The story says that Anobit "has developed a chip that enhances flash drive performance through signal processing." The chip reportedly is used in the iPhone, iPad and the MacBook Air.
"Anobit's MSP (Memory Signal Processing) technology is comprised of proprietary signal processing algorithms combined with advanced error correction and innovative flash management schemes, resulting in a dramatic improvement in endurance, performance and system cost," the company says on its Web site.
The Reuters piece also notes that Anobit was also considering a large financing round with "a leading Asian flash memory manufacturer."
Calcalist noted that Anobit's list of clients includes flash memory makers Samsung and Hynix.
Based in Herzeliya Pituach, Israel, Anobit has raised $76 million from Battery Ventures, Pitango Venture Capital and strategic investors since it was founded in 2006.
AAPL this morning is up $1.42, or 0.4%, to $393.26.
