Apple Buys Palo Alto Semiconductor (PA Semi)

DigiTimes (via Engadget) is reporting that Apple is once again draining the world dry of NAND Flash memory chips ahead of an anticipated summer iPhone hardware refresh.

The iPhone 3G has one NAND Flash memory slot, currently maxing out at the 16GB density. So, if Apple is planning to take it to 32GB, higher density chips will of course be required. Will supply and pricing allow that by the summer? If it does, it also means the dual-slotted iPod touch could hit a whopping 64GB by its next refresh cycle in the fall.

Anyone out there itching to load that much data on a multi-touch device?