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.
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.
How much do you know about Amazon Web Services? Take our quiz here!
Judge orders X, Starlink bank accounts unfrozen after $3.3m transfer pays off fines imposed on…
Uber expands deal with Waymo from Phoenix to Austin, Texas and Atlanta as it faces…
Discover how Generative AI is transforming the retail experience with personalised interactions, AI-powered search, and…
US House of Representatives passes bill restricting tax credits for electric vehicles using battery technology…
NASA to launch 'Europa Clipper' mission to Jupiter's moon Europa next month as it seeks…
National Crime Agency arrests 17-year-old in Walsall over hack of Transport for London that compromised…