South Korean consumer electronics giant Samsung has plenty of cash in its reserves, where this time around they decided to flex some of their dough by reportedly purchasing a 10% stake in Pantech, who also happens to be another phone manufacturer from South Korea. Of course, the entire reason behind Samsung’s move does not seem clear at this point in time, although this stake acquisition would clearly place Samsung in pole position as one of the major shareholders in Pantech, after Qualcomm as well as the state’s Development Bank.
Recently, Samsung also went on a shopping spree by forking out more than $100 million to gain access to Sharp’s ground breaking IGZO screen technology. Why Pantech, most folks would ask. Well, they happen to be one of the more innovative makers in recent memory, and if you were to look into history, the Vega Racer happens to be running on a 1.5GHz dual-core processor, with the Pantech Vega Racer 2 being the world’s first with glass ceramic body. Would we see such technology appear in Samsung products down the road? Only time will tell.
Next Story: Google Glass Apps Run On A Nexus 7 Tablet