Samsung Electronics is taking a 5 per cent stake in smart phone operating system software developer Symbian.
Samsung will pay $46 million for the stake, Samsung spokesperson, Jenny Chung, said.
Other shareholders in the company are Ericsson, Matsushita Electric Industrial (Panasonic), Motorola, Nokia, Psion, Siemens and Sony Ericsson Mobile Communications.
The Seoul company began working on a smart phone based on the Symbian operating system in early 2002 and officially licensed the OS in October last year. This week it unveiled the first working prototype of a smart phone based on the Symbian software and its new Oyster applications processor.
Alongside its work on Symbian devices, Samsung has already commercialised products running on Symbian's main competitors: the Palm operating system and Microsoft's Windows-powered Smart Phone and Pocket PC Phone Edition.