5 September 2008 10:02 GMT / By Amy-Mae Elliott
Samsung has said it is considering buying SanDisk, currently valued at $3.2 billion.
"We are looking at various opportunities regarding SanDisk, but nothing has been decided yet," a spokesman told Reuters.
Industry commentators are saying the buy could be bad news for Toshiba, whose shares have fallen on the news, as Toshiba is planning a partnership with SanDisk to double its chip production.
SanDisk said it "periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities."
Last month it was rumoured that Seagate was considering buying SanDisk.
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