If it were to go through, the deal would also boost Samsung's reach within the flash memory industry and could strike a blow to rival Toshiba, which has a history of partnering with SanDisk.
The deal could also help Samsung in the consumer electronics market.
Sandisk's Sansa MP3 player lines and flash storage products could compliment Samsung's own products.
This is not the first time SanDisk has been tied to acquisition rumors.
Last month, the company was said to be in talks with hard drive vendor Seagate.
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iTnews Executive Retreat - Security Leaders Edition
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