 |
Housing pop is no bubble: Trulia CEO
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
Read
- Special Report: Syria's Islamists seize control as moderates dither
- Angelina Jolie stunt double sues News Corp over hacking
- Global shares flat, dollar steady before Fed decision
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Journalist who brought down U.S. general is killed in Los Angeles car crash
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
The Afghan Army
The many faces of the Afghan National Army, which has taken over security of the country from NATO. Slideshow
Sponsored Links
Apple buys Israel's Anobit for $500 million: report
Raindrops are seen in front of an Apple logo outside an Apple retail store in Shanghai August 25, 2011.
Credit: Reuters/Aly Song
JERUSALEM |
JERUSALEM (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.
The newspaper said Anobit's management was in the process of gathering its staff to formally announce the acquisition by Apple.
Last week Calcalist had reported that Apple was in advanced talks to buy Anobit for $400-$500 million.
In addition to the acquisition, Apple will also open a research and development centre in Israel, its first outside the United States, Calcalist said.
Anobit and Apple were not available for comment.
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.
Last week, Calcalist said Apple was interested in Anobit's technology to increase and enhance the memory volume and performance of its devices. The chip may as much as double the memory volume in the new iPads and MacBooks.
(Reporting by Steven Scheer; Editing by Helen Massy-Beresford)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters