Samsung Electronics to sell fiber optics business to Corning

SEOUL - South Korea's Samsung Electronics Co Ltd said on Tuesday that it will sell its fiber optics business to US glass panel supplier Corning Inc, without disclosing terms of the sale.

The sale will include Samsung Electronics' production facilities for the business in China and South Korea, the company's spokeswoman said. She declined to comment on details of the sale, including the price.

Corning supplies glass for smartphones made by Samsung Electronics and rival Apple Inc.