Delek Automotive to Write Off Most of Its Investment in Chipmaker Hailo After Mass Layoffs

First reported by TheMarker · Jun 8, 2026

What happened

Hailo Technologies said it is laying off about 110 employees, or 50% of its workforce, as it seeks to streamline operations and stabilize the company. Delek Automotive said it will write off most of its remaining investment in Hailo after a planned SPAC merger fell through. The chipmaker, which develops AI processors for edge devices, has faced financial strain and rising competition.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

Full coverage · 2 outlets

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GlobesUnrated · HebrewJun 8, 2026

Delek Automotive to Write Off Most of Its Investment in Chipmaker Hailo After Mass Layoffs

TheMarkerUnrated · HebrewJun 8, 2026

Chipmaker Hailo Cuts 50% of Its Workforce, 110 Employees to Be Laid Off

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