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September 11, 2024
Foreign investors dump Seoul shares
...ear, setting a record since related data started to be compiled in 1988. Yet in the recent net-selling trend, foreign investors have ditched chip shares, including the stock of market bellwethers Samsung Electronics and SK hynix. From Sept. 3 to Tuesday, foreign investors sold off 2.6...
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September 11, 2024
US ups pressure on Korea to join China chip curbs
...so said the US will cooperate with Korea and address the concerns Korean companies have." While Samsung and SK hynix have not disclosed the exact number of their HBM sales in China, the volume is sai...nced HBM3E chips. According to a Reuters report last month, China has been stockpili...
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September 11, 2024
Battery-makers brace for further drop in lithium prices
...ther industry insider noted. “But we hope in the long run, price adjustment in battery cells could lead to bigger market share for EVs.” This year, the nation’s battery trio – LG Energy Solution, Samsung SDI and SK On – are already facing a bumpy road. From January to July, LG Ene...
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September 11, 2024
[From the Scene] Samsung renews European push with AI connectivity
BERLIN -- Samsung Electronics has opened an artificial intelligence-powered home appliance experience zone in the heart of Berlin, the largest home appliance market in Europe, strengthening its posit...where questions about AI can be easily answered. ... Some customers come here after vis...
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September 10, 2024
Samsung-Apple rivalry renewed as first AI iPhone debuts
...es, the new iPhone 16 and iPhone 16 Pro, which are highly anticipated to go up against its rival Samsung Electronics' Galaxy S24, touted as the "world's first AI smartphone." To the disappointment of...es at the same level as the previous iPhone 15 line, a move to keep its competitive ...
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September 10, 2024
Korean asset managers vie to ride Indian wave
...e now nine India-focused ETFs listed on the Korea Exchange, the country’s sole bourse operator. The fund products, including those introduced by crosstown rivals Mirae Asset Global Investments and Samsung Asset Management, track diverse assets from India’s benchmark stock index the Ni...
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September 10, 2024
[2024 IFA] Samsung to bolster B2B AI services
BERLIN -- Samsung Electronics has unveiled its vision to expand its AI presence from mobile devices and home appliances to residential and commercial buildings. Under the vision “AI for all,” the te... figure is expected to surge to 300,000,” said Sonia Chang, deputy head of the marke...
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September 10, 2024
Samsung SDI to sell polarizing film biz to China’s Wuxi for W1.1tr
Samsung SDI has decided to sell its polarizing film business to China’s Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($833.3 million) as the company aims to focus on honing the competi...etitiveness through continuous investment; and maximize synergy with the battery busin...
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September 09, 2024
Celltrion eyes new production plant, aims for W5tr in sales
... customized services to meet diverse company needs. The company has met the FDA's stringent cGMP standards for large-scale CDMO orders. Key global CDMO players include Switzerland's Lonza, Korea's Samsung Biologics and China's Wuxi Biologics. "We are actively exploring investment oppor...
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September 09, 2024
[2024 IFA] Samsung eyes bigger presence in ad-supported streaming market
BERLIN -- As TVs evolve into platforms offering limitless content-based enjoyment, Samsung Electronics has revealed its ambition to lead the free ad-supported television market, or FAST, by providing...bility,” Kim Yong-su, head of the global service business team of the visual display d...
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September 08, 2024
Samsung SDI to showcase advanced energy solutions at RE+ 2024
Samsung SDI will present its latest energy storage systems at RE+ 2024, the largest clean energy expo in North America, held in Anaheim, California, for four days starting Monday. The company’s show...ll revolve around the theme "A Sustainable Future Driven by PRiMX." PRiMX is a brandin...
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September 08, 2024
[2024 IFA] Samsung’s AI push has long way to go: CEO
BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Saturday that the tech giant’s recent push for artificial intelligence-powered home appliances still has a long way to go in f...e most important effort to achieve the goal. "This year is the first year of the era ...
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September 08, 2024
[2024 IFA] Samsung CEO weighs in with AI connectivity to take on rivals at IFA
BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the Korean tech giant is looking to artificial intelligence connectivity to take on its rivals, as this year’s IFA in Berlin, ...e of connecting products” is the key message to convey, Han told The Korea Herald on ...
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September 06, 2024
US’ new export controls to have little impact on Korean businesses: ministry
...ansistor, the technology that produces or develops high-performance computing chips for supercomputers. Industry officials here view the chip sector will not be affected by the US regulations, as Samsung Electronics has already established a stable production system that facilitates GA...
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September 05, 2024
[2024 IFA] What to expect from IFA trade show
...ficant interest. It will be especially notable to see how their advancements compare to those of Samsung and LG. Chinese home appliance firms are pursuing the European market to circumvent US sanctio...sign. Chinese home appliance firm Haier is to host a media conference Thursday, the...
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September 05, 2024
[2024 IFA] Samsung, LG to boast new AI-powered home appliances at IFA
LG LG Electronics is poised to introduce its new range of AI-powered home appliances designed to enhance convenience and energy efficiency. Under the theme “Experience, Affectionate Intelligence Home,” the consumer home appliance giant will run a 3,743-square-meter pavilion. The company will p...
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September 04, 2024
Nvidia sell-off drags down Samsung, SK hynix shares
Korean chipmakers Samsung Electronics and SK hynix saw their stock prices tumble Wednesday, following a plunge in Nvidia shares overnight. Nvidia, the world's leading graphic processing unit supplie... two chipmakers to suffer share losses for some time, experts here say. As of 3 p.m. W...
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September 03, 2024
Samsung rolls out artwork subscription service for premium TVs
Samsung Electronics introduced Tuesday an annual artwork subscription service for The Frame, the company’s premium TV, offering access to more than 2,500 pieces of art in a vivid 4K QLED display all ...e will continue to explore and offer various services to make life more meaningful and...
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September 02, 2024
Would Samsung benefit from Intel exit from foundry race?
...s reportedly reconsidering its lackluster foundry business, where it has set the goal of beating Samsung Electronics to become the industry's No. 2 by 2030. For Samsung, which is seeking to carve out... upcoming chips are to be manufactured by Samsung, at Hot Chips ...
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September 02, 2024
LG Electronics eyes IPO in India to spur growth
...year, the company’s semi-annual report showed. The sales figure increased 15 percent on-year to 2.09 trillion won, while net profit grew 27 percent to 198.2 billion won. While its crosstown rival Samsung Electronics is also upping the ante in India’s fast-growing market for smartphon...
December 21, 2024
