Samsung Electronics' talks with Apple Computer on a possible joint investment to produce NAND flash memory chips have broken down, Samsung said Monday. The Korea Times reported Monday that a potential $3.8 billion joint investment deal collapsed because Apple decided to pull out after hearing that South Korea's Fair Trade Commission could investigate Samsung over its supply of NAND flash memory chips to Apple.
October 18, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Samsung Electronics Co.’s talks with Apple Computer Inc. on a possible joint investment to produce NAND flash memory chips have broken down, Samsung said Monday.
“Talks didn’t proceed beyond the preliminary stages,” said Sungin Cho, a Samsung spokeswoman. “We’re not commenting on the reason that talks didn’t develop.”
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