Printed from http://www.electronista.com

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
Post tools:

TAGS :

toggle

Comments

  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

    0

    In your face Samsung

    !

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

DXG IronX 5G9V HD action cam

Since the introduction of the GoPro, numerous action cams have come out of the woodwork to tackle the consumer need for camcorders tha ...

Sponsor

toggle

Most Commented

 
toggle

Popular News