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May 12, 2023
Speculation over Samsung Pay turning to paid service intensifies
Samsung Electronics' recent decision not to renew its existing contract with local card companies for its mobile payment service Samsung Pay has sparked speculations that the company might start charging fees for the service. Under the previously signed contract with ...
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May 12, 2023
OLED rivalry of Samsung, BOE expands into patent war
...anel manufacturer BOE Technology and two of its subsidiaries recently filed six lawsuits against Samsung Display and its five Chinese entities concerning patent infringement at Chongqing No. 1 Interme...ghly sophisticated OLED patents. The patents include Diamond Pixel, one of the key ...
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May 12, 2023
Google takes aim at Samsung with first foldable phone
US tech giant Google unveiled its first foldable smartphone, the Pixel Fold, at its annual I/O developer conference in California Wednesday, aiming to challenge the dominance of Samsung Electronics in the global market. While Chinese smartphone makers such as Huawei, Oppo, Vivo...
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May 10, 2023
Korea unveils 10-year blueprint for chip supremacy
... RAM, phase-change RAM and ReRAM, or resistive random-access memory. Intensifying competition to miniaturize circuits for high-density and low-power chips have prompted leading chipmakers such as Samsung Electronics and TSMC to develop 3-nanometer chips. For narrower and mor...
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May 08, 2023
Samsung chief vows to repeat chip success story in biopharma
Samsung Electronics Chairman Lee Jae-yong, the de facto leader of Samsung Group, vowed to boost the nation’s largest conglomerate’s burgeoning biopharma business to "repeat the success story of semiconductors," as he met with heads of major biopharmaceutical companie...
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May 08, 2023
German envoy calls for close ties with 'like-minded' Korea in digital tech era
..., the information revolution has been reshaped every 10 years in line with technology development in chips. Korea needs the support of the state to prepare for the next revolution in advance,” the Samsung Electronics executive-turned-lawmaker said. The GBF is an association ...
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May 07, 2023
Samsung to develop supercomputer, overtake TSMC in 5 years: Co-CEO
Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chip business, unveiled the company's five-year plan to develop memory chip-centered supercomputers and catch up with its Taiwan-based foundry rival TSMC. Kyung visited the Korea Advanced Institute of Sci...
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May 04, 2023
Samsung bans AI chatbots after leak
Samsung Electronics joined other tech companies in banning the use of ChatGPT and other AI-powered chatbots by its employees, after discovering leaks of sensitive internal codes by its engineers. Taking measures to ban access of generative AI tools on company-owned computers, t...
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May 04, 2023
Samsung Electronics may face 1st labor strike over wage deadlock
Samsung Electronics could face its first-ever labor strike as unionized workers have secured the right to legally conduct a walkout after wage talks between the tech giant and unionists fell through. According to industry sources Wednesday, Korea’s National Labor Relations Com...
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May 02, 2023
Exports decline for 7 consecutive months amid chip slump
...verse channels" to increase exchanges, and support exports of premium consumer goods to the neighboring country. South Korea’s chip industry, led by the world’s No. 1 and No. 2 memory chip makers Samsung Electronics and SK hynix, has reported poor performance in the first q...
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May 02, 2023
Samsung eyeing 25% cut in chip production: analysts
Samsung Electronics is expected to cut its memory chip production by up to 25 percent in an effort to ease inventory woes, according to analysts on Sunday. The projection comes after the world’s largest memory chip maker hinted on an earnings call last week that it would start...
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May 02, 2023
Samsung to raise wafer input for R&D
Samsung Electronics, which recently recorded its worst operating profit in the first quarter, is expected to increase its spending to raise wafer input for research and development, according to industry sources on Monday. Kyung Kye-hyun, the CEO in charge of the tech giant’s ...
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May 02, 2023
Doosan rides Rockwell's presence for 'cobot' expansion in North America
...ded automation solutions for a wide range of manufacturers, including Korean companies. In 2022, the company secured massive projects such as Hyundai Motor Group’s upcoming EV plant in Georgia and Samsung Electronics’ planned foundry plant in Taylor, Texas. "Collaborating w...
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May 02, 2023
Chaebol chiefs have hands full after summit
...ir overseas stays, possibly in a bid to bolster their global network, while others came back home to inspect local operations. Visiting the US for the first time after being promoted to chairman, Samsung Electronics’ Lee Jae-yong is continuing his trip to meet with chiefs of...
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April 30, 2023
S. Korea, US agree to minimize US CHIPS Act-induced uncertainties
... announced the US CHIPS and Science Act aimed at boosting the country's semiconductor industry by offering ample subsidies to global chipmakers to build chip manufacturing facilities on its soil. Samsung Electronics, the world's No. 1 memory chipmaker, is building a chip manu...
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April 28, 2023
LG beats Q1 earnings estimates, outpaces Samsung for 1st time
Despite the global economic downturn, LG Electronics announced surprise earnings for the January-March period, outpacing its crosstown rival Samsung Electronics' financial result for the first time in more than a decade. In a regulatory filing on Thursday, the consume...
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April 28, 2023
Korean chip, car industries unassuaged by summit talks
...en also said it would create jobs in America and also in Korea, but did not elaborate how the subsidy plan would benefit Korean companies. “It’s creating jobs in South Korea, not just SK but with Samsung and in other industries,” said the president, referring to Samsung
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April 28, 2023
Samsung posts worst quarterly earnings in 14 years
Samsung Electronics, which posted its worst quarterly earnings in 14 years amid weak demand and falling chip prices, said it expects a gradual recovery in the second half of the year as the effects of production cuts kick in from the following quarter. In response, the world's ...
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April 27, 2023
SK hynix suffers record loss in Q1, eyes recovery in Q2
...a guardrail provision limiting beneficiaries from expanding production in China. With existing plans to build chip production facilities in the US, South Korean chipmakers, including SK hynix and Samsung Electronics, have been under pressure, as they also have key manufacturi...
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April 26, 2023
Samsung, Posco join forces to tackle business uncertainties
...outh Korean steel giant Posco said Tuesday it had signed its first ever long-term agreement with Samsung Electronics in a bid to expand technical cooperation between the two industrial giants and to j...en the partnership between Posco and Samsung Electronics
November 26, 2024
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