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Samsung exits non-core business

By Reuters
Seoul, 29 Jun 2015

South Korea's Samsung Electro-Mechanics said on Friday it will exit the hard disk drive motor business and sell assets related to the operations in order to concentrate its efforts on its core businesses.

The company, which supplies smartphone components such as camera modules to sister firm Samsung Electronics, did not give additional details on its plans, including which company it might sell the business assets to.

Samsung Electro-Mechanics said earlier this month it was contemplating exiting non-core businesses.

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