Samsung SDI and Samsung Electronics can't settle on compensations for the Note 7 fiasco

Samsung SDI and Samsung Electronics can't settle on compensations for the Note 7 fiasco
After the entire Galaxy Note 7 saga, both Samsung and independent investigators reached the conclusion that there's nothing wrong with the phablet itself, and the actual batteries were to blame for the problems that plagued the Note 7.

Therefore, it's only natural for Samsung Electronics to seek some compensation from its battery suppliers, including its own sister company – Samsung SDI. However, it appears that talks between the two Samsung affiliates aren't going as smoothly as they would like.

According to a report from South Korea, the negotiations on Samsung Electronics' compensation have stalled, as the the two sister companies can't seem to reach an agreement. The source claims that Samsung SDI is requesting a reduction of the sum, but Samsung Electronics isn't too keen on providing it.

Considering the battery supplier had a pretty rough year, reporting an operating loss of $826.9 million thanks to the Note 7 debacle and slow sales of car batteries in China, the compensation Samsung Electronics is asking for might be too much for SDI to handle.

“Samsung Electronics is likely to lower the settlement money considering their close ties. But we have to wait and see,” an unnamed source told The Investor. A Samsung SDI spokesperson reportedly refused to comment, as the talks are still ongoing.

source: TheInvestor via SamMobile

Related phones

Galaxy Note 7
  • Display 5.7" 1440 x 2560 pixels
  • Camera 12 MP / 5 MP front
  • Processor Qualcomm Snapdragon 820, Quad-core, 2150 MHz
  • Storage 64 GB + microSDXC
  • Battery 3500 mAh

FEATURED VIDEO

8 Comments

1. Podrick

Posts: 1284; Member since: Aug 19, 2015

Goodenough's new battery can't come soonenough.

5. ShadowSnypa786

Posts: 554; Member since: Jan 06, 2017

"There's nothing wrong with the phablet itself, and the actual batteries were to blame for the problems that plagued the Note 7" Please release it with a slightly smaller battery so I can buy it over the S7 Edge, not really digging the S8 this year and cant be asked waiting another 7 months for the Note 8 which will have the same design ethos as the S8.

6. Tabby_Tiger

Posts: 305; Member since: Jan 23, 2017

Kind of like Samsung ends up suing itself. Apple's dream come true!

16. Rampage_Taco

Posts: 1036; Member since: Jan 17, 2017

It's like having Mountain Dew suing Sierra Mist, what's even the point

13. sissy246

Posts: 7070; Member since: Mar 04, 2015

Edit: dumb

17. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Yea because SDi doesn't want to pay for their screw up. Samsung is likely asking for at least 50% of all loses with the Note 7. The Note 7 would have been the first to sell 50M and SDI and Amperex messed it up. Its not Samsung's fault. It is their fault. Believe they will pay if I was head of Samsung Electronics. Either pay or I send one of my tanks to end you permanently. Even if they would have sold the usual 30M or so Note device, that is a lot of lost money. They made 4M and sold 3.5M and recalled and 90% have been returned. SDI owes for ALL LOST sales and potential fair amount of lost sales. PAY UP |3ITCHES!!!

20. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Well since SDI isn't making any money, then they need to sell the company to Samsung Electronics and then their wont ever be a problem again.

21. trojan_horse

Posts: 5868; Member since: May 06, 2016

I don't see this as a major issue. Samsung and it's SDI subsidiary will eventually kiss and make up.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.