Apple Buys Israeli Flash Manufacturer 114
Lucas123 writes "According to published reports Apple is plunking down up to $500 million to purchase solid-state drive start-up Anobit Technologies. Even Israeli Prime Minister Benjamin Netanyahu tweeted about the deal congratulating Apple on its first acquisition in his country. Apple is planning to use the acquisition to set up to set up a semiconductor development center in Israel. Apple already uses NAND flash from Anobit in its iPhone, iPad and MacBook Air products, according to the reports."
Is this the trend? (Score:4, Interesting)
Re:Huh? (Score:5, Interesting)
This is quickly changing, however. Chinese companies are establishing themselves as brands, and they themselves are using up the workforce. The pendulum is starting to shift the other way -- Chinese companies are setting up "beachheads" in Europe, and are even outsourcing jobs to cheaper countries.
Re:Vertical Integration (Score:4, Interesting)