Article Summary
"Samsung Electronics Co. Ltd., the South Korean memory-chip giant, has revealed its plans to sell NAND flash memory chips to Sony Corp., world's No. 2 consumer electronic appliances company.
..The NAND flash memory chips find application in cellular phones, music systems and digital cameras because of their property of retaining data even when the power supply is cut off. As a result, there is a huge demand for flash memory chips. Samsung, the largest maker of flash memory chips has kept prices low, in order to attract buyer companies and to compete with rival Japanese company Toshiba."....Read Complete Article
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