Samsung Buys 10% Stake in Pantech for $48 Million
Samsung today confirmed that it has made a $48 million investment in competitor Pantech, which gives it 10% ownership of the company. "The investment is aimed at solidifying our relationship with Pantech, a key component customer of Samsung," said the company in a statement. "Samsung will have no involvement in Pantech’s business management in any way or form." The two competitors already collaborate on semiconductor and display technologies. Pantech sells a mix of feature phones and smartphones in the U.S. through AT&T.
Samsung's Galaxy S8 Active Boasts Tougher, Less-Refined Design
Samsung today announced the Galaxy S8 Active, a rugged version of the S8 that will initially be sold by AT&T. The phone does away with the attractive, curved design of the S8 in favor of a more rugged metal frame with bumpers that are able to withstand drops up to 5 feet.
Samsung to Be Sole Manufacturer of Snapdragon 820
Qualcomm has selected Samsung to manufacture the Snapdragon 820 processor. Samsung is kicking off mass production of its second-generation 14nm LPP (Low-Power Plus) process, which is what it will use to make the Snapdragon 820.
Samsung Weighing Management Shuffle
Samsung Mobile CEO J.K. Shin may be in danger of losing his job, reports The Wall Street Journal.
Samsung to Use $3 Billion to Boost Display Production
Samsung Display, a subsidiary of Samsung electronics, plans to invest heavily in its Vietnam manufacturing facility in order to increase production. The company already spent $1 billion on its OLED plant in Vietnam earlier this year, which is less expensive to operate than some of its other plants.
Samsung Combines Some U.S. Operations
Samsung took several steps today to further streamline operations across its various businesses. In the U.S., Samsung has consolidated the sales organizations of Samsung Electronics America and Samsung Telecommunications America, which oversee distribution of the company's consumer electronics and mobile devices, respectively.