Apple plunks $100M into Samsung

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Apple plunks $100M into Samsung

In a move to ensure its supply of TFT displays for the iBook and other products, Apple Computer will invest $100 million in Samsung Semiconductor.

“With our new iBook and fast selling PowerBooks, Apple will need more flat displays than ever going forward,” Steve Jobs, Apple’s interim CEO, said in a statement.

Apple introduced its much-anticipated iBook notebook computer at the MacWorld Expo last week, featuring a 12.1″ active matrix screen.

Samsung Semiconductor Inc. is a wholly-owned subsidiary of Korean-based Samsung Electronics Co. Ltd.

The full story is posted at www.zdnn.com.

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