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SKorea's Samsung, Hynix sign 750 million dollar deals with Apple

Posted by inet - 2005-11-22

South Korea's two semiconductor giants, Samsung Electronics and Hynix Semiconductor, have signed separate deals to supply 750 million dollars worth of NAND flash memory chips to Apple Computer.

Both Samsung and Hynix said the deal were part of Apple's 1.25 billion dollar global drive to secure NAND flash memory chips from five major semiconductor manufacturers by 2010.

Samsung Electronics, the world's largest memory chip maker, said it won a long-term contract worth 500 million dollars to supply NAND flash memory chips to Apple until 2010.

Hynix also said that it signed a separate deal with Apple to supply 250 million dollars worth of NAND flash memory chips to the US tech giant until 2010.

The other three suppliers were expected to be Toshiba of Japan and two US semiconductor giants, Micron Technology and Intel.

NAND flash memory chips are widely used for consumer electronics, removable storage and handheld communications devices.

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