Apple concludes US$500m Anobit purchase

20 Dec 2011

The iPhone 4S

Apple has reportedly completed its acquisition of Israel-based chip firm Anobit, a maker of flash storage technology.

Hebrew newspaper Calcalist reports that Anobit’s flash memory chip uses a unique technology for signal processing.

Final negotiations are understood to be concluded and the final price tag was between US$400m and US$500m.

Its technology is already embedded in the iPhone, the iPad and the MacBook Air.

Anobit’s technology increases the amount of memory in a device.

The company has raised US$76m in the last four years from Micron, Intel Capital and Pitango Venture Capital.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years