Report: Apple Buys Israel's Anobit for $500 Million

(Reuters) Apple has bought Israel's Anobit, a maker of flash storage technology, for up to $500 million, the Calcalist financial daily reported on Tuesday. Anobit has developed a chip that enhances flash drive performance and may as much as double the memory volume in new iPads and MacBooks. The chip is already incorporated in Apple devices such as the iPhone, iPad and MacBook Air.


2011-12-21 00:00:00

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