
Samsung To Sell Fiberoptics Business to Corning
The world's top maker of smartphones has been caught between Chinese rivals like Xiaomi at the low end and Apple's iPhones at the top. Samsung Electronics' share of the global smartphone industry has shrunk year-on-year for the last three quarters.
The firm also said in October it will halt its light emitting diode lighting business outside of its home country.
Corning said the deal will strengthen its fibre optics business in the Asian market.
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