Samsung Electronics said Monday it may sell NAND flash memory chips to Japanese electronics maker Sony and others, underpinning expectations for surging demand for the chips. Samsung shares rose to an all-time high on the Korea Exchange as investors expected these contracts to strengthen the company’s hold on more than half the world’s NAND chip market.
For Sony, the possible deal comes as the world’s second-largest consumer electronics maker strives to play catch-up with rivals such as Apple Computer in the portable music market. NAND memory chips are widely used in music players, digital cameras and mobile phones because they retain data even when the power is shut off.
News source: News