Samsung-Apple met during Jobs' memorial to discuss doing more business together

Samsung-Apple met during Jobs' memorial to discuss doing more business together
During Wednesday's private memorial service on Apple's Cupertino campus, Apple CEO Tim Cook sat down with Samsung CEO and company heir Lee Jae-Yong for more than 2 hours according to the Korea Herald. Rumors of the meeting had made the rounds last week just when the legal battles between the two companies was reaching a fever pitch. Lee told reporters when he arrived back in Korea that despite the legal conflict, Samsung would honor the current contract that has Samsung selling parts to Apple until sometime next year. Yesterday, Samsung said that it would make the quad-core A6 processor for the Apple iPhone 5..

Yong said that Samsung and Apple discussed how the Korean based firm could supply "better parts" to Apple in 2013-2014 after the current contract expires. Both Yong and Cook talked about ways to improve the relationship between the two tech titans. Apple was Samsung's second largest customer last year trailing only Sony. This year, Apple is expected to vault into the top spot with $7.8 billion in component orders to Samsung.

There has been speculation that Apple would look somewhere else for its chips, possibly buying from TSMC. The Samsung CEO says that Samsung is deciding whether to continue its legal battle with Apple or to hold off. Samsung's head of global marketing had said last month that the Korean based firm was going to start being more aggressive in its legal fight with Apple, saying that the company had held back because the latter was a big customer of the firm.

Samsung's mobile president Shin Jong-kyun said that the company is taking patents very seriously which can be seen in the design of the just announced Samsung Galaxy Nexus which,as we reported, is supposedly free of any design or parts that can be challenged in a patent infringement suit.

source: KoreaHerald via AppleInsider

Recommended Stories

Loading Comments...
FCC OKs Cingular\'s purchase of AT&T Wireless