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Apple buys Israeli flash storage company Anobit, report says

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According to Israeli paper The Calcalist, Apple has bought flash storage company Anobit for between $400 and $500 million.

Anobit Chip
Anobit Chip

Corroborating previous reports, The Calcalist said today that Apple has acquired Anobit, an Israeli flash storage company, for between $400 and $500 million. The company would be Apple's first acquisition in Israel, and may be part of a larger research and development project there. Neither Apple nor Anobit has confirmed the deal, but the Office of the Israeli Prime Minister has posted a Tweet congratulating Apple:

This purchase would better integrate Apple into the supply chain, and would let it get Anobit's storage-optimizing controller chips at cost — they're reportedly used in the iPad, iPhone, and MacBook Air. There's also been speculation that Apple will use its resources to help Anobit develop its technology faster, or to stake out an advantage over fellow Anobit customer Samsung. Without an official statement, we'll have to wait to see what Apple has planned, but this is probably as close to confirmation as we're going to get.