Apple has confirmed its rumored $500 million acquisition of Israeli flash memory firm Anobit. Reports started circulating last month that the Cupertino company was interested in purchasing Anobit for its flash storage prowess. It was concluded that Apple was looking to become a major player in the flash storage industry.
Steve Dowling, a spokesman for Cupertino, California-based Apple, said today that the purchase had been made, while declining to elaborate. The statement confirmed a December report from in the Israeli newspaper Cacalist.
“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” Dowling said in a telephone interview.
Apple is already the largest buyer of NAND flash in the world, and the acquisition of Anobit will help the company create its own chip technology and reduce its need for other suppliers. Anobit has recently been working on Memory Signal Processing (MSP) technology to offer faster and more reliable flash storage at an affordable price.