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January 11, 2024
[CES 2024] 42dot, Samsung to launch Exynos-based auto platform
42dot, the software mobility unit under Hyundai Motor Group, clinched a deal with Samsung Electronics to develop an artificial intelligence-based software-defined vehicle platform on the sidelines of...undai Motor Group, and Park Yong-in, president of the system large-scale inte...
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January 11, 2024
[CES 2024] AI success hinges on steady, strategic investments: Chey
...created to measure up to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world...
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January 11, 2024
[CES 2024] Samsung CEO hints at plans for ‘megadeals’
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant may set out a plan for megasized mergers and acquisitions this year as a way to solidify its leadership in the global market. “To strengthen our existing businesses and disc...
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January 11, 2024
[CES 2024] G-Dragon surprise visits CES
...K-pop artist G-Dragon was spotted visiting the CES 2024, the world’s largest tech show which kicked off in Las Vegas on Tuesday. G-Dragon popped into the showrooms of Korean tech firms, including Samsung Electronics, LG Electronics, and SK Group, where he explored ...
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January 10, 2024
Samsung warns of worse than expected earnings in Q4
Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance releas...
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January 10, 2024
[CES 2024] Hyundai vows innovation in software, hydrogen for 'future generations'
...d a partnership with Tenstorrent, a specialist in neural processing units, to co-develop advanced CPUs and AI co-processors. This collaboration is bolstered by a $100 million joint investment with Samsung Electronics and gains added expertise from Tenstorrent's CTO Jim Keller,...
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January 08, 2024
Samsung to boost patent leadership with ‘Ironflex’ trademark for foldable displays
According to Wert Intelligence, an intellectual property market tracker, Samsung Display has secured 1,840 patents on foldable displays alone in the US, about four times more than the 481 patents sec...able OLED panel market for years, buoyed by upbeat sales of foldable smartphones by its...
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January 07, 2024
Samsung, Hyundai Motor to boost home-car connectivity
South Korea's top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, are joining hands for heightened connectivity by integrating their smart home and connective car solutions, the companies said Thursday. In a signing ceremony on Wednesday, the two sides ag...
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January 04, 2024
Samsung's AI-powered Galaxy S24 to debut this month
Samsung Electronics will unveil the Galaxy S24 series featuring the company’s latest artificial intelligence model in Silicon Valley -- the home turf of its archrival, Apple -- this month. Releasing the official invitation on Wednesday, the world’s largest smartphone maker sa...
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January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
...lies. “The rhetoric gives them the reason to fill the top brass with younger leaders, considering their chaebol chiefs may feel uncomfortable working with CEOs who are older than them,” he said. Samsung Electronics Chairman Lee Jae-yong, 55, SK Group Chairman Chey Tae-won,...
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January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax
Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 percent global minimum tax rate. Under the new corporate tax rule that came into effect Monday, multinational enterprises with a consolidated revenue of over ...
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January 02, 2024
Foreigners’ net buying of Samsung hits new high in 2023
Foreign investors snapped up investments in Samsung Electronics last year, net buying more than 16 trillion won ($12.31 billion) worth of shares, buoyed by the expectations of a recovery of the global chip industry. In 2023, foreign investors scooped up a net 16.73 trillion won...
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December 28, 2023
Chaebol leaders heading to CES 2024
...s vision builds on HD Hyundai's Ocean Transformation concept from CES 2023, signaling a strategic pivot from maritime to land, leveraging advanced automation, and digital twin technologies. While Samsung Electronics Executive Chairman Lee Jae-yong and LG Group Chairman Koo Kw...
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December 27, 2023
US supply chain review to boost Korean chip sales: analysts
...posed by the People’s Republic of China,” the department said, referring to China by its official name. Market observers here say the US measure is likely to benefit Korean chipmakers, especially Samsung Electronics and SK hynix, in reducing their large inventory of legacy ...
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December 22, 2023
Huawei to spur Korea’s digital shift next year: CEO
... amid lingering concerns over security risks surrounding the firm, with the US reportedly urging Korea to reject Chinese technologies. Regarding whether the Chinese firm plans to collaborate with Samsung Electronics' foundry, he gave a neutral response, stating, "We're always...
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December 21, 2023
Big firms skip year-end brouhaha, offer days off instead
South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmus...
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December 20, 2023
French business tycoons visit Korea to meet with KCCI
...tended by 30 top conglomerates and government officials from the two nations, the business roundtable discussed strategic partnerships in the energy and technology sectors. The top executives from Samsung Electronics, SK Group, LG Electronics, Kia as well as Accor Gr...
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December 19, 2023
Overseas construction orders to exceed $30b for fourth year
...n companies flocked to establish electric vehicle and battery factories there, in response to the US Inflation Reduction Act signed into law in August last year. Some of the notable deals include Samsung C&T's $4.7 billion order for Samsung Electronics' semiconducto...
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December 17, 2023
Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its arti...mails, summarize documents and translate content. Two other functions are
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December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focused on semiconductors. "About 90 percent of the achievements made in the trip t...
November 01, 2024
