Samsung has announced plans to spin-off its camera division, according to a report by Reuters. A new company called Samsung Digital Imaging will be formed by February 2009, taking 0.31 of the capital from parent company Samsung Techwin (itself partly owned by Samsung Electronics). Price competition, the global credit crunch and heavy research and marketing expenses are to blame for the camera division’s poor performance.

Website: Reuters - Samsung Techwin to spin off camera business

Your Comments