Apple enters agreement to buy 40Million GB of NAND Memory
Apple Computer signed a deal with Hynix Semiconductor Inc to buy 40 million gigabytes of NAND flash memory. Bloomberg is reporting that Apple have entered into an agreement that will see Apple buying 20% of Hynix NAND Flash memory produced. The agreement is good through 2010 which gives an indication that Apple are looking to produce the Nano until at least 2010.
The agreement was reached in December, and Bloomberg reported that undisclosed aspects of the deal are a mix of binding and non-binding agreements.