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Apple confirms Anobit acquisition

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Apple's acquisition of Israeli flash memory manufacturer Anobit, rumored since December, was confirmed by a spokesman today.

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Apple’s rumored acquisition of Israeli flash storage company Anobit was confirmed today. Apple periodically buys smaller technology companies, such as Siri or Quattro Wireless, but rarely on the hardware side — with the notable recent exceptions of Intrinsity and P.A. Semi. Flash memory is found in virtually all of the company’s mobile devices and an ever-increasing share of its notebook computers. Apple currently buys more flash memory than any other company worldwide — about 23 percent of the global market — and the Anobit deal will likely help drive down the company’s already low production costs.