Amazon In Talks To Buy Israeli Chipmaker

Ben Sullivan,
drones

Israeli chipmaker Annapurna Labs eyed up for possible £244 milion deal

Amazon is reportedly in discussions regarding the purchase of Israel-based chip manufacturer Annapurna Labs for up to £244 million.

Israeli financial newspaper Calcalist first reported the story, claiming that both companies are in the final stage of negotiations.

annapurna labsR&D centre

The paper also claimed that the buyup would include an agreement which would see Amazon open an R&D centre in the country.

Annapurna Labs is a startup which has so far raised millions of dollars in private funding. According the the firm’s website, “teamwork, efficiency, hard work, and ethics” are top priority.

The company does also have an office in San Jose, California. Its investors include British-based ARM and venture capitalists Walden International.

This week, US storage firm Dropbox acquired Israeli company CloudOn. The firm is a mobile document editing tool developer.

CloudOn made apps that let users create and edit Microsoft Office files on mobile devices. The firm will now shut down its services following the acquisition with Dropbox gaining an Israel office of operations.

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