Apple has decided to open a Research & Development (R&D) Center in Israel that would focus on Semi-conductors.
According to news reports in Israeli newspapers, Apple has hired Aharon Aharon to run the center. Aharon is a renowned authority on technology.
The news reports claimed that despite being a global innovation leader, Apple invested little in R&D. It invested $2.4 billion in R&D in 2010 which was just 2 percent of its revenue. Reports claimed that it was lesser than what other high-tech firms invested in R&D.
The R&D center will be opened in Herzliya which is known as the Silicon Valley of Israel. This is the first time Apple would be opening a center outside California. Earlier this week, there were various reports of Ed Frank, the Apple Vice President for R&D visiting Israel.
Though, Apple declined to comment, there were reports in Israeli media, earlier this week that Apple was in advanced talks to buy Anobit, an Israeli maker of flash storage technology, for $400-$500 million.