Samsung in talks with LG Chem for new smartphone batteries: reportOctober 20, 2016 - 18:32 AMT PanARMENIAN.Net - Samsung Electronics Co Ltd is in talks with LG Chem Ltd to supply batteries for its new smartphones, Reuters reports citing the Nikkei newspaper. Samsung, the world's biggest smartphone maker, scrapped production of the fire-prone Galaxy 7 and said it would take a hit to its operating profit of about $3 billion over the next two quarters as a result. The company had blamed faulty batteries for the original problem in its flagship device, but has given no indication about the cause of the overheating seen in the replacements. The companies are discussing ways to supply batteries to Samsung's new smartphones starting next year, the report said. Samsung's subsidiary, Samsung SDI Co Ltd, is the dominant battery supplier for the Note 7, supplying around 70 percent of the batteries globally, according to analyst estimates. Samsung and LG Chem were not immediately available for comment outside regular business hours, Reuters says. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |