devices that don’t require massive processing power. Among these are devices used in the internet of things, medical devices, diagnostic tools, sensors and cameras.

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