Apple confirms Anobit flash memory company acquisition

Bloomberg Businessweek:

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.

The acquisition has been rumored since December, when Israeli tech news site Calcalist first reported the transaction. This is the first direct confirmation from Apple itself, however. Apple acknowledged the acquisition, but didn’t provide further details.

Anobit’s technology makes flash memory work faster and more reliably. With more of Apple’s product line turning to flash storage and increased pressure from other phone, tablet and now “ultrabook” vendors, Anobit will help Apple maintain a competitive edge.

(via AppleInsider.)