NEWS /

Samsung Working to Acquire SanDisk

05 Sep, 2008, 5:31 pm IST | by AP |

Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp., a South Korean online business newspaper reported Friday.

Both Samsung and SanDisk neither confirmed nor denied the report.

''We are considering various opportunities regarding SanDisk but nothing has been decided,'' Samsung spokesman James Chung said. He did not elaborate.

''SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities,'' the company said in statement. ''We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.''

The online paper edaily said on its Web site that Samsung chose J.P. Morgan as an adviser for the acquisition about one month ago, citing investment banking and semiconductor industry officials it did not identify.

J.P. Morgan in Seoul declined to comment.

Chung said that Samsung currently supplies NAND flash memory chips to SanDisk.

The Milpitas, California-based company is the world's largest supplier of flash storage card products.

Samsung is the world's largest manufacturer of NAND as well as DRAM, or dynamic random access memory, chips.

NAND flash memory is used in digital devices such as cameras and music players. DRAM chips are used mostly in personal computers.

Samsung said in October last year that it purchased an Israeli developer of image sensors in its first acquisition in over a decade. Samsung bought Tel Aviv-based and privately held TransChip Israel Ltd. and turned it into one of its research and development centers.
RELATED STORIES

Windows 8 likely to support Adobe Flash

Windows 8 likely to support Adobe Flash

About eight months back, when Microsoft introduced its Windows 8 Metro UI, it was almost clear that the company’s Metro version........

Dell Latitude 10, first Windows 8 tablet shows up

Microsoft's programme to incubate 10 Indian start-ups in cloud computing

Giant radio telescope gets split location

Asus Eee Pad Transformer Prime TF201 Review

Top 5 potential Gmail alternatives

Yahoo! Axis reportedly slowing down IE9

 

Leaked Images, Availability, Pricing,
Specs, Pre-order

Photos

High Court Order - Madras

High Court Order - Madras

17 May, 2012, 04:22 PM

2.3

Trials Evolution

Trials Evolution

12 May, 2012, 10:33 AM

Sniper Elite V2

Sniper Elite V2

09 May, 2012, 10:04 PM

3.3

MORE PHOTOS

OPINIONS

Padmini Harchandrai

The latest "should they-shouldn't they" event with Facebook is the lift of the minimu...

MORE OPINIONS

features

Portable Wi-Fi Drives for your smartphone

Portable Wi-Fi Drives for your smartphone

Fed up of the limited storage on your mobile device? Here are some devices

By Aaron Almeida

Top 5 potential Gmail alternatives

Top 5 potential Gmail alternatives

Google’s Gmail service is arguably the most advanced and feature-packed...

By Naina Khedekar

Five ways to beat the petrol hike

Five ways to beat the petrol hike

Petrol prices went up by a considerable amount post Wednesday, and this...

By Karan Shah

MORE FEATURES

On video: HTC One V

On video: HTC One V

18 May, 2012, 04:44 AM

4.5

On video: Cowon Z2 (16GB)

On video: Cowon Z2 (16GB)

15 May, 2012, 04:58 PM

2.3

On video: Samsung WB150F

On video: Samsung WB150F

08 May, 2012, 04:23 AM

5.0

MORE VIDEOS

776 views

1129 views

630 views

MORE WALLPAPERS