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Apple may buy Israeli flash memory firm Anobit for $400-$500 million

Updated Dec 19th, 2018 7:38PM EST

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Apple may be preparing to purchase Anobit, an fabless Israeli firm that specializes in flash storage solutions for mobile and enterprise markets. The Cupertino-based company could be willing to spend between $400 million and $500 million on Anobit, Calcalist reported Tuesday. Anobit’s website says its memory signal processing (MSP) technology “significantly improves endurance, performance and cost of flash storage products and systems.” Apple is reportedly already an Anobit customer for its MacBook Air, iPhone and iPad product families. Anobit was founded in 2006, holds 95 total patents and currently employs about 200 people.

[Via TechCrunch]