SAN JOSE and CUPERTINO, California-July 28, 1999-AppleŽ and Samsung today jointly announced that Apple will invest $100 million in Samsung to further expand Samsung's TFT-LCD flat-panel display production capacity. The investment is part of Apple's strategy to insure an adequate supply of TFT-LCD displays to meet the growing demand for Apple products.
"We are pleased to partner with Samsung to insure that Apple is on the cutting edge of flat panel display technology," said Steve Jobs, Apple's interim CEO. "With our new iBook and fast selling PowerBooks, Apple will need more flat displays than ever going forward."
"We are pleased that Apple has placed such confidence in Samsung's leading-edge technology," stated Y. W. Lee, president and CEO of Samsung Electronics' Semiconductor Business. "Samsung will use this investment to further accelerate the expansion of our TFT-LCD production to support Apple's growing needs."
About Apple Computer Apple Computer, Inc. ignited the personal computer revolution in the 1970s with the Apple II, and reinvented the personal computer in the 1980s with the Macintosh. Apple is now recommitted to its original mission-to bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons and consumers in over 140 countries around the world.
About Samsung Semiconductor Samsung Semiconductor, Inc. is a wholly-owned subsidiary of Korean-based Samsung Electronics Co., Ltd. Samsung's semiconductor division is the sixth-largest semiconductor manufacturer and the leading producer of memory and TFT-LCD products in the world. Samsung Semiconductor's North American headquarters are located in San Jose, California. For more information, please visit our website: http://www.samsungsemi.com.
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