Apple Reportedly Buying Flash Memory Company Anobit For $400 Million – $500 Million (crunchgear?)
Apple is reportedly going to use part of its enormous pile of cash to buy an
Israeli fabless semiconductor company that specializes in flash storage
solutions. Calcalist reports – in Hebrew – that the world’s most valuable
company is in talks to buy Herzliya Pituach, Israel-based Anobit for $400
million to $500 million. If the report checks out, this would mark Apple’s
first acquisition in Israel (and the first with Tim Cook at the helm as CEO),
and also a rare occasion because the consumer electronics giant doesn’t
usually buy non-software companies. The only hardware companies Apple is known
to have acquired in the past two decades were Steve Jobs-founded NeXT, Raycer
Graphics, Intrinsity and P.A. Semi.
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