Apple in talks to buy Anobit - report

2011-12-13 21:27
Jerusalem - An Israeli daily is reporting that Apple Inc is in advanced talks to buy Israeli flash memory technology-maker Anobit Technologies Ltd for up to $500m.

The Calcalist financial daily reported on Tuesday that the deal, if it goes through, would be one of Apple's largest acquisitions and its first in Israel.

Anobit had no immediate comment. Apple could not immediately be reached because of the 10-hour time difference between California and Israel.

Calcalist says Apple already incorporates an Anobit chip that improves flash drive performance in its iPhone, iPad and MacBook Air devices.

Anobit has raised more than $70m from investors including Intel Capital.
Read more on:    apple  |  iphone  |  mobile

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