Bloomberg Business:
Samsung Electronics Co. created a standalone team of about 200 employees working exclusively on screens for Apple Inc. products as the world’s biggest technology companies strengthen business ties, people with direct knowledge of the matter said.
The team at Samsung Display Co., which provides screens for iPads and MacBooks, helps develop products and is only allowed to share information about Apple business within the group, the people said, asking not to be identified because the details aren’t public. The team formed April 1 and also helps with sales, the people said.
Samsung continues to hedge its bets. The screen and chip manufacturing side of the company definitely knows where their bread is buttered.
If you look at the Samsung senior executive list, and carefully ready their bios it’s clear there’s a couple of different types there. There are the guys who make stuff that Samsung sells to other companies, and then there are the guys who make stuff Samsung sells to consumers. I’m sure they’ve been some pretty heated discussions between those two groups at executive meetings (don’t forget South Korea is the place where legislators have long history of fistfights in Parliament). The guys who sell stuff to consumers keep stepping on the di¢ks of those who sell stuff, quite profitably, to other companies.