JERUSALEM Apple Inc. is in advanced talks to buy Israeli flash memory technology-maker Anobit Technologies Ltd. for up to $500 million, according to a report Tuesday in the Israeli financial daily Calcalist. The report said that if the deal goes through, it would be one of Apple's largest acquisitions and its first in Israel. Anobit had no immediate comment. Apple could not immediately be reached because of the 10-hour time difference between California and Israel. Calcalist says Apple already incorporates an Anobit chip that improves flash drive performance in its iPhone, iPad and MacBook Air devices. Anobit has raised more than $70 million from investors, including Intel Capital.
Apple takes bite out of Israeli technology
Abonit is a flash memory technology-maker • Purchase would be one of Apple's largest acquisitions yet, and the first time it does business in Israel.
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