Apple drops Samsung investment plan | iLounge News

News

Apple drops Samsung investment plan

Talks between Samsung and Apple on a possible joint investment to produce NAND flash memory chips have been dropped. “We had had some talks with Apple earlier this year but it did not work out due to differences over terms,” a Samsung spokesman told Reuters on Monday, adding they had dropped the joint investment talks “at a very early stage.” Apple is reportedly in talks currently with another company for joint flash chip output.

The Korea Economic Daily reported over the weekend that Apple had pulled out of the joint $3.8 billion investment plan due to “deepening anti-Samsung sentiment among some South Korean politicians and civic groups.” The Korean Fair Trade Commission Chairman recently stated that Samsung could be investigated for reports of the company selling flash memory to Apple at below-market prices. Last week, Samsung was found guilty in the U.S. of price-fixing.

« Shure adds black E Series earphones for iPod nano

ABC shows on iTunes causing waves in TV business »

Related Stories

Comments

1

Shouldn’t be any surprise, given the bad karma that’s been circling around Samsung lately.

Posted by flatline response on October 17, 2005 at 2:15 PM (PDT)

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this section entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy