Apple confirmed on Tuesday its acquisition of Anobit Technologies, an Israel-based flash memory component maker, though it declined to reveal the cost of the deal.



From AppleInsider:

Reports emerged last month that Apple planned to acquire the company for as much as $500 million. A Hebrew-language newspaper claimed in late December that the deal had been finalized.

Apple is also believed to be planning a semiconductor development center in Israel, a move that could synergize well with its recent acquisition. The facility would be the first of its kind for the company, which has preferred to contain research efforts within its headquarters.

  Apple confirms purchase of flash memory company Anobit