Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Yemeni Armed Forces: The battle is the battle of the entire Ummah and for its salvation.
Yemeni Armed Forces: We cannot tolerate any US attack or aggression in support of the Israeli enemy against Iran because it means the confiscation of the freedom, independence, and dignity of our nation.
Yemeni Armed Forces: The Israeli enemy seeks complete control over the region and implements the Zionist plan with open American support.
Yemeni Armed Forces: We affirm Yemen's principled position in rejecting the Zionist aggression against our brothers in Gaza, Lebanon, Syria, and any Arab or Islamic country.
Yemeni Armed Forces: We affirm our readiness to participate in targeting US ships and warships in the Red Sea if the US attacks Iran.
Al Mayadeen's correspondent: Iranian air defenses repel Israeli attack on military site in Shiraz.
Al Mayadeen's correspondent in Iran reports the activation of air defenses over Kashan.
IRGC: Operation to transport handmade bombs foiled in Gilan, north of Iran.
Al Mayadeen's correspondent: Iranian police says dismantled "electronic bomb" in west Tehran.
Israeli media: Drone explodes in Route 90 in Arraba after interception attempts failed.

In new win for BDS, Samsung Next pulls out of Israeli tech industry

  • By Al Mayadeen English
  • Source: News websites
  • 11 Apr 2024 13:41
  • 56 Shares
3 Min Read

Samsung Next, which has invested in some 70 Israeli start-ups so far, is the latest to join the list of companies that have left the Israeli tech sector.

  • x
  • A logo of Samsung Electronics is seen at its Seocho building in Seoul, South Korea, Sunday, Oct. 25, 2020. (AP)
    A logo of Samsung Electronics is seen at its Seocho building in Seoul, South Korea, on Sunday, October 25, 2020. (AP)

Another win for the BDS movement has been recorded after Samsung Next, the innovation sector of the Korean tech giant, Samsung, announced shutting down its operations in "Tel Aviv", occupied Palestine.

Samsung Next, which has invested in some 70 Israeli start-ups so far, is the latest to join the list of companies that have left the Israeli tech sector, accounting for 50% of exports. According to the BDS movement, in 2023, investment in Israeli tech firms dropped by 56% as opposed to that in 2022. 

Funding for the Israeli cybersecurity sector in 2023 hit a 5-year low, possibly due to an emerging loss of confidence in "Israel’s" once-envied security prowess.

Israeli opposition leader Yair Lapid wrote last year, “Israel is no longer the Start-Up Nation. It’s a nation in crisis. It’s a political, social & int’l crisis, but its effects will be economic. … Some of the [economic] damage caused recently will take years to repair.”

This comes a few days after McDonald's Corporation announced plans to acquire all of its restaurants franchised by the Alonyal group in "Israel", encompassing the sale of all 225 restaurant locations and the retention of the entire staff, which entails at least 5,000 personnel. 

The corporation also noted that it remains "committed to the Israeli market", even though it has been a significant target of the vigorous boycotting campaign against franchises and businesses that extend support to the Israeli occupation, particularly following its war and genocide in the Gaza Strip. 

Bloomberg revealed in February that McDonald's Corporation faced a setback in its fourth-quarter performance as sales failed to meet investor expectations, primarily due to the impact of boycotting on Israeli-linked businesses.

Related News

EU flags 'Israel' human rights breach in association pact: Reuters

Gaza Resistance pounds invading Israeli forces in joint operations

Read more: BDS calls out Israeli tech industry as 'threat to the world'

Israel has always tested technologies of death, surveillance, disinformation and repression on Palestinians, exporting them to dictatorships & authoritarian regimes worldwide with pride. #MilitaryEmbargo pic.twitter.com/bYr5u24yLV

— BDS movement (@BDSmovement) February 17, 2023

Atta boy-cott!

The ongoing boycott aligns with the broader Boycott, Divestment, and Sanctions (BDS) movement, which seeks to exert pressure on "Israel" to comply with international law. Since its establishment, it has garnered global support, with thousands of volunteers advocating for its core principle of severing economic, cultural, and academic ties with "Israel" to champion the Palestinian cause.

"I don't think that me boycotting these brands would affect them."

Think again.#PalestineGenocide #GazaUnderAttack pic.twitter.com/rGkj8vVwKt

— Al Mayadeen English (@MayadeenEnglish) October 30, 2023

The impact of the BDS movement has been profound, particularly in causing economic repercussions for "Israel". Anti-Palestinian factions have gone so far as to label it an "existential threat", acknowledging its effectiveness in challenging "Israel's" economic stability.

In July, a bill was passed in the UK that forbids public figures from boycotting "Israel", a motion that was slammed by Alicia Kearns, a conservative member of the British parliament, saying it "gives impunity to Israel, something that should not be given" to any side.

Iranian leader Sayyed Ali Khamenei also stressed that "Muslim states must not cooperate with Israel economically," supporting and encouraging the boycott in several statements he had made in this regard.

Read next: Puma drops the ball, terminates sponsorship with IFA

  • Gaza Strip
  • Occupied Palestine
  • war on Gaza
  • Palestine
  • BDS
  • Israel
  • Gaza genocide
  • Israeli occupation
  • Boycott Israeli Products
  • Boycott Israel
  • Samsung
  • Gaza
War on Gaza

War on Gaza

Most Read

Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, occupied Palestine, Thursday, June 19, 2025. (AP Photo/Leo Correa)
Politics

'Israel' risks running out of Arrow 3 interceptors within weeks: WSJ

This is the Voice of America building in Washington D.C., on Monday, May 5, 2025. (AP)
Politics

Trump enforces mass VOA layoffs, 600 employees terminated

Iranian protestors carry portrait of Leader Sayyed Ali Khamenei and anti-Israeli signs during a protest to condemn Israeli attacks on multiple cities across Iran, June 20, 2025. (AP)
Politics

Israeli aggression uniting Iranians, including opposition: NYT

AP
Politics

Erdogan at OIC: No to new Sykes-Picot drawn in blood

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS