Samsung Share Price: Will Samsung Supply iPhone 7’s ‘Brain’?

iNVEZZ.com Monday, July 15th: South Korea’s Samsung Electronics (KRX:005930) has reportedly signed a deal with US-based rival Apple (NASDAQ:AAPL) to supply the central chipset for the iPhone from 2015.

Samsung has provided the ‘brains’ of the iPhone since the inception of the handset in 2007 but Apple has been cutting manufacturing links with the South Korean electronics maker amidst a series of costly patent disputes between the two. Last year, Samsung lost out on the contract to supply the central processing chips for the iPhone to Taiwanese firm TSMC. But according to industry sources who spoke to *The Korea Economic Daily* on Sunday, Samsung is about to win back its biggest client. According to the sources, the

Asian electronics giant will supply the 14 nm-size A9 chips that will power Apple’s iPhone 7, to be released in late 2015.

The reported deal, which has not been confirmed by the two companies, follows Samsung’s successful development of the next-generation processing chip ahead of TSMC rival. The first devices to use the A9 processors are not expected to show up for some time yet, and their specifications have not been confirmed. The current iPhone 5 runs on Apple’s A6 chip but the upcoming refreshed version of the handset – expected to be named iPhone 5S – is likely to use an updated version, the A6X.
**After volatile trading on Monday, the Samsung share price closed the session in Seoul 0.08 percent higher at 1,313,000 won. The stock has lost more than 13 percent of its value since the beginning of the year.**