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November 27, 2024
Samsung reveals new leadership in foundry push
Samsung Electronics on Wednesday replaced its foundry business head in its year-end leadership reshuffle and created the new president-level position of chief technology officer in an apparent move t... head of Device Solutions America, to president and head of its foundry business. Afte...
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November 26, 2024
[India Forum] India, more than a manufacturing hub
NEW DELHI -- For South Korean tech behemoth Samsung Electronics, India is more than just a manufacturing hub for the global market. The tech giant believes that Indian talent will drive innovation to take the country a step further on the global stage. “Samsung was one of the ...
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November 26, 2024
[India Forum] Korea, India seek to maximize synergy at Delhi business forum
...wing sessions, Korean and Indian business leaders from the manufacturing, construction, infrastructure, and financial investment sectors introduced their strategies for market expansion in India. Samsung Electronics South Asia’s Senior Vice President Chun Sang-pil highlighted the stra...
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November 26, 2024
Samsung entangled in legal risks amid calls for drastic reform
Entangled in court trials for nearly a decade, Samsung Electronics Chairman Lee Jae-yong appealed for leniency during the final hearing of a retrial, publicly acknowledging for the first time the cha...involving then-President Park Geun-hye. For this case related to the high-profile merg...
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November 26, 2024
Prosecutors seek 5-year prison term for Samsung chief in merger retrial
Prosecutors requested five years in prison and a fine of 500 million won ($356,000) for Samsung Electronics Chairman Lee Jae-yong on Monday, in the final hearing of a retrial over suspected stock man... conglomerate rigged the company valuation and falsified accounting records in the merg...
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November 25, 2024
Samsung SDI builds EV momentum with Audi, Hyundai deals
This agreement will support Hyundai and Kia’s transition to using Samsung SDI batteries in their EV lineups, including the luxury Genesis brand’s upcoming GV90 electric SUV. Until now, Hyundai and Kia primarily relied on LG Energy Solution and SK On for their battery supplies, making th...
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November 24, 2024
Nvidia CEO signals Samsung’s imminent shipment of AI chips
Samsung Electronics, the world's largest memory chip maker, is expected to supply its cutting-edge chips to the top graphics processing unit maker Nvidia soon, stepping closer to securing a footing i...Jensen Huang told Bloomberg Television that the company is "working as fast as it can t...
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November 22, 2024
OpenAI in talks with Samsung to power AI features, report says
OpenAI, the creator of ChatGPT, has reportedly engaged in discussions with Samsung Electronics to integrate artificial intelligence capabilities into Samsung’s electronic devices, according to a report Friday. This move could position OpenAI as a potential challenger to Google...
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November 21, 2024
Now is no time to add pressure on businesses: top executives
The top executives of 16 major Korean conglomerates, including Samsung, SK, Hyundai Motor and LG, on Thursday issued a rare joint statement opposing a proposed revision to the Commercial Act, which aims to increase the duties of corporate board members. “The proposed revision will lead ...
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November 20, 2024
Samsung Biologics hits W5tr in annual orders
Samsung Biologics said Wednesday that its cumulative orders this year have exceeded 5 trillion won ($3.59 billion), driven by consecutive large-scale deals with global pharmaceutical companies. In a...oduct details remain undisclosed, the contracts will run through December 2031. As of ...
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November 20, 2024
Samsung Electro-Mechanics obtains European certification for automotive camera software
Samsung Electro-Mechanics said Wednesday it has achieved the automotive spice (A-spice) level 3 certification for its camera modules used in automotive electronics and electrical equipment. A-spice ...ation and corresponds to the highest standard demanded by automotive manufacturers, acc...
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November 19, 2024
Carmakers, battery suppliers vie for leadership in battery management
...p-tier technologies that don’t overlap with these patents.” Beyond diagnostics, battery companies could also contribute to developing more enhanced BMS software than carmakers, the source added. Samsung SDI, holding 5,215 patents during the same period, is betting even bigger. It is...
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November 19, 2024
Mixed reactions as Korea seeks to lift 52-hour work limit for chipmakers
...th critics labeling it "regressive." In South Korea, home to the world's top memory chip makers Samsung Electronics and SK hynix, employees are prohibited from working more than 52 hours per week -- ...h Memory chip. While the HBM chips have come in high demand as crucial components f...
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November 19, 2024
[Contribution] How can Korean chip giants adapt to shifting global landscape?
...chnological advancements are reshaping this critical sector. South Korea's semiconductor giants, Samsung Electronics and SK hynix, are global leaders in the memory chip market, but maintaining their d...jurisdictions are intensifying their scrutiny of tech giants, including semiconducto...
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November 18, 2024
Korea Zinc buyout could jeopardize high-tech supply chains: sources
...ric acid used in Korea's semiconductor industry, approximately 240,000 tons out of 380,000 tons annually. Some 95 percent of sulfuric acid for semiconductors produced by Korea Zinc is supplied to Samsung Electronics and SK hynix, the world's top two memory chip makers. “A prolonged d...
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November 18, 2024
W10tr buyback plan fires up Samsung stock
Shares of Samsung Electronics continued to rebound Monday, recovering from the steep decline in the previous week, following the company’s announcement of a share buyback plan worth 10 trillion won (...cs shares, stock prices of other affiliates in the group also surged. Stocks of ...
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November 15, 2024
Samsung, LG clean up at CES 2025 Innovation Awards
...r and LG CineBeam projector also received awards. At the CES 2025 trade show to take place in Las Vegas from Jan. 7-10, attendees will be able to see the full lineup of award winners. Meanwhile, Samsung SDI, the conglomerate's battery affiliate, also won awards at the CES program for ...
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November 14, 2024
[Security Forum] Trump’s return mixed bag for Korean economy: trade experts
...elieve every president should prioritize their country," Kim said. "With Trump’s business-minded approach, he’ll likely want to help US companies succeed, including in Korea. Major companies like Samsung, LG and Hyundai have invested some $140 billion in the US over the past three ye...
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November 14, 2024
[KH Explains] For Korean automakers, Chinese EVs may loom larger than Tump’s tariffs
...od for US and foreign automakers, including Hyundai and Kia, to strengthen their EV lineups without facing immediate competition from low-cost Chinese rivals,” explained analyst Yim Eun-young from Samsung Securities. Hyundai, Kia bet big on American-made One of Trump’s flagship prop...
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November 14, 2024
Samsung, SK to unveil supercomputer chips at SC24
SK hynix, the world's second-largest memory chip maker and the dominant supplier of the HBMs, is expected to exhibit the AI chips along with AI training solutions utilizing CXL. The chipmaker is the main supplier of the high-value HBM3E chips to Nvidia, the largest GPU maker in the US, and is curr...
December 22, 2024
