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June 01, 2023
Seoul shares open higher despite heightened N. Korea tension
...for May fell to a five-month low of 48.8, indicating a slower-than-expected recovery. Big tech stocks stood strong Wednesday, buoyed by foreign investors’ buying rush. Shares of tech heavyweight Samsung Electronics hit up to 72,500 won. Foreign investors have been raising t...
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June 01, 2023
Samsung employees donate W230m via May campaign
Samsung Electronics said Wednesday it has donated over 230 million won ($174,000) by launching a socially responsible campaign in May, driven by employee participation, to support 20 children from low-income households. Samsung’s chairman Lee Jae-yong, who has report...
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May 31, 2023
Is China feeling pressure from its own ban against Micron?
...condition of anonymity. “The rare message appears to show that China is desperate. While YMTC may be able to supply some demand for NAND flash, there is no Chinese company producing Dram. Korea's Samsung Electronics and SK hynix are the major suppliers for the country," the ...
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May 31, 2023
Samsung self-repair service becomes available in Korea
Samsung Electronics said Monday it is offering a self-repair service program in South Korea for key products, including Galaxy smartphones, laptops and TVs, following the program's debut in the US last year. Under the program, the tech giant allows consumers to purchase parts a...
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May 29, 2023
Foreign investors return to Korean stock market
...ous two years. The buying spree of foreign investors was led by big-name tech giants, including Samsung Electronics and SK hynix, backed by hopes that the global semiconductor industry has neared the... 100,000 won mark on Thursday for the first time in 10 months, since July ...
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May 25, 2023
S. Korea asks US to give more leeway on chip expansion in China
...r, with less than 128-layer NAND flash and over 18nm DRAM -- the older, and less critical chips. The release of the guardrail proposal has prompted concerns for Korea’s leading chipmakers such as Samsung Electronics and SK hynix, which seek to receive US subsidies for their ...
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May 24, 2023
Posco sweeps medals at Stainless Steel Awards
... mobile devices; and a bronze medal for its low-cost brazing filler metal for stainless steel mainly used for air-conditioning refrigerant piping. The 430 DP steel is a material co-developed with Samsung Electronics that has enhanced strength by 50 percent despite a 20 percen...
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May 24, 2023
Samsung Health bets big on sleep-tracking
Samsung Electronics said Tuesday it is working on advanced sleep-tracking technology as it seeks to boost its burgeoning health solutions business on its smartwatches. “Launched in 2012, Samsung Health has become a global health solution used by 64 million users arou...
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May 24, 2023
ASM determined to expand investment in Korea: CEO
...an equipment companies, the ASM chief underscored that local firms will have to make "very significant effort" to catch up with the R&D capabilities it has built over the past two decades. Having Samsung Electronics and SK hynix in its list of industry-leading clients, ASM wi...
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May 23, 2023
Samsung mulls moving launch date forward for upcoming foldable phones
Samsung Electronics is considering holding the upcoming unpacking event for its new foldable phones at home in Korea while advancing its launch schedule to earlier than usual, industry sources said Monday. Samsung usually holds two highly publicized launch events for ...
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May 23, 2023
Pressure mounts on Korean chipmakers as China restricts Micron chip sales
...g both China and the US as major clients, industry observers here say. Though exact figures are not public, the two countries account for similar portions of the the world's No. 1 DRAM chip maker Samsung Electronics' total chip sales. SK hynix also has the two countries as it...
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May 23, 2023
Samsung-backed Rainbow Robotics seeks bigger footing in US
Rainbow Robotics, in which Samsung Electronics recently secured a total of 14.99 percent stake, is seeking to secure a footing in the US as it participates in this week’s US Automate, North America’s largest automation trade show. The company plans to showcase its five collab...
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May 22, 2023
Kioxia-Western Digital merger talks no immediate threat to Samsung, SK
...ld's No. 2 and No. 4 NAND flash suppliers of Japan and the United States are discussing a potential merger to achieve market prowess, eyes are on how the move will impact the current market leader Samsung Electronics. In a report last week, Reuters said Japan's Kioxia Holding...
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May 19, 2023
Samsung starts mass production of most advanced DRAM chips
Samsung Electronics, the world’s largest memory chip maker, said Thursday it kicked off the mass production of its 16-gigabit DDR5 DRAM, which utilizes the industry’s most advanced 12 nanometer-class process technology. Boasting a maximum speed of 7.2 gigabits per second, whi...
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May 18, 2023
Kishida to meet tech CEOs in renewed chip push
Japanese Prime Minister Fumio Kishida has invited the heads of global chipmakers, including Samsung Electronics, to meet, in an apparent move to boost his nation’s chip industry, according to Japan’s Yomiuri Shimbun newspaper on Wednesday. The media outlet said a total of sev...
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May 18, 2023
LG Display could turn profit with Samsung OLED deal: report
LG Display, which has been suffering operating losses in recent months, could turn a profit next year if it starts supplying OLED panels to Samsung Electronics as early as this quarter, an analyst report said Wednesday. “LG Display is expected to supply 77-inch, 83-inch OLED p...
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May 17, 2023
Major firms’ profits nearly halved in chip downturn
...ed up 6.8 percent to record 700.7 trillion won in the first quarter of this year. For the severe drop in the combined operating income, the corporate tracker attributed to the poor performance of Samsung Electronics and SK hynix, the world’s No. 1 and No. 2 memory chip maker...
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May 16, 2023
BOK, Samsung join hands for offline payment using CBDC
The Bank of Korea and Samsung Electronics on Monday have joined hands to develop Central Bank Digital Currency technology that enables transactions to be made without internet access. The two sides signed a memorandum of understanding at Samsung’s headquarters in Suw...
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May 16, 2023
Samsung eyes chip facility in Japan amid thaw in Seoul-Tokyo relations
Samsung Electronics, the world’s top chipmaker by revenue, is reportedly considering building an additional research and development facility in Japan amid a thaw in Seoul-Tokyo relations. Japanese media outlet Nikkei reported on Sunday that the Korean chipmaker will build a c...
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May 15, 2023
Samsung, Tesla chiefs meet in Silicon Valley
Samsung Electronics Chairman Lee Jae-yong met with Tesla CEO Elon Musk at the Korean tech giant’s chip complex in Silicon Valley on Wednesday to discuss ways to strengthen cooperation in future tech ... keen attention is focused on whether Samsung can secure more chip...
November 26, 2024
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