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July 21, 2024
Is Samsung on track for large-scale M&A deals?
Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech gian...ing in knowledge graph technology. It is the first time the company makes such an inves...
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July 19, 2024
Samsung sees fewer preorders for Galaxy Z foldable phones
Preorders for Samsung Electronics’ new foldable smartphones have topped 910,000 units in South Korea, a decline from 1.02 million preorders for their predecessors last year, according to the tech giant on Friday. Ahead of the official release of the Galaxy Z Flip6 and Fold6 on July 24, ...
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July 18, 2024
Asset managers rush to rebrand ETF products to spur growth
... assets, such as leading US stock indices Nasdaq 100 and S&P 500 to India’s benchmark Nifty 50. While the domestic ETF market is spearheaded by crosstown rivals Mirae Asset Global Investments and Samsung Asset Management, each owning more than 35 percent market share, others are seeki...
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July 18, 2024
Samsung acquires UK tech startup to expand on-device AI capabilities
Samsung Electronics said Thursday that it has acquired Oxford Semantic Technologies, a UK-based startup, to enhance the on-device AI integrated into its Galaxy series. According to the tech giant, t... the field of data knowledge," said Cheun Kyung-whoon, president and chief technology o...
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July 18, 2024
[KH Explains] Doosan's merger plan fuels investor clash
...orea’s capital market law, and is unable to reflect a company’s intrinsic value, such as its profit-making potential. This has led to similar controversies in past mergers, like the merger between Samsung C&T and Cheil Industries in 2015. Industry experts have voiced concerns over th...
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July 15, 2024
Trump presidency won’t be a bane for Korean firms: FKI chief
...in states with a weak labor union presence, Trump’s second term would be a positive factor, as Biden would prefer states with union strongholds where Democrats are more likely to be, Ryu claimed. Samsung Electronics invested in Texas while Hyundai Motor Group chose Georgia and Alabama...
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July 15, 2024
Chinese rivals to take on Samsung with slimmer foldable phones
... Z 6 series are anticipated to surpass 10 million units, the previous model's estimate. Sales of Samsung's latest foldable phones are expected to increase by 30 percent compared to their predecessors,...ercent from a year earlier. Huawei's market share more than doubled on-year to 35 pe...
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July 14, 2024
Samsung chief renews commitment to India
Samsung Electronics Chairman Lee Jae-yong inspected Indian operations in Mumbai over the weekend, following his attendance at the wedding of Anant Ambani, the youngest son of Reliance Industries Chai... quoted as saying during his meeting with local employees. His four-day visit to India...
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July 12, 2024
Samsung invests in US DNA-sequencing biotech Element Biosciences
Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company ...and multi-omics technology that boasts the industry's "top level" accuracy for research...
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July 12, 2024
South Korea faces existential issue: OECD
...the second half. "With inflation falling back and renewed demand for computer chips powering a wave of investment in AI across the world, exports are again driving growth," Koen said, adding that Samsung Electronics' recent earnings surprise in the second quarter — a 15-fold surge on-...
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July 11, 2024
S. Korea appeals tribunal order to pay $32m to US hedge fund
...it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015, the Justice Ministry said Thursday. The appeal to the ruling by the Perman...fluence over the National Pension Service’s decision to green-light the $8-billion ...
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July 11, 2024
LGE, Qualcomm chiefs meet to discuss AI partnership
...sing AI, and offer differentiated user experience to them,” Cho said. Leaders of global tech giants and Korean conglomerates are seen ramping up their global networks in recent years. Last month, Samsung Electronics Chairman Lee Jae-yong met with the Qualcomm CEO in the US and discuss...
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July 11, 2024
Samsung invests W72b in US fund for AI-driven biotech
Samsung C&T and its biotech subsidiaries Samsung Biologics and Samsung Bioepis, announced Thursday they would invest 72 billion won ($52 million) in a US fund focused on startups using AI-based new power drug development platform technologies. The investment will be m...
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July 11, 2024
Samsung unveils slimmer AI-powered foldable phones
Samsung Electronics unveiled its new slimmer and lighter foldable phones -- the Galaxy Z Flip6 and Z Fold6 -- in Paris on Wednesday, betting big on the Olympics fever brewing in the French capital. ... be available for customers who purchase the new phones at the company’s online shoppi...
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July 10, 2024
Texas governor vows full support for Samsung’s expansion in US
Texas Gov. Greg Abbott on Tuesday reiterated his full support for Samsung Electronics to secure a bigger footing in the US, upon his visit to the chip giant’s semiconductor manufacturing plant in Kor...eadquarters across the entire globe and have found none better,” Abbott said of his v...
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July 10, 2024
Samsung wins first order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligen...p Rebellion set up booths to present their solutions for Samsung's foundry cl...
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July 09, 2024
Samsung wins order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged an order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence comp...p Rebellion set up booths to present their solutions for Samsung's foundry cl...
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July 09, 2024
Samsung denies report on Olympic edition phone with LVMH
Samsung Electronics denied a report Tuesday that it is launching a special edition phone in collaboration with French luxury giant LVMH during the Galaxy Unpacked event for its new foldable phones held in Paris on Wednesday. A Samsung official said the tech giant is not teaming...
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July 08, 2024
Samsung, SK bet big on glass substrates for AI chips
South Korea’s top chip makers Samsung Electronics and SK hynix are betting big on glass substrates, a “game changer” in chip making that could drastically boost the data capacity and speed of semicon...airman Chey Tae-won inspected the headquarters of Absolics last week during his trip...
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July 08, 2024
[Business Diplomacy] Importance of tracking money in politics
... the same period, the Korea Trade-Investment Promotion Agency, or KOTRA, has spared $121 million to become the 10th biggest foreign principal to lobby in the US. Korea’s top conglomerates such as Samsung, Hyundai Motor, SK and LG have spent millions of dollars as they expand their bus...
December 22, 2024
