Apple buys Israeli technology firm Anobit
JERUSALEM (Reuters) - Apple said on Wednesday it had bought Israel's Anobit, a maker of flash storage technology whose chips it already uses in gadgets such as the iPad.
Israeli media reported on December 20 that Apple bought Anobit for as much as $500 million, its first acquisition of an Israeli company. Apple declined to comment at the time.
"Yes ... we did buy Anobit," Apple spokesman Alan Hely said in an e-mail to Reuters, declining to elaborate. "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans."
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.
The Calcalist financial daily reported last month that Apple, among one of the largest buyers of flash memory, 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.
Anobit has raised $76 million from Battery Ventures, Pitango Venture Capital and Intel Capital since it was founded in 2006.
(Reporting by Steven Scheer; Editing by Erica Billingham)
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial |
- Google bus blocked in San Francisco gentrification protest
- Reporter can keep sources secret in Colorado theater shooting: court
- Couple, four children missing in Nevada found safe in canyon
- Regulators seek to curb Wall St. trades with Volcker rule |
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more