US$500m Chip Deal Signals Recovery

Source: Agencies | July 23, 2009, Thursday |

Print Edition

APPLE Inc has entered into a long-term supply agreement with Toshiba Corp for NAND-type flash chips in a sign that the chip market could be on the road to recovery.

Apple made a US$500 million prepayment to the loss-making Japanese chip maker at the beginning of July, a transcript of Apple's conference call with analysts showed.

Sales of iPhones and Macs in the April-June quarter beat analysts' expectations and the firm is looking to lock in component supplies and prices.

Apple's Tim Cook said: "The NAND market has now begun to stabilize and we expect it to move towards a supply/demand balance."

The deal is a boon for Toshiba as it grapples with mounting losses.

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

US$500m Chip Deal Signals Recovery

Email this to your friend