Apple buys Anobit for up to $500 millionDecember 21, 2011 - 10:01 AMT PanARMENIAN.Net - Apple has bought Israel's Anobit, a maker of flash storage technology, for up to $500 million, Reuters reports citing the Calcalist financial daily. The newspaper said Anobit's management was in the process of gathering its staff to formally announce the acquisition by Apple. Last week Calcalist had reported that Apple was in advanced talks to buy Anobit for $400-$500 million. In addition to the acquisition, Apple will also open a research and development centre in Israel, its first outside the United States, Calcalist said. Anobit and Apple were not available for comment. Anobit has developed a chip that enhances flash drive performance through signal processing. The chip is already incorporated in Apple devices such as the iPhone, iPad and the MacBook Air. Last week, Calcalist said Apple was interested in Anobit's technology to increase and enhance the memory volume and performance of its devices. The chip may as much as double the memory volume in the new iPads and MacBooks. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |