Apple confirms long-term NAND flash memory deals

Posted on Tuesday, November 22 2005 @ 17:55 CET by Thomas De Maesschalck

Apple has confirmed it has reached long-term supply agreements with Hynix, Intel, Micron, Samsung and Toshiba to secure the supply of NAND flash memory through 2010 for their flash-based iPod digital audio players.

Under these agreements, Apple intends to prepay a total of US$1.25 billion for flash memory components during the next three months. “We want to be able to produce as many of our wildly popular iPods as the market demands,” said Steve Jobs, Apple’s CEO. Apple indicated that it has shipped over 30 million iPods and the company expects iPod demand to remain strong.

Yesterday Intel and Micron announced a new joint venture to manufacture NAND memory.

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.

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