Apple acquires Israeli flash memory firm Anobit for $500 million
By: Zach Epstein | Dec 20th, 2011 at 06:50PM
Apple has reportedly completed its acquisition of Israel-based flash memory firm Anobit in a deal worth up to $500 million. Hebrew-language financial newspaper Calcalist on Tuesday claimed that a deal had been reached after reporting earlier this month that Apple was in late-stage talks to buy the fabless chip maker. Apple has not confirmed the acquisition. Anobit’s website says its proprietary technology “significantly improves endurance, performance and cost of flash storage products and systems,” and Apple already uses Anobit’s chips in a number of its mobile devices and notebook computers.
This post originally appeared on BGR: The Three Biggest Letters In Tech.com
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