July 29, 1999 in Social Responsibility News

Apple Invests $100 Million in SAMSUNG Electronics

Seoul, Korea and Cupertino, California - July 29, 1999 - Apple 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 ensure 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 Electronics
Samsung Electronics Co., Ltd., with 1998 sales revenue of US$16.6 billion, is a world leader in the electronics industry. The Korean-based firm has operations in 46 countries with 42,000 employees worldwide. The company consists of three main business units: Multimedia & Home Appliances, Semiconductors and Information & Telecommunications. For more information, please visit our website, http://samsungelectronics.com


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