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 Makes Deepsea Blue Note8 Available to U.S. Consumers
Samsung today said it will sell the Deepsea Blue color variant of the Galaxy Note8 smartphone in the U.S. Since launch, the device has only be available to U.S.
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 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 Looks to Redefine Corporate Culture
Samsung hopes changing its rigid corporate culture will help it perform better as a business. The company believes emulating the behavior of startups can make it a more nimble firm, able to respond swiftly to opportunities.