Dell has bought into the future supply of flatscreen monitors with the promise to commit to $8.5 billion worth of Samsung product over the next five years.
Samsung will use the commitment from Dell, which includes the purchase of $200 million in convertible stocks, to finance the next generation of thin film transistor (TFT) LCD monitors.
The cash came from the Dell Direct Invest programme. "Expect more investments. This is not a one-off," a source at Dell told Newswire.
This is the third handout that has come the way of the troubled Asian giant this year. Like most Asian vendors, it has been hit by failing Asian markets and a poorly performing local currency, and is suffering the after-effects of last month's earthquake.
Most US PC vendors are reliant on Asian vendors for components like memory, disk drives, DVDs, monitor screens and chipsets.
Troubled times have left the Asians looking for commitment from potential customers before they are prepared to make the huge investment in the manufacture of new products.
Apple invested $100 million in convertible bonds earlier this summer to secure its supply of LCD screens.
In the spring Intel invested $100 million to help Samsung with the setup costs for the manufacture of RDRAM, which Intel has been touting as the future standard for computer memory. Embarrassingly, Intel then failed last month to deliver the 820 chipset that was to introduce the new memory.
"I'd be very surprised if we didn't see more deals of this sort. Things are tight for all Asian vendors and developing these products isn't cheap," said an insider at Samsung rival Hitachi. "This why Hitachi and Fujitsu collaborated on the plasma screen," he added.
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