Apple to ink $7.8 billion component deal with Samsung

Posted on Tuesday, February 15 2011 @ 15:51 CET by Thomas De Maesschalck

Dow Jones Newswire reports Apple is expected to sign a $7.8 billion contract with Samsung to secure components for its phones and other handheld devices. If the deal goes through, Apple will become Samsung's biggest customer.

Apple Inc. (AAPL) is expected to purchase components used for its handheld devices from Samsung Electronics Co. (005930.SE) worth about $ 7.8 billion this year, the Korea Economic Daily reported Monday, citing industry sources.

The paper also said that Samsung will supply Apple with liquid crystal displays, mobile application processors and NAND flash memory chips used for the U.S. company's iPhones and iPads.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Share this story!