Electronics giant to provide up to 50,000 units.

Samsung Electronics Co., the world's largest computer memory chip maker by revenue, will supply core chips to its hometown rival LG Electronics Inc. for the next-generation smartphones, a local newspaper the Maeil Business Newspaper reported Thursday, citing officials at both companies.

According to the paper, LG Electronics has begun manufacturing its solely-developed fourth-generation LTE, or Long-Term Evolution, chips at a chip assembly line of Samsung Electronics.

The production volume is estimated at somewhere between 20,000 and 50,000 units, the paper said.

Click here to find out more!Samsung declined to confirm the report.

Source: Dow Jones Newswires (via Total Telecom)