Apple and Samsung discuss long-term parts supply cooperation

Posted on Oct 20 2011 - 1:24am by Julius

As Apple Inc. and Samsung Electronics Co. sue the heck out of each other across the world, two of the companies’ top executives have met to talk about long-term parts cooperation and maintaining their existing partnerships.

It was reported recently that Samsung’s Chief Operating Officer Lee Jae-yong said that the Korean electronics giant will continue to supply crucial components to Apple, including its A-family of chipsets that power iOS devices. He told reporters that the company’s ties with Apple continue to be long term.

Lee sat down with Tim Cook, the chief executive officer of Apple, following a memorial service for Steve Jobs. The two talked for two hours regarding the partnership of both companies, and the supply of parts for the 2013 to 2014 period.

This may mean that both companies want to maintain close ties, despite news that Apple may purchase parts from Taiwanese or Japanese suppliers once its contract with Samsung ends in 2012.

“My visit was to attend the memorial service,” Lee said. “There is a need to compete in a fair manner for the benefit of the consumer, and this stance existed in the past, is taking place now and will occur in the future.”

Lee also said that Samsung would think about expanding its legal battle against the Cupertino tech giant, as they would not allow Apple to hurt its interests. He added that there will always be intense competition in the business world, but it “needs to be in fair manner for the benefit of the consumer.”


via: Ubergizmo

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