Apple to buy $7.8B in components from rival Samsung

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Samsung Galaxy Tab 10.1 which will go up against iPad 2

Apple’s best Frenemy Samsung will be taking orders of $7.8 billion dollars in Apple device parts in 2011 according to a rereport by the WSJ/Korea Economic Daily.  Samsung also makes rival Android devices as well as laptops that compete with the MacBook Air and other products.

Samsung will supply Apple with liquid crystal displays, mobile application processors and NAND flash memory chips used for the U.S. company’s iPhones and iPads.  The deal will make Samsung Apple’s largest supplier.

Perhaps that $4 billion Apple has earmarked for supplies will lighten the load Apple places on one of its strategic rivals.