Tag: Anobit

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. Calcalist reports in Hebrew that the worlds 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 Apples 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 doesnt usually buy non-software companies. 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.