Apple's roaring chip business has a new M&A target, executive says: Israeli start-ups

Apple's roaring chip business has a new M&A target, executive says: Israeli start-ups

7 years ago
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https://www.cnbc.com/2017/11/14/johny-srouji-apple-start-up-acquisitions-to-focus-on-chips-israel.html

The boss of one of Apple's hottest units — chips — said this week that the iPhone maker is eyeing Israeli technology, specifically around flash storage and sensors.

Israel could be a target for an Apple acquisition "because we have to have the best technology to differentiate ourselves," Johny Srouji, Apple's senior vice president of hardware technologies, told Hebrew daily business paper Calcalist. "We don't make buys to increase workforce and to obtain new talented workers, we do it for the technology."