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April 17, 2024
Samsung CEO bets big on connectivity to take on Apple
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said its home appliance division, backed by enhanced connectivity with mobile devices, will enjoy its heyday in the second half of this year,...ign and furniture exhibitions, being held in the northern Italy city. Han, who has bee...
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April 17, 2024
Samsung Electronics develops industry-first LPDDR5X DRAM
Samsung Electronics, the world's largest memory chipmaker, said Wednesday it has developed the industry's first low-power double data rate 5X (LPDDR5X) DRAM chips, a memory solution tailored for AI a...percent and capacity by more than 30 percent compared with the previous generation, acc...
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April 17, 2024
World IT Show 2024 kicks off in Seoul
...ies, including South Korea, attending, according to the Ministry of Science and ICT. Tech giant Samsung Electronics plans to present its AI platform, Galaxy AI, allowing visitors to experience AI fun...ng real-time translation. The company said it will also showcase its electronic wal...
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April 16, 2024
Credit card transactions hit W900tr in 2023
... combined card payment performance of the nation's eight major credit card companies -- Shinhan, Samsung, Hyundai, KB Kookmin, Lotte, Woori, Hana, and BC -- reached 920.5 trillion won, marking a 6.4 p... so. KB Kookmin Card followed with 164.4 trillion won, Hyundai Card with 160.1 tril...
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April 16, 2024
SK hynix sees 30% surge in market cap in Q1
...ercent from January to the end of March, growing from 103.6 trillion won to 133.2 trillion won. Samsung Electronics, the world's top memory chip maker and the country's largest conglomerate by market...by 3.8 trillion won and 3.7 trillion won, respectively. Combining the market cap of...
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April 16, 2024
SK Group emerges as second-most-valuable conglomerate
...uth Korea's chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK ...o 2,599 trillion won at end-March from 2,503 trillion won in early January, the inst...
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April 16, 2024
Samsung Electronics set to expand chips supply chain after $6.4b US grants
Samsung Electronics is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government ...20 percent of the world's leading-edge chips by the end of the decade. The funding wil...
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April 16, 2024
US confirms $6.4 billion chip subsidy for Samsung
The US government announced Monday that it will award up to $6.4 billion to Samsung Electronics for its chip fabrication facilities in Taylor, Texas. "The return of leading-edge chip manufacturing t...e Gina Raimondo also revealed that the subsidy plan, coming under the US Chips Act, wil...
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April 15, 2024
Samsung, LG showcase built-in lineup at Milan Design Week
LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. According to the company, the booth consists of three different areas. The main kitchen zone displays the ...
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April 15, 2024
BMW purchases over $4.7b Korea-made parts in 2023
...ercent compared to 2022, and even exceeded the Korean branch’s sales revenue, which was around 6.10 trillion won last year. Major contributors to this supply chain include domestic suppliers like Samsung SDI, Samsung Display, LG Group, Hankook Tire and Sebang Global Battery,...
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April 12, 2024
Korea faces another compensation claim over 2015 Samsung merger
...orean government faced another compensation claim for its alleged role in the 2015 merger of two Samsung companies. The Hague-based Permanent Court of Arbitration ruled Thursday that the Korean gover...state-run National Pension Service, Samsung C&T’s largest shareholder, ap...
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April 11, 2024
Kakao Healthcare boosts partnership with Google
...ical institutions and hospitals to collaborate on AI-based research. R-Alliance members include University Medical Center, Yonsei University Health Systems, Ewha Womans University Medical Center, Samsung Medical Center, Chonnam National University Hospital and Chosun University Hospita...
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April 11, 2024
Samsung retains No. 1 spot in US home appliance market
Samsung Electronics retained its No. 1 spot in the US home appliance market for an eighth consecutive year, dating to 2016, thanks to strong sales of key household products including refrigerators and washers, industry data showed Wednesday. According to market tracker TraQline, Sam...
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April 11, 2024
Korean battery firms await grim Q1 earnings amid EV slowdown
Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the wither...quipped EVs such as the BMW i4, i5, i7 sold well in Europe and the Rivian EVs also equi...
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April 09, 2024
Samsung hopes to shed Galaxy brand's ‘ajeossi phone’ reputation
Samsung Electronics is striving to shed the reputation of its flagship Galaxy smartphones as "ajeossi" phones among teens and users in their 20s, with short films starring popular TV celebrities. An... 2023, 65 percent of younger users said they used an iPhone, double the number of those...
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April 09, 2024
Samsung to receive over $6b subsidy from US: report
Samsung Electronics is set to receive between $6 billion and $7 billion in grants from the US government next week as the Korean chipmaker looks to bolster its US production, Reuters reported Monday....n double its US investment to $44 billion as part of the deal with Washington, DC. It a...
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April 09, 2024
Hotel Shilla CEO to sell W440b of Samsung shares
...and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources reveale...January. Concurrently, Lee Boo-jin is also unloading stakes in other group affiliate...
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April 09, 2024
US unveils some $11.6b in grants, loans to TSMC
... about 20 percent of the world's advanced chips by 2030. The announcement came as South Korea's Samsung Electronics is expected to win grants for its investment in Texas under the act that sets aside...cturing jobs for Arizonans." Attention has pivoted to how much funding South Korea'...
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April 08, 2024
Foreigners' stock investment hits record high in Q1
.... Meanwhile, foreigners had mostly purchased shares in semiconductor and auto industries in the first quarter. According to the Korea Exchange, they scooped up 5.5 trillion won worth of shares of Samsung Electronics, the world's largest supplier of memory chips, followed by 2.14 trilli...
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April 08, 2024
Samsung, SK boost investment to secure hefty chip subsidies in US
South Korean chipmakers Samsung Electronics and SK hynix have been boosting investment in the US to secure federal subsidies and get ahead in the intensifying competition in the advanced chip packagi...tions with the US government are still underway, and there is nothing we can confirm fo...
December 22, 2024
