Apple’s Acquisition Of Anobit For $500 Million Confirmed

Apple’s $500 million acquisition of Israeli flash storage company Anobit has been confirmed. The news was confirmed by Israeli newspaper company Calcalist. As of earlier this month, I wrote about how it was simply a rumor. Apple will be opening an R&D facility in Israel as a result of the acquisition. Anobit is known for developing a chip that enhances flash drive performance using signal processing. This chip is already used in the iPhone, iPad, and MacBook Air. [Ars Technica]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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