[December 15, 2011] UNITED STATES : Apple negotiates acquisition of flash storage firm Anobit [TendersInfo (India)] Tweet (TendersInfo (India) Via Acquire Media NewsEdge) Apple is in discussions for the acquisition of a flash memory designer company Anobit. According to the sources, the acquisition could cost approximately US$500 million. Through the deal, Apple will gain control over Anobit s technology and designs for enhancing performance and speed with low-cost flash storage systems. Apple may also be acquiring another chip design company. According to the firm, its Memory Signal Processing technology includes proprietary signal processing algorithms integrated with advanced error correction and innovative flash management schemes, resulting in a dramatic improvement in endurance, performance and system cost. (c) 2011 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company [ Back To TMCnet.com's Homepage ]