Apple acquires Anobit for $500 million, will set up R&D in Israel
Apple has consumed yet another piece of the puzzle in a bid to have all in-house manufacturing. Apple uses all Nand Flash storage in their iDevices, including iPod, iPad and the iPhone, an acquisition of a company that manufacturers this storage was an obvious step from the self sustained giant. Apple has bought Anobit for a straight sum of US $ 500 million, with aims to lower costs and improve efficiency in their manufacturing process.
“Welcome to Israel, Apple Inc. on your [first] acquisition here. I’m certain that you’ll benefit from the fruit of the Israeli knowledge.”
Apple is also planning to set up its first off-US Research & Development lab in Israel, with no confirmations from either sides of the deal. Apple is expected to come clean in its next financial report, where it shall disclose billions of dollars in earnings and some million spending.