'Big Apple' Tim Cook to Visit Israel Next Week

Apple CEO Tim Cook is scheduled to arrive in Israeli next week to launch his company's new Israeli headquarters near Tel Aviv, Globes reported.

Israeli high-tech honchos and former President Shimon Peres at the inauguration in Herzliya, part of the Israeli version of Silicon Valley.

The Apple center will employ up to 800 people for development, marketing and sales. Apple has bought out two Israeli companies and hired their workers, as well as 150 employees laid off last year by Texas Instruments.