Apple acquires Israeli flash memory firm Anobit for $500 million
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.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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