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Israel Trade & Economic Office, Embassy of Israel

Official Blog Network

Israeli startup Anobit could be first Israeli investment by Apple

Rumor has it that Apple is in advanced negotiations for the acquisition of Israeli startup Anobit for about $400-$500 million. This would be the first Apple acquisition of an Israeli company. Anobit developed a chip which enhances flash drive performance through signal processing (DSP). The chip is already incorporated in Apple’s bestselling devices, such as the iPhone, iPad and the MacBook Air.

For the full YNET article click here.