Apple’s Acquisition Of Anobit For $500 Million Confirmed

Posted Dec 21, 2011

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]