Apple Acquires Flash Part Maker Anobit. Apple Inc.
(AAPL) said it acquired Anobit Technologies Ltd., an Israeli company that makes a flash-memory drive part for the iPhone and iPad, confirming a press report from last month. The deal helps Apple secure supplies of a key component for its top-selling devices. Anobit makes high-performance controllers used to optimize the memory capabilities inside products such as the iPhone and iPad. Apple is the world’s largest buyer of NAND flash memory, accounting for about 23 percent of consumption last quarter, according to a Jan. 6 report from Sanford C. Bernstein & Co. Steve Dowling, a spokesman for Cupertino, California-based Apple, said today that the purchase had been made, while declining to elaborate.
“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” Dowling said in a telephone interview. The Anobit deal, whose cost Apple wouldn’t disclose, is the company’s first acquisition in Israel, where Intel Corp. Research Center. Anobit. Anobit Technologies, Ltd.
(Hebrew: אנוביט) is an Israeli fabless designer of flash memory controllers.[1] Background[edit] The firm was founded in 2006. It has a portfolio of 65 patents (24 granted and 41 pending),[2] including Memory Signal Processing technology.[3] It is headquartered in Herzliya, with an American office in Marlborough, Massachusetts. Purchase[edit] Anobit was purchased on January 6, 2012 by Apple Inc. for a reported $390 million.[4] See also[edit] References[edit]
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