TEL AVIV, Israel--(BUSINESS WIRE)--Elron Electronic Industries Ltd. (TASE & NASDAQ:ELRN), announced today that Intel Capital, Intel’s global investment organization, has completed an US$11 million investment in Jordan Valley Semiconductors, an Elron group company. Following the transaction, Elron holds approximately 21% of the outstanding shares of Jordan Valley, subject to adjustment based on Jordan Valley’s future performance. Clal Electronics Industries Ltd. (“Clal”) is the other major shareholder of Jordan Valley. Both Clal and Elron are part of the IDB group of companies.
