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© samsung Electronics Production | October 18, 2016

Samsung to compensate Galaxy Note 7 suppliers

The South Korean company has reportedly said that it will compensate its component suppliers for the now – abruptly – retired Galaxy Note 7.
According to a Reuters report the company is now considering giving the suppliers orders for other smartphone models in an attempt to soften the blow.

Samsung is planning to pay the companies – in full – for unused Note 7 parts which have already been manufactured and then compensate suppliers for unfinished components. He report also states that the company will pay for materials bought specifically to make Note 7 parts.

"Samsung will determine the inventory levels for the partner companies and carry out compensation quickly," samsung said in a statement according to Reuters.

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