Samsung to Design Chips for Next iPhone
Known to the world as the best rival, the tech giant Apple and Samsung has said to have signed an agreement between the two companies.
According to recent news, it was reported that Samsung will be manufacturing the main chip for the next Apple iPhone as well as displays for other Apple products, and it is budgeting $14 billion for new plants and equipment that are expected to accommodate. Samsung's chip manufacturing operations are one of the most advanced anywhere in the world.
While the new partnership benefits both parties involved, Samsung takes away most business from Apple's former partners like Taiwan Semiconductor Manufacturing Company and SanDisk.
Nothing is officially confirmed on Apple or Samsung's end, but all pointers strongly support the possibility of Apple-Samsung union.
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