Report: Amazon Acquires Annapurna Labs For $350-370M

January 22, 2015 | According to a “Calcalist” report, Amazon is in talks to acquire the Israeli chip-making company Annapurna Labs for $350-370 million. Calcalist reports that the companies are in the final stages of negotiations and that, as part of the deal, Amazon will open up an Israeli research and development center in the country. If the deal goes through, this will be Amazon’s first acquisition of an Israeli company, but it wont be Annapurna founder Avigdor Willenz’s first big pay day; in 2001 he sold his chip-making company Galileo to Marvell for $1.2 billion. Annapurna itself was founded in 2011 Avigdor Willenz and has seen several tens of millions in investments from companies like the British chip-maker ARM and the venture capital firm Walden International.