View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 23, 2015

Amazon buys Israeli chip maker for $350m

The deal will also see Amazon open a research and development centre in Israel.

By

Amazon has agreed to buy Annapurna Labs, an Israeli chipmaker, in a bid to help the online retail giant bolster its cloud computing services in Israel.

The Seattle-based company, which recently pledged to power its data centres with wind, is expected to pay about $350m for the transaction, according to a report by Calcalist, a local Israeli newspaper.

It added that the proposal includes a deal by Amazon to open a research and development centre in Israel.

Annapurna, based in Yoqneam, was founded in 2011 by Avigdor Willenz, who founded a chip-design company Galileo Technologies, which was sold to Marvell Technology for $2.7bn in 2000.

The startup has disclosed little details about its operations, but Calcalist reported that it develops microprocessors, which are designed to provide fast data traffic for low-powered servers.

The news comes after Dropbox said it would buy CloudOnm, an Isreali startup that provides document editing services, earlier this week.

Content from our partners
How to combat the rise in cyberattacks
Why email is still the number one threat vector
Why HR must take firm steps to become a more data-driven function

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU