People have been wondering what should Apple do with its enormous pile of cash. If TechCrunch is to be believed, a new report suggests that Apple is about to spend between $400 and $500 million to acquire Anobit, an Israeli-based flash memory chip maker.
If this is a true, it would be the 5th Hardware company acquired since the first Steve Jobs founded NeXT, Raycer Graphics, Intrinsity and P.A. Semi.
Anobit provides flash storage solutions for enterprise and mobile markets, based on its proprietary MSP (which stands for ‘Memory Signal Processing’) technology. Its solutions are designed to improve the speed, endurance and performance of flash storage systems while driving down the cost.
According to Calcalist report, Apple relies on the company’s solutions for the iPhone, iPad and MacBook Air product lines, among other devices. South Korean Hynix is said to use Anobit’s solution for a flash memory chip you can find inside the iPhone 4S.
Apple is likely interested in the 200-people company to add them to its base of engineering talents.