Mellanox

Shirit Belfer Schwartzblat, senior director at Nvidia Israel, discusses her journey from Mellanox to leading AI chip verification teams and championing women in tech.

Israeli-developed technologies drive approximately 70% of Nvidia's networking business, which generated $32.3 billion in the first half of fiscal 2027. Nvidia's corporate tax payment in Israel reached $1.287 billion.

Although Nvidia stopped separately disclosing the revenues of its Israeli communications division, data revealed in the investor call point to sales of about $17.5 billion in the second quarter. The activity, based on Mellanox technologies, continues to account for about 18% of the company's revenues and contribute significantly to the growth of the Israeli economy.

The growth data published this week highlighted Israel's dependence on the chip giant Nvidia. However, unlike the past, when Intel was the dominant company in the local industry, this time it is a new type of risk: production is carried out abroad and the products do not pass through Israel at all. And also: is the chip giant on its way to receiving state benefits?