“Apple is reportedly going to use part of its enormous pile of cash to buy an Israeli fabless semiconductor company that specializes in flash storage solutions,” Robin Wauters reports for TechCrunch. “Calcalist reports – in Hebrew – that the world’s most valuable company is in talks to buy Herzliya Pituach, Israel-based Anobit for $400 million to $500 million.”
“If the report checks out, this would mark Apple’s first acquisition in Israel (and the first with Tim Cook at the helm as CEO), and also a rare occasion because the consumer electronics giant doesn’t usually buy non-software companies,” Wauters reports. “The only hardware companies Apple is known to have acquired in the past two decades were Steve Jobs-founded NeXT, Raycer Graphics, Intrinsity and P.A. Semi.”
Wauters reports, “According to Calcalist reporter Assaf Gilad, Apple relies on the company’s solutions for the iPhone, iPad and MacBook Air product lines, among other devices. South Korean Hynix is said to use Anobit’s solution for a flash memory chip you can find inside the iPhone 4S. Anobit says it has 21 granted patents (and 95 in total).”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Edward Weber” for the heads up.]