Apple completes acquisition of flash memory company Anobit

According to financial news site Calcalist, Apple has closed the deal to acquire Anobit, an Israeli based NAND flash memory firm, for upwards of $500 million dollars.

The acquisition is reportedly based on Anobit's innovative, efficient storage solutions based on its proprietary MSP (Memory Signal Processing) technology. The technology should help Apple save bundles of money by lowering costs while at the same time significantly boosting performance and capacity in the memory chips they use throughout their device lineup -- specifically iOS devices like the iPhone, iPad and iPod touch, and SSD dependent portables like the MacBook Air.

Apple has yet to comment on the rumor of the purchase.

Source: Calcalist via BGR