Apple is in talks to purchase Israeli company Anobit for $400-$500 million, according to a new report. Citing a report from Hebrew-based Calcalist, TechCrunch reports that should the deal go through, it would be Apple’s first acquisition in Israel and the first under new CEO Time Cook. Anobit is a fabless semiconductor company that specializes in flash storage solutions, which are designed to improve speed, endurance, and performance of flash storage systems while driving down cost. According to the Calcalist report, Apple relies on Anobit’s solutions in the iPhone, iPad, and MacBook Air, among other devices.
Apple to buy flash memory firm Anobit?
Charles Starrett
Charles Starrett was a senior editor at iLounge. He's been covering the iPod, iPhone, and iPad since their inception. He has written numerous articles and reviews, and his work has been featured in multiple publications.