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Apple's Anobit Acquisition Confirmed by Israeli Prime Minister

By - Source: via Engadget | B 10 comments

Apple has spent a reported half a billion dollars to acquire Anobit, a flash storage company in Israel.

Last week, we heard reports that Apple was thinking of buying itself a nice little flash storage company for Christmas. This week, the news of Apple's acquisition of Anobit, an Israeli fabless semiconductor company that specializes in streamlining flash memory, was reported by Calcalist financial daily and then seemingly confirmed by the Office of the Prime Minister of Israel.

Engadget reports that the news first appeared in the Calcalist, which valued the deal at $500 million, a figure that matches last week's rumors. The news report was then confirmed via a tweet from the Twitter account for the Office of the Prime Minister of Israel.

"Welcome to Israel, Apple Inc. on your 1st acquisition here. I'm certain that you'll benefit from the fruit of the Israeli knowledge," the tweet from Dr. Eitan Eliram, who manages the account, reads.

Neither Apple nor Anobit has commented on the deal, which is not unusual, as Cupertino often doesn't comment publicly on its acquisitions. Anobit represents one of only a handful of hardware companies acquired by Apple. This includes NeXT, which was founded by Steve Jobs after he was ousted from Apple, and PA Semi, a fabless semiconductor company that was acquired by Apple in April of 2008 for $278 million in cash.

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  • 1 Hide
    thehelix , December 21, 2011 4:15 PM
    Is it just me who thinks that it is sad for a prime minister to make that statement...
  • -3 Hide
    extremepcs , December 21, 2011 4:23 PM
    So what will Apple do when the Palestinians blow up the factory? Send in the Apple Police?
  • -1 Hide
    amk-aka-Phantom , December 21, 2011 4:33 PM
    TheHelixIs it just me who thinks that it is sad for a prime minister to make that statement...


    Nope, not just you. At least he isn't as bad as the Russian president, who openly advertises Apple gadgets on G8 (or WTF is it nowadays) meetings and so on :lol: 
  • 0 Hide
    igot1forya , December 21, 2011 4:34 PM
    extremepcsSo what will Apple do when the Palestinians blow up the factory? Send in the Apple Police?

    The Apple Police are a ruthless bunch! There will be casualties...
  • 7 Hide
    Zhenne , December 21, 2011 4:56 PM
    TheHelixIs it just me who thinks that it is sad for a prime minister to make that statement...


    Why is it sad? Apple is a big and influential company and why wouldn't Israel's prime minister want to advertise that Apple decided to invest in his country?

    Plus, it was just polite and good manners to welcome Apple into your country.
  • 8 Hide
    del35 , December 21, 2011 6:01 PM
    "So what will Apple do when the Palestinians blow up the factory?"

    They will patent the damages so that anyone who gets attacked by
    angry Palestinians has to pay royalty.
  • 0 Hide
    jacobdrj , December 21, 2011 6:14 PM
    I am surprised it took Apple that long to tap into Israel's resources.
    It took Intel a while to do it too, but once they did, it opened the door for the Core series that ultimately lead to Core 2 and the i series that are so successful now...
  • -1 Hide
    ericburnby , December 22, 2011 3:16 AM
    Huge acquisition for Apple. Anobit has developed a lot of cutting edge technology to improve flash memory.

    This story probably won't get many comments since it's not hate fodder (like an Apple lawsuit), but this is far bigger news than any of those disputes.
  • 0 Hide
    blackened144 , December 22, 2011 12:10 PM
    __-_-_-__Does the PM advertises other companies too?

    Their were press releases when Intel began working in Israel.. But that was a long time ago.. Way before Twitter..
  • 1 Hide
    eddieroolz , December 23, 2011 11:36 AM
    I respect Israel for building up a strong industry and country from nothing.