Apple drops Samsung joint investment plan

Iria · Oct 15, 2005, 07:21 PM

SEOUL (Reuters) - Apple Computers, the maker of iPod digital music players, has dropped a joint $3.8 billion investment plan in flash chip production of Samsung Electronics, a South Korean newspaper said on Saturday.

"Apple had proposed about 4 trillion won joint investment with Samsung Electronics in the production lines of NAND flash chips used for its MP3 players," a senior Samsung official was quoted by the Korea Economic Daily as saying.

"But as the anti-Samsung sentiment has recently deepened among some political and civic groups, Apple ended the talks, complaining about the sentiment," the unnamed official was cited as saying.

Apple was currently in talks with another memory chip maker for joint flash chip output in the United States, he added.
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Read More / Source: Reuters

Oct 15, 2005, 07:21 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Apple drops Samsung joint investment plan SEOUL (Reuters) - Apple Computers, the maker of iPod digital music players, has dropped a joint $3.8 billion investment plan in flash chip production of Samsung Electronics, a South Korean newspaper said on Saturday. "Apple had proposed about 4 trillion won joint investment with Samsung Electronics in the production lines of NAND flash chips used for its MP3 players," a senior Samsung official was quoted by the Korea Economic Daily as saying. "But as the anti-Samsung sentiment has recently deepened among some political and civic groups, Apple ended the talks, complaining about the sentiment," the unnamed official was cited as saying. Apple was currently in talks with another memory chip maker for joint flash chip output in the United States, he added. __________ Read More / Source: Reuters