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Samsung Purchases 5% Stake in Wacom

Samsung Purchases 5% Stake in Wacom

 

Samsung Electronics and Wacom announced that both companies have approved the signing of a capital and business alliance agreement, which will see the former acquiring a 5% stake for $58.2 million.

The $58.2 million will be used for product development, manufacturing, and supply system enhancements for products to be supplied to Samsung Electronics by March 31, 2014. Both companies also will establish a broad strategic partnership in the smartphone and tablet segments, strengthen cooperation on product strategy and improve business processes.

Wacom, a company famous for its pressure-sensitive stylus technology, has seen its sales of digital pens to Samsung's mobile devices increased over the past few years. This is mainly attributed to the roaring success of Samsung's line of GALAXY devices, which include the GALAXY Note, GALAXY Note II and GALAXY Note 10.1.

With the investment in Wacom, we will be seeing more Samsung devices integrated with the S Pen in the near future. The upcoming GALAXY Note 8 tablet, which will be announced at MWC 2013, will sport the S Pen. Korean sources also claim that the GALAXY S IV will be the first of its series to integrate the S Pen.

Sources: Wacom, Yonhap via Android Authority

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