Apple said in talks to buy Israel chip firm Anobit
By Robert Daniel
TEL AVIV (MarketWatch) -- Apple Inc., is in talks to acquire Anobit Technologies Ltd, which provides specialized chips for the Cupertino, Calif., tech producer's devices, for $400 million to $500 million, an Israeli daily reported on Tuesday. The technology at Anobit, based in Herzliya Pituach, Israel, makes flash memory last longer and execute more quickly while reducing costs, the company's website says. Anobit says its tech is used by top producers of flash memory, consumer electronics and storage systems. The Calcalist online unit of the Israeli daily Yediot Achronot didn't say where it got the information. But it reported that Apple uses Anobit technology in the iPhone, iPad and MacBook Air laptop. The report also said that concurrent with the talks with Apple, Anobit is also mulling a financing deal with a top Asian flash-memory producer. The paper didn't identify the Asian firm.