Apple to shelve out half a billion for Anobit?

Posted on Tuesday, December 13 2011 @ 21:50 CET by Thomas De Maesschalck
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


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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