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Old 06-05-12, 07:10 PM   #1
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Post Samsung becomes Linux Foundation platinum member, takes a seat on board

The Linux Foundation will announce today that consumer electronics giant Samsung is becoming a platinum member of the organization, the highest tier of membership. This will give Samsung a seat on the foundation's board of directors.

The Linux Foundation, which was established in 2007, provides a vendor-neutral venue for coordinating the development of the Linux kernel and also employs some key developers, including Linux creator Linus Torvalds. The organization is supported financially by its members, which include individuals and corporations.

The foundation has three separate tiers of membership for companies: silver, gold, and platinum. Members at each tier pay annual dues that help fund the organization. Platinum membership, which entitles a company to a seat on the board of directors, costs half a million dollars a year. Samsung was previously a silver member, but is now upgrading to platinum status.

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