Apple to open R&D center in Israel: report

JERUSALEM Thu Dec 15, 2011 4:20am EST

People look at Apple products inside the newest Apple Store during opening on the East Balcony in the main lobby of New York City's Grand Central Station December 9, 2011. REUTERS/Eduardo Munoz

People look at Apple products inside the newest Apple Store during opening on the East Balcony in the main lobby of New York City's Grand Central Station December 9, 2011.

Credit: Reuters/Eduardo Munoz

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JERUSALEM (Reuters) - Apple will open a research and development center in Israel that will focus on semiconductors, the Globes business daily reported on Thursday.

The Israeli newspaper said the maker of iPods, IPads and iPhones has already hired Israeli high-tech veteran Aharon Aharon to run the center.

Apple was not available for comment.

Globes said that although Apple was a global innovation leader, it is a small investor in R&D. It invested $2.4 billion in R&D in 2010, just 2 percent of its revenue and less than other high-tech firms, it said.

The R&D center in Herzliya, Israel's version of Silicon Valley, would be Apple's first outside California, Globes said.

The newspaper said Apple vice president of R&D Ed Frank was currently visiting Israel.

Earlier this week, Israeli media reported Apple was in advanced talks to buy Anobit, an Israeli maker of flash storage technology, for $400-$500 million.

Apple has declined to comment on the report.

(Reporting by Steven Scheer; Editing by Dan Lalor)

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Comments (1)
socratesfoot wrote:
Yeay, more jobs outsourced overseas. Excuse me if I buy an Apple product, never!

Dec 15, 2011 1:52pm EST  --  Report as abuse
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