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April 02, 2024
Korea urged to step up incentives for chipmakers
...ive years, while the member nations of the European Union are gearing up to invest 43 billion euros through 2030. On the other hand, South Korea, home to the world's two largest memory chipmakers Samsung Electronics and SK hynix, has been pointed out as lacking such direct su...
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April 02, 2024
Biz community bids final farewell to late Chairman Cho Suck-rai
...an, China and other major economies, Cho played a prominent role in regional business associations, such as the Pacific Basin Economic Council and the Korea-U.S. Business Council. During his five-day mourning period, a number of South Korean political and business leaders, including Prime Minist...
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March 29, 2024
Daughter of late Samsung chairman becomes Samsung C&T president
Lee Seo-hyun, the second daughter of late Samsung Group Chairman Lee Kun-hee and the younger sister of Samsung Electronics Chairman Lee Jae-yong, is returning to the management as she takes the post of president at Samsung C&T. Samsung C&T, the con...
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March 29, 2024
Samsung opens AI TV experience zone in Singapore Changi Airport
Starting with Singapore, Samsung plans to make a sales push on AI TVs in the Southeast Asia and Oceania markets, the company said. “Based on our technologies that have led the global TV market for 1...connection experience to more consumers in those regions,” said Jo Sang-ho, president...
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March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
From the red and blue shortcut buttons with Netflix and Disney+ logos to fancier features and operating systems, Samsung Electronics and LG Electronics, the world’s top two TV makers, are pouring resources into content, not just hardware itself, to elevate profits. R...
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March 22, 2024
US official notes Korean firms' move not to sell used chip equipment to China as 'encouraging'
...e PRC. Also, the governments of the Netherlands and Japan have announced and implemented controls on semiconductor manufacturing equipment," he noted. Last week, the Financial Times reported that Samsung Electronics and SK hynix stopped selling their old chip producing equipm...
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March 21, 2024
US unveils some $20 bln in grants, loans to Intel
...he Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in grants and $11 billion in loans under the CHIPS and Science Act, it said, as South Korea's Samsung Electronics and Taiwan Semiconductor Manufacturing are also expected to ...
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March 20, 2024
Samsung Electronics sees high economic uncertainty, new opportunity in AI
Samsung Electronics, the world's largest maker of memory chips, said Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of artificial intelligence (AI). "Although uncertainties in the macroeconomic env...
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March 19, 2024
Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two full-capacity laundry machines to complete the entire laundry process in ...
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March 19, 2024
Samsung Electro-Mechanics to release high-voltage MLCCs for EVs
Samsung Electro-Mechanics announced on Tuesday the launch of its latest high-voltage MLCCs tailored for electric vehicles, in response to surging demand from global automotive component manufacturers... or 1.6 millimeters in width, ensure a stable power supply even in high-frequency envir...
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March 18, 2024
Samsung C&T shareholders vote down activists' dividend hike proposal
...fails" to reflect the company's increasing profit. “Dividends are paid out of affiliate income. Samsung C&T pays dividends out of the dividends it gains from the affiliates. But normally, companies p...st year. Shareholder return also remained stagnant in the past decade, even as list...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...n the rankings of Celltrion (from 12th to 8th), Shinhan Financial Group (from 18th to 15th), and Samsung Life Insurance (from 21st to 19th), showing significant upward momentum. Conversely, concerns ...f last year to 18th this month, while Naver slipped 3 spots from 9th to 12th. On the...
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March 15, 2024
Samsung Electronics' unionized workers threaten first-ever strike
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 management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission,...
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March 15, 2024
Samsung Electronics to receive $6b subsidy in US
The US Department of Commerce is poised to grant Samsung Electronics subsidies exceeding $6 billion, according to a news report Friday. “The US plans to award more than $6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texa...
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March 13, 2024
Nvidia soars in AI boom, Samsung, TSMC struggle – Uncovering the why
...s patterns. As a result, TSMC has maintained a conservative Q1 earnings forecast of $18 billion to $18.8 billion amid the AI semiconductor surge. In contrast to TSMC's specialized foundry focus, Samsung Electronics, an Integrated Device Manufacturer (IDM) with diverse memory...
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March 13, 2024
US gains propel Kospi to 2-year intraday high
...est rate cut, the US stocks rallied backed by the rebound in AI shares,” analyst Han Ji-young from Kiwoom Securities said. “The AI rally stretched out to the local stock market.” Tech heavyweight Samsung Electronics' shares stood at 73,700 won, marking a 0.55 percent gain,...
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March 11, 2024
Samsung to debut washer-dryer combo globally in Q2
Samsung Electronics said Monday it would launch its latest Bespoke AI Combo, a combined washer and dryer powered by artificial intelligence, in global markets in the next few months. "Shipments to t...ry on the washer-dryer. Samsung's new product launch comes a day a...
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March 11, 2024
Samsung Electronics to launch washer-dryer combo globally in Q2
Samsung Electronics said Monday it will launch its latest Bespoke AI Combo washer-dryer globally within the second quarter of this year. The Bespoke AI Combo, which combines a 25 kilogram washing capacity with a 15 kg heat-pump drying capability, debuted in South Korea late las...
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March 11, 2024
Samsung’s H1 hiring season starts Monday
Samsung Group, South Korea’s top conglomerate, said Sunday that its official recruitment in the first half of this year will start Monday, with 19 affiliates joining the large-scale hiring of entry-level workers. The key affiliates include Samsung Electronics, S...
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March 09, 2024
SK hynix foreign ownership peaks…Will share prices soar?
Foreigners have been selling Samsung Electronics in large numbers, adding to the downward pressure. Samsung Electronics was the most bought stock by foreigners in January, but fell to seventh place in February as a net buyer. This month, it has been among th...
November 01, 2024
