Four years after it stopped producing NAND-Flash memories for the iPhone, Apple has reportedly reached a deal with the South Korean tech giant to be the company’s solid-state storage supplier for next year’s iPhone refresh.

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.

Apple’s domination of NAND flash is so complete that even when the industry figures out a way to greatly improve their efficiency, they’ve got to sit around and wait for Cupertino to approve it.