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Palestinian Engineers Poised for Riches from Israeli Tech Firm's Takeover
(Reuters) Rami Ayyub and Tova Cohen - Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp. is completed. Mellanox offered stock options to more than 100 Palestinian engineers in the West Bank and Gaza when it hired them as contractors. The Palestinian designers and coders will now be able to exercise those options after the takeover - worth an estimated $30-40,000 per employee.