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Apple to shelve out half a billion for Anobit?

Posted on Tuesday, December 13 2011 @ 21:50:11 CET by


Word is out on the streets that Apple is in talks to buy flash memory chip designer Anobit for $500 million:
Apple Inc is in talks to buy Israel's Anobit, a maker of flash storage technology, for as much as $500 million, according to a report published on Tuesday.

The Calcalist financial daily said Apple is in advanced negotiations to buy Anobit for $400 million to $500 million.

Anobit has developed a chip that enhances flash drive performance through signal processing. The chip is already incorporated in Apple devices such as the iPhone, iPad and the MacBook Air.

Anobit is also examining a large financing round with a leading Asian flash memory manufacturer, Calcalist said.
Source: Reuters



 



 

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