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Apple confirms December buyout of Anobit

updated 10:45 am EST, Wed January 11, 2012

Details still left ambiguous

Apple has officially acknowledged last month's acquisition of Anobit, according to Bloomberg. The statement was made through Apple spokesman Steve Dowling. He has declined, however, to provide any other information. "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans," he is quoted as saying in a phone interview.

Outside reports have pegged the value of the deal at between $400 to $500 million. Anobit is an Israeli firm specializing in flash memory technology that improves the reliability of multi-level cell flash memory. Apple may want the firm to gain control over an important part of its supply chain. It may also want to further optimize its use of flash, much in the same way that the company's buyout of PA Semi led to the creation of the optimized (and proprietary) A series of mobile processors.



By Electronista Staff
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  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

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    In your face Samsung

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