Apple Reportedly Acquires Anobit for $500 Million

Apple has reportedly finalized its acquisition of Anobit, a flash memory maker, for a huge sum lying between $400 million and $500 million.

The Hebrew-language newspaper Calcalist reports that the company has recently informed its employees about the finalized deal with Apple. However, the final amount of sum is not yet disclosed by either of the company, but it is expected to be somewhere around half-billion dollars.

The major reason behind the Apple’s acquisition of Anobit is an attempt to extend the memory in its portable devices, including iPhone, iPad, iPod touch and MacBook Air, along with improving the consistency of solid-state memory.

Apple is also planning to set up a development center in Haifa, where Microsoft, Yahoo, Qualcomm, Intel and Google already have their facilities. This is the first major acquisition by Apple after having Tim Cook as its CEO.

The rumors regarding this deal between Apple and Anohit surfaced almost a week ago and today all those speculations became true. As for Anohit, it is an Israeli fables semiconductor company based on 200 employees. The company has specialized in flash memory storage and what has fanaticized Apple about this company is its proprietary memory signal processing technology.

The company was established back in 2006 and owned about 100 pending and granted patents. The ISI Group analyst, Brain Marshall indicated earlier that the acquisition sum of $500 million would be around 7 times the $80 billion it has raised in invested capital.

Apple’s supposed acquisition of Anobit can also be seen in a perspective of company’s intentions to establish a semiconductor development center in Israel. If Apple manages to set up its facility in the region, it would be its first strategic development center outside the Cupertino, California, headquarters.

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