Samsung Blames FTC for Losing Apple Deal

Filed under: — By Aviran Mordo @ 9:12 am

Samsung Electronics has blamed the Fair Trade Commission (FTC) for losing a deal with Apple for a joint flash-memory factory worth about 4 trillion won.

The two companies had planned to set up a NAND flash memory line in South Korea to supply Apple’s iPod MP3 players, but the U.S. firm pulled out of the project after they heard about the FTC’s possible investigation of Samsung, Kim Il-ung, marketing director of Samsung’s semiconductor business, reportedly said at the investors relations session on Friday.

After the talks failed, Apple is looking for a partnership with other semiconductor firms, Kim said.

Source: The Korea Times


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