Apple To Buy $7.8 Billion Worth Of Samsung Components

Reports are that Apple will be purchasing $7.8 billion dollars worth of components from their competitor/partner Samsung. A report from the Wall Street Journal says that the parts will include LCD screens, NAND flash memory chips, and application processors.

The batch of components looks to be intended for the next generation of iPhones and iPads. If the deal goes through, Samsung will become Apple's supplier, even though both are competitors in the smartphone and tablet market.

This type of deal is nothing new for the tech giants. There were earlier reports about Samsung building a new processing plant in Austin, with the bulk load of shipments intended for Apple.

[Via iTechMax]