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]
Apple Inc. (NASDAQ:AAPL) is rumored to be acquiring Anobit, an Israeli fabless semiconductor company that specializes in flash storage for between $400 and $500 million. This would be Tim Cook’s first big acquisition since taking over as CEO. Apple also rarely buys hardware companies as they tend to focus more on software acquisitions.
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