Amazon May Buy Annapurna for Up to $370 Million, Calcalist Says Inc. is in advanced talks to purchase secretive Israeli semiconductor company Annapurna Labs for as much as $370 million from technology entrepreneur Avigdor Willenz, according to Calcalist, a local newspaper.

The talks, which are in their final stages, would include an accord to establish a research and development center in Israel, the newspaper reported, without saying how it obtained the information. Amazon has been looking to buy a company in Israel to improve its cloud services, the newspaper said.

Annapurna Labs managers have refused to elaborate on its products, Calcalist said. The company develops microprocessors that allow fast data traffic for low-power computing servers and storage servers, according to the newspaper. Annapurna’s website doesn’t explain what it does. Spokesmen for Annapurna and Amazon didn’t immediately reply to requests from Bloomberg News for comment.

The chip developer is one of several that have sprouted in Israel over the past decade. Its owner, Willenz, was the founder of Galileo Technology Ltd., which was sold to Marvell Technology Group Ltd. in 2001.

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