Apple Buys Flash Memory Company Anobit for $500 Million

Posted on December 20, 2011 by

According to Reuters, Apple has purchased Anobit, the Israeli company that makes flash memory technology used in iPhones, iPads and MacBook Airs. With the reported purchase price of $500 million, this is Apple’s largest acquisition in the history of the company, even larger than the $472 million they paid for NeXT once 14 years of inflation is taken into account.

Apple is currently the world’s largest consumer of flash memory, so this is probably a good move for the company as more of their products transition to solid state memory.

We’ll keep you updated with more information as this story develops.

Source: Fortune

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  1. New Post: Apple Buys Flash Memory Company Anobit for $500 Million http://t.co/fIdsVU6t

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