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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 ... facility estimated to cost some 30 billion yen ($220 million) in Yokohama, where it a...
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May 16, 2023
[Herald Interview] US states compete to lure Korean battery makers
... has already been announced as the host of a $2.5 billion battery plant, a joint venture between Samsung SDI and Stellantis, in the city of Kokomo. With production set to start in 2025, the high-profi... Jaewon Industrial, a South Korean battery materials manufacturing company and a key...
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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 orders fr...
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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 a local ca...
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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
Samsung SDS joins hands with o9 Solutions, Emro for SaaS solution
Samsung SDS announced Thursday that it has formed strategic partnerships with o9 Solutions, a US-based planning platform provider, and Emro, a Korean Supplier Relationship Management vendor, in a bid...he firm’s competitiveness in the wake of the COVID-19 pandemic and increased geopoliti...
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May 12, 2023
Google takes aim at Samsung with first foldable phone
...ts 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 a...eXperience division, said: “If more people experience foldable smartphones and the ...
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May 10, 2023
Kia outpaces Tesla in profitability
...e world’s top electric vehicle company, an analyst report showed Tuesday. Kia’s first-quarter operating profit margin came to 12.1 percent, surpassing that of Tesla’s 11 percent, according to the Samsung Securities report. “Kia could be the only traditional auto maker that can com...
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May 10, 2023
Korea unveils 10-year blueprint for chip supremacy
...niaturize 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 more efficient chips, the ...y as growth from chip miniaturization starts to plateau. At the Tuesday briefing he...
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May 09, 2023
Korea’s battery exports to grow 33% annually until 2030: Goldman Sachs
... General Motors, Stellantis and Ford Motor, according to data from the US Department of Energy. Samsung SDI and SK On produce batteries for 4 eligible models made from Stellantis and Ford Motor, and ...hree Tesla models are equipped with Japan’s Panasonic and China-based CATL. LG Ene...
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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 semic...cuss ways to foster competitiveness for the biopharma industry and joint bu...
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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 of experts...
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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 Taiw...mory chipmaker’s goal is to create a technology that does not exist in the world. He ...
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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. Ta...ng measures to ban access of generative AI tools on company-owned computers, tablets an...
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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....ees, to secure the right to legally strike through a member vote. There have been no s...
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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 quarter of ...
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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 lar...he first half of this year compared to the same period a year ago. KB Securities esti...
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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 indu...l with the drastic deterioration of the performance, we will take active measures,” Ky...
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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 with Rockwe...
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May 02, 2023
Chaebol chiefs have hands full after summit
... 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 major US tech companies... Lee was able to extend his US trip, as his next trial date in Seoul over the 2015 ...
December 24, 2024
