6040
Samsung Selling Fiber Optic Arm
World Economy

Samsung 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.

Short URL : http://goo.gl/Jcj6eE

You can also read ...

Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Fitch in November affirmed the country’s BB+ stable outlook rating.
Fitch, the ratings agency that cut South Africa’s sovereign...

Trending

Googleplus