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July 15, 2024
Chinese rivals to take on Samsung with slimmer foldable phones
... Z 6 series are anticipated to surpass 10 million units, the previous model's estimate. Sales of Samsung's latest foldable phones are expected to increase by 30 percent compared to their predecessors,...sitive for consumers as they benefit from a more competitive market,” Roh Tae-moon,...
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July 14, 2024
Samsung chief renews commitment to India
Samsung Electronics Chairman Lee Jae-yong inspected Indian operations in Mumbai over the weekend, following his attendance at the wedding of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, according to the Korean tech giant Sunday. “Let’s make hi...
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July 12, 2024
Samsung invests in US DNA-sequencing biotech Element Biosciences
Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company said Friday. Element Biosciences, established in 2017 in San Diego, is a life s...
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July 12, 2024
South Korea faces existential issue: OECD
...the second half. "With inflation falling back and renewed demand for computer chips powering a wave of investment in AI across the world, exports are again driving growth," Koen said, adding that Samsung Electronics' recent earnings surprise in the second quarter — a 15-fold...
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July 11, 2024
S. Korea appeals tribunal order to pay $32m to US hedge fund
...it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015, the Justice Ministry said Thursday. The appeal to the ruling by the Perman...eaders here, which ultimately led to the impeachment of Park in 2017 and imprisonmen...
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July 11, 2024
LGE, Qualcomm chiefs meet to discuss AI partnership
LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial inte... and Korean conglomerates are seen ramping up their global networks in recent years. La...
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July 11, 2024
Samsung unveils slimmer AI-powered foldable phones
Samsung Electronics unveiled its new slimmer and lighter foldable phones -- the Galaxy Z Flip6 and Z Fold6 -- in Paris on Wednesday, betting big on the Olympics fever brewing in the French capital. As the venue for the biggest product launch in the latter half of this year, the...
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July 10, 2024
Texas governor vows full support for Samsung’s expansion in US
Texas Gov. Greg Abbott on Tuesday reiterated his full support for Samsung Electronics to secure a bigger footing in the US, upon his visit to the chip giant’s semiconductor manufacturing plant in Korea. Abbott visited Samsung’s semiconductor campus -- the world's la...
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July 10, 2024
Samsung wins first order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligen...e devices," Samsung Electronics President Choi Si-young i...
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July 09, 2024
Samsung wins order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged an order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence comp...sensors enhancing accuracy for edge devices," Samsung Electron...
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July 09, 2024
Samsung denies report on Olympic edition phone with LVMH
Samsung Electronics denied a report Tuesday that it is launching a special edition phone in collaboration with French luxury giant LVMH during the Galaxy Unpacked event for its new foldable phones held in Paris on Wednesday. A Samsung official said the tech giant is n...
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July 08, 2024
Samsung, SK bet big on glass substrates for AI chips
South Korea’s top chip makers Samsung Electronics and SK hynix are betting big on glass substrates, a “game changer” in chip making that could drastically boost the data capacity and speed of semicon...airman Chey Tae-won inspected the headquarters of Absolics last week durin...
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July 08, 2024
Samsung workers' union kicks off first-ever strike
Unionized workers of Samsung Electronics launched their first-ever strike Monday, demanding higher pay and warning of potential further action if the country's largest conglomerate does not meet their demands. The National Samsung Electronics Union, the nati...
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July 05, 2024
Samsung projects 15-fold surge in Q2 profit
Samsung Electronics predicted Friday that its operating profit in the April-June period would rebound to exceed 10 trillion won ($7.3 billion), driven by a recovery in demand for memory chips and rising prices on the back of the expansion of the artificial intelligence market. ...
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July 05, 2024
Value-up Program optimism brings Kospi to two-year high
...ack, other financial group stocks including Shinhan, Hana, BNK and JB also notched strong gains. Samsung Life Insurance gained over 3 percent to become the stock with the 19th-highest value in terms o...ck, will be cut by 5 percent points, starting from the second half of this year. Ma...
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July 03, 2024
Samsung to boost display investments in Vietnam
Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese...of about 90,000 people. In 2023, Samsung Vietnam exported $55.7 bil...
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July 02, 2024
[Business Diplomacy] Time matters more than money in engineering lobbying prowess
...intensifying competition between the US and China, Korean conglomerates have been seen significantly ramping up their spending in lobbying, renewing their Washington offices and increasing staff. Samsung Electronics, with its key items being smartphones and advanced chips, sp...
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July 02, 2024
Unionized Samsung workers to stage 3-day walkout
Unionized workers of Samsung Electronics have said they will stage a three-day walkout beginning July 8, as their negotiations with management over wages and working conditions have so far failed. The National Samsung Electronics Union, the largest among mul...
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July 01, 2024
Global memory chip market picks up amid AI boom
... continues to exhibit oversupply, but the three major suppliers are clearly intent on raising prices due to the capacity squeeze from HBM production," TrendForce said in its analysis, referring to Samsung Electronics, SK hynix and Micron Technology for the major suppliers. HB...
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June 30, 2024
Foreign buying of Korean shares soars to new record in H1
...vestors turned to net buying again in June, racking up 5.23 trillion won. The market bellwether Samsung Electronics was the most bought stock for offshore investors as they racked up shares worth 7.9... Samsung Electronics at 3.46 trillion won and SK hynix...
November 25, 2024
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