Apple Purchases Israeli Tech Company

By JTA January 12, 2012

Apple purchased its first Israel-based company, Anobit Ltd., a flash storage solutions provider, for about $390 million.

The acquisition, at a price lower than the $500 million originally reported, comes nearly three weeks after an Israeli financial newspaper announced that the purchase was imminent. The deal was signed Jan. 6, Bloomberg reported.

Apple had announced in December that it will open a development center in Israel focusing on semiconductors, reportedly the first to be opened outside of its California headquarters.

A message from our Publisher & CEO Rachel Fishman Feddersen

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

The coming year promises to be filled with more complex and historic developments. We are entering an era where independent, fact-based Jewish journalism will be more important than ever. We need to be ready for whatever 2025 will bring, and with your help, we can be.

We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.

If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.

— Rachel Fishman Feddersen, Publisher and CEO