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Apple Buys Israeli Memory

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Israeli based Anobit Technologies, which already makes drives for both iPad and iPhone is now Apple owned, a spokesperson has confirmed to Bloomberg.

Apple also refused to comment on its plans for the company described on its website as supplying “flash storage solutions for the Enterprise and Mobile markets. ”

“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” a spokesperson said.

The company is believed to have paid between $400 million and $500m for the flash drive giant – a useful buy in its bid to improve NAND drive memory on its devices, all of which use the chip technology, first introduced by Toshiba in 1989.

The company, which has just 200 employees, many of which are engineers, develops a chip which enhances the performance of flash drives using data signal processing (DSP) technology.

The acquisition was first reported by local paper Cacalist late last year.

Anobit could also mark Apple first research and development centre outside its native US, following the likes of Microsoft and Intel.