Roundup: Israeli government tries to help high-tech companies after SVB crisis

JERUSALEM, March 15 (Xinhua) -- The collapse of Silicon Valley Bank (SVB) in the United States has got a serious impact on Israel's high technology sector, a pillar of the country's economic growth, while the government is trying to help the impacted firms to overcome the crisis.

The fallout of SVB failure hit the headlines of Israel's news outlets in the past few days. In an article titled "A Black Weekend for Israeli High-tech After SVB Collapse" published on its website, Israel's influential newspaper Haaretz noted that Israeli high-tech firms and startups endured a weekend of anxiety and panic after the tailspin that led to the collapse of Silicon Valley Bank.