According to comment made to Reuters the vendor has not yet made a decision but in response to the comments Samsung's share price rose on the Korean stock exchange.
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Samsung is a leading force in the NAND flash chip market and pays SanDisk millions a year in licensing fees.
Alex Tathum, managing director at memory distributor Simms International, said that SanDisk was “ripe for the picking” and it’s shares had halved this year and the question was who would be the suitor.
“I think SanDisk will be brought and it’s whether it is Samsung or Seagate, but someone will buy it,” he said.
He said that Samsung was probably SanDisk largest royalty payer so it made sense for them to be considering the acquisition.
SanDisk operates in Europe from an office in Ireland but was unavailable for comment.