(Digital Marketing Agency,
thesnsgroup.com)- South Korean giant Samsung Electronics Co Ltd has
surprisingly sold its fibre optics operations to Corning Inc., a U.S. specialty
glass maker, as the company sets sights on bolstering its core business as smartphones
squeezed by stiff competition.
Allegedly, Samsung is enduring a
difficult period, with Chinese rivals like Xiaomi Technology Co Ltd and Apple
Inc's iPhones having caught it at the low end and at the top in the smartphone
market respectively.
"We have decided to sell our
fibre optics business, in order to focus on our core business areas," a
Samsung Electronics spokeswoman said.
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