Apple confirms purchase of Israel-based Flash-memory part maker Anobit

“Apple Inc. said it acquired Anobit Technologies Ltd., an Israeli company that makes a flash-memory drive part for the iPhone and iPad, confirming a press report from last month,” Adam Satariano and Shoshanna Solomon report for Bloomberg.

“The deal helps Apple secure supplies of a key component for its top-selling devices. Anobit makes high-performance controllers used to optimize the memory capabilities inside products such as the iPhone and iPad,” Satariano and Solomon report. “Apple is the world’s largest buyer of NAND flash memory, accounting for about 23 percent of consumption last quarter, according to a Jan. 6 report from Sanford C. Bernstein & Co.”

Satariano and Solomon report, “The Anobit deal, whose cost Apple wouldn’t disclose, is the company’s first acquisition in Israel, where Intel Corp., Hewlett-Packard Co. and Microsoft Corp. have established operations.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]

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