RUMOR: Apple Buying Flash Storage Company Anobit

Posted on December 13, 2011 by

Apple is looking into buying Israeli flash storage company Anobit for approximately $400-$500 million dollars, according to TechCrunch. Anobit is a semiconductor company that specializes in flash storage. If Apple follows through with this acquisition, it would be one of the company’s largest ever, comparable to the takeover of NEXT back in 1997.

Anobit provides flash storage solutions for the Enterprise and Mobile markets. It’s MSP™ (Memory Signal Processing) technology significantly improves the endurance, performance and cost of flash storage products and systems. Anobit’s products are used by world leading flash manufacturers, consumer electronics vendors and storage system providers.

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