News and Articles About Samsung
The firm has sold 2.5 million Note 7 phones in 10 markets including South Korea and the United States that are subject to the recall.
Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.
Consumer Product Safety Commission is working with Samsung to announce an official recall of the device.
The company recalled Galaxy Note 7 smartphones in 10 markets including South Korea and the United States after finding its batteries were prone to ignite.
Investors sold Samsung shares after the delay announcement on Thursday, stripping about $7 billion from the firm's market value.
Faults with the new premium flagship device could be a major setback for the South Korean giant.
Local media reports have said some users of the device have claimed that the battery for their phones exploded.
Apple sued in 2011, claiming the South Korean electronics company stole its technology and the look of the iPhone.
Apple's lawyers argue that Samsung stole Apple's patents and should end its court appeal.
Huawei aims to surpass market leaders Samsung and Apple within five years to become the world's top smartphone vendor.
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Plus: Samsung has designed the successor to the microSD card.
The mobile division likely was the top earner for the second straight quarter, raising the question of whether the South Korean company can sustain this strong momentum in the face of competition from Apple and cheaper Chinese rivals.
The world's top smartphone rivals have been feuding over patents since 2011, when Apple sued Samsung in Northern California alleging infringement of the iPhone's patents, designs and trademarked appearance.
Tesla Chief Executive Elon Musk tweeted on Wednesday the company was 'working exclusively with Panasonic for Model 3 cells.'
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© 2016 Entrepreneur Media, Inc.