'Samsung Elec likely to procure phone batteries from LG Chem'

Samsung Electronics Co Ltd is in talks with LG Chem Ltd to make it one of its smartphone battery suppliers, the Chosun Ilbo newspaper said on Monday - a move that would diversify its supplier base after the failure of its Galaxy Note 7.
Samsung Electronics, the world's top smartphone maker, currently procures Note batteries from group firm Samsung SDI and China's Amperex Technology.
Chosun Ilbo quoted an industry official as saying that there was more than a 90 percent chance of a deal being struck and said that Samsung Electronics would likely begin procuring LG Chem batteries from the second half of next year.