Samsung buys into Pantech, becomes third largest shareholder

Pantech Discover Phone front bottom macroPantech may not be the most well-known phone manufacturer, but several of its devices have made it over to the U.S., such as the Pantech Perception and the Pantech Discover, sold through the Verizon and AT&T networks respectively. Aside from these, the firm produces some other interesting devices, which sadly don’t see an international release. For example, the 5.9-inch, 1080p Vega Number 6 was displayed during CES this year, and is still on of the largest smartphone/tablet hybrids with a 1080p display.

Samsung has obviously been paying attention, and has acquired a 10 percent stake in Pantech, worth a reported $47 million. This makes Samsung the company’s third largest investor, behind Qualcomm and the Korea Development Bank, both of whom own 11 percent each. According to the Yonhap news agency, Samsung has had a long-standing relationship with Pantech, having sold it some $200 million worth of components last year.

In a statement provided to The Next Web, Samsung confirms the deal, saying it’ll, “Solidify the relationship with Pantech, a key component customer.” It adds that Samsung will be a silent partner, and won’t be involved with decision making, or managing the business.

Pantech is Korea’s smallest phone manufacturer, but in 2012, it’s estimated to have sold 12 million phones in Korea, a third of Samsung’s output, but enough to give it a 20 percent market share and ahead of LG on home turf. However, despite talk of launching more phones internationally, including in China and Europe, there have been rumors of funding problems which have forced the plans to be put on hold. A Marketwatch report says Pantech switched strategy at the beginning of 2013, to concentrate on attracting investments. Whether the Samsung deal will be enough to see Pantech resume its international plans remains to be seen.

Home Theater

Say goodbye to the box: The future of home theater has no use for receivers

One of the most intriguing new trends to come out of CES 2019 this year comes from a technology that has been around for years. WiSA, now in new LG TVs, has the potential to cut the wires and change the home theater landscape forever.
Mobile

The Note 8 and S8 range now have access to the Android Pie beta

Android 9.0 Pie has been released. But is your phone getting Android 9.0 Pie, and if so, when? We've done the hard work and asked every device manufacturer to see when their devices would be getting the update.
Apple

Rumors say Apple's AirPower wireless charger may finally be in production

At its September event in 2018, Apple unveiled the AirPower, a new wireless charging mat that will allow you to charge multiple devices at one time. It has not yet been released. Here's everything we know about the device so far.
Mobile

Samsung's advanced folding phone needed 'total reconfiguration' to make it real

Samsung has been showcasing bendable display tech for a few years and now a folding smartphone might finally arrive. The Galaxy X, or perhaps the Galaxy Fold, may be the company's first example. Here's everything we know about it.
Emerging Tech

CES 2019 recap: All the trends, products, and gadgets you missed

CES 2019 didn’t just give us a taste of the future, it offered a five-course meal. From 8K and Micro LED televisions to smart toilets, the show delivered with all the amazing gadgetry you could ask for. Here’s a look at all the big…
Mobile

Biometric phone unlocks can’t be forced by feds, says U.S. judge

Fingerprint and face unlocks used to not be protected by the Fifth Amendment, but that may soon change. A judge in California has ruled biometric unlocking methods of all kinds are protected in the same way as passcodes.
Mobile

The Motorola Razr may return as a foldable phone — for $1,500

The Motorola Razr V3 is one of the world's most iconic phones, and it could be making a stylistic return in the form of a foldable Motorola smartphone -- but it may cost around $1,500. Is the nostalgia worth it?
Mobile

The iPhone XS Battery Case's battery has a smaller capacity than previous cases

Apple has been rumored to be working on a new iPhone battery case for the iPhone XS, iPhone XS Max, and iPhone XR. Now, those new cases are finally here, offering seven hours of extra use for each iPhone and are available for $129.
Mobile

Join the Apple club with our complete guide to switching from Android to iOS

If Android simply isn’t cutting it for you anymore, then you might be considering Apple’s warm embrace. Here’s how to make the switch from Android to iOS without losing your contacts, sleep, or hair!
Mobile

It’s back! Here’s how to switch to Twitter’s reverse chronological feed

Twitter has finally brought back the reverse chronological feed, allowing you to see your feed based on the newest tweets, rather than using Twitter's algorithm that shows what it thinks you want to see. It's easy to switch.
Mobile

Huawei in for a rough year as feds investigate alleged trade secrets theft

Huawei is also facing issues in the U.S., but it doesn't seem like that will end any time soon. According to a new report, the company is facing a federal investigation in the U.S. for allegedly stealing trade secrets.
Mobile

Having trouble logging in? Here’s how to reset your Apple ID password

To use any of Apple's services, you need to have an Apple ID and know your password. Thankfully, there are ways to deal with forgotten passwords and regain access to your account. Here's how to reset your Apple ID password.
Mobile

Android Q: Everything we know so far about Google’s next mobile OS

Android Pie recently rolled out, but it's already time to look ahead to Android Q, the next version of Google's mobile OS. We've seen a number of rumors and leaks come out about the operating system -- here's everything we know so far.
Mobile

Turn to these apps to help you in your next hunt for a job

Looking for a job can be a stressful experience, but these days, a simple mobile app can help you to find and apply for jobs all over the country -- here are some of the best job search apps for iOS and Android.