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.
U.S. Carriers Share Galaxy S9 and S9+ Launch Plans and Pricing
All four major carriers in the U.S. plan to sell the Samsung Galaxy S9 and S9+ beginning in March.
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.
Nokia and Samsung Expand Patent Agreement
Nokia and Samsung have broadened an existing patent cross-licensing agreement to include more intellectual property. The companies ended patent litigation between the two in February with an initial cross-licensing agreement.