According to a report by a South Korean online business newspaper Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp. The news report has not yet been confirmed by either of the companies, but business statistics for SanDisk Corp show that it’s shares climbed more than 26 percent on Friday, SanDisk shares climbed $3.53, or 26.2 percent, to $16.99 in morning trading in New York. Shares in Samsung Electronics rose 2.5 percent to close Friday at 520,000 won ($465).

According to Samsung spokesman James Chung,”We are considering various opportunities regarding SanDisk but nothing has been decided”.

Chung said that Samsung currently supplies NAND flash memory chips to SanDisk. Samsung is the world’s largest supplier of flash storage card products. The company is the world’s largest manufacturer of NAND as well as DRAM (dynamic random access memory) chips. NAND flash memory is used in digital devices such as cameras and music players. DRAM chips are used mostly in personal computers.

“SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities,” SanDisk said in a statement. “We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation.”