Samsung contemplating SanDisk acquisition

South Korean consumer electronics giant is considering a buyout of the chipmaker to reduce its NAND flash memory costs, according to PaidContent.

Samsung Electronics is looking into snapping up SanDisk, according to a late-Thursday post on .

The South Korean consumer electronics maker confirmed that it is exploring "various opportunities" with SanDisk, but it noted that no decisions have been made, according to PaidContent, which cited an online Korean report.

Samsung reportedly is taking a look at SanDisk as a means to reduce its NAND flash memory costs, given that it pays the chipmaker roughly $354 million in annual licensing fees, according to the report. SanDisk is a strong player in the market for NAND flash memory, which is found in a variety of digital devices, ranging from cameras to music players.

 

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