World Economy

Samsung Selling Fiber Optic Arm

Samsung Selling Fiber Optic ArmSamsung Selling Fiber Optic Arm

South Korea’s Samsung Electronics Co Ltd said on Tuesday that it will sell its fiber optics business to US glass panel supplier Corning Inc, without disclosing terms of the sale, Reuters reported. The sale will include Samsung Electronics’ production facilities for the business in China and South Korea, the company’s spokeswoman said. Corning supplies glass for smartphones made by Samsung Electronics and rival Apple Inc.