Thursday, January 12, 2012
Apple said 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 US$500 million its first acquisition of an Israeli company.
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.
Anobit has raised US$76 million (S$98 million) from Battery Ventures, Pitango Venture Capital and Intel Capital since it was founded in 2006.
By: DocMemory
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