Friday, September 5th 2008
Samsung Electronics, the world's largest maker of flash memory chips, said today that it is considering an acquisition of SanDisk Corp.
We are considering various opportunities regarding SanDisk but nothing has been decided,said James Chung, a spokesman at Suwon, South Korea-based Samsung. Possible acquiring of SanDisk would help Samsung save about 400 billion won ($355 million) in royalties annually, it has been reported.
It would have a significant impact on the supply and demand in the flash memory industry, ... Samsung could create additional demand from SanDisk's customers.said Lee Sun Tae, an independent analyst at Meritz Securities Co in Seoul. On the other side, Mike Wong - SanDisk's official spokesman said that SanDisk is not aware of Samsung being interested in any acquisition. Expect more information, when there's any.Source: Indiatimes