Apple is expected to have finalized its acquisition of Anobit, an Israeli flash memory firm, for a rumored sum of $400-500 million.

Previously, we have published reports on this long-expected acquisition. However, today a report from the Israeli newspaper Calcalist [via Google Translate] claims that this deal has now been finalized, noting that Apple has paid almost half a million dollars for the firm. Furthermore, the article notes that Apple plans to open a research and development arm in Israel, also.

A Twitter update from the Israeli Prime Minister, Benjamin Netanyahu, welcomed Apple to the country earlier today:

Anobit’s technology is also reportedly being used in the iPhone, iPad and MacBook Air.

We’ll keep you posted. In the meantime, if you have an opinion regarding the acquisition, feel free to share your thoughts in the comments.

[via MacRumors]