Apple has acquired Anobit, a maker of flash storage technology, for $500 million, according to the Calcalist Financial Daily, an Israeli newspaper.

Neither Apple nor Anobit had issued an official statement on the matter, and neither company was available for comment as of press time.

Anobit produces solid-state flash memory like that used in Apple’s iPod, iPad and iPhone devices.

The Prime Minister of Isreal, Benjamin Netanyahu, yesterday tweeted recognition of the deal from his official Twitter account.

“Welcome to Israel, Apple Inc. on your 1st acquisition here,” Netanyahu wrote. “I’m certain that you’ll benefit from the fruit of the Israeli knowledge.”

According to Calcalist, Apple is also expected to open an R&D facility in Isreal.