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John Page
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Apple acquires flash storage company Anobit for $500 Million

Reuters reports that the Israeli flash storage company Anobit was acquired by Apple for $500 million dollars.Last week Calcalist had reported that Apple was in the talks to buy Anobit for $400-$500 million. Apple also plans to open a research and development centre in Isreal which will be its first outside of the United States.

Anobit has developed a chip that enhances flash drive performance through signal processing. The chip is already in Apple devices such as the iPhone, iPad and the MacBook Air.
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.


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