Computer Chips

Israeli Company is Bought By Apple for $500 Million

CNBC is reporting that Apple has bought an Israeli company for up to $500 million.

Anobit, a maker of flash storage technology, for up to USD 500 million, the Calcalist financial daily reported on Tuesday. 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 USD 400-USD 500 million.

A Tech Company in Israel has attracted the attention and investment of Apple

Israeli Company is Bought By Apple for $500 Million

CNBC is reporting that Apple has bought an Israeli company for up to $500 million.

Anobit, a maker of flash storage technology, for up to USD 500 million, the Calcalist financial daily reported on Tuesday. 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 USD 400-USD 500 million.

A Tech Company in Israel has attracted the attention and investment of Apple
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