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Samsung Joins New IBM Chip Partnership

Samsung, which sells computer memory chips and produces semiconductors for use in its own electronics, will join Singapore chip maker Chartered Semiconductor Manufacturing Ltd. and German memory maker Infineon Technologies AG in the partnership with IBM.

Samsung will also license chip-making technology from IBM, the companies said. No terms were disclosed, but an IBM spokesman said IBM has brought in $500 million since 2001 from foreign chip makers who paid to help fund technology development work at its East Fishkill, New York facility.

Read more at Reuters Technology.