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Samsung Electronics Vice Chairman Lee Jae-yong has called on senior executives to spur efforts to develop innovative technologies to tackle rising business challenges and foster new growth drivers, the company said June 16. Lee, the de facto leader of the South Korean tech giant, held a meeting...
Samsung Electronics said on June 13 it will release the consumer version of its massive modular MicroLED display which can measure up to 292 inches in global markets next month. The company introduced The Wall Luxury during InfoComm 2019, an audiovisual industry show held in Florida. The screen...
Tech giant Samsung Electronics , which aims to take the reins of the global non-memory chip industry, is speeding up efforts to increase its presence in the global foundry segment by expanding partnerships for contract chip manufacturing. The South Korean chipmaker is reportedly in negotiations ...
The South Korean prosecution summoned Jung Hyun-ho, a president of tech giant Samsung Electronics , in the early hours of June 11. Jung is suspected of having ordered his subordinates to destroy evidence related to accounting fraud allegedly committed by biotech firm Samsung BioLogics. The execu...
When the US and Mexico reached an agreement on tariffs last week, the sigh of relief in the Korean electronics industry was palpable. But industry officials said Korean electronics giants would remain on their guard amid ongoing trade conflicts, including the one between China and the US. “The pl...
Tech giant Samsung Electronics holds the third-largest number of patents related to artificial intelligence, coming behind US tech firms Microsoft and IBM, a report showed on June 7. A recent report by Germany-based market research firm IPlytics shows that Microsoft has the most of AI-related pa...
Samsung Electronics sold around 8,000 units of the high-end QLED 8K TV in South Korea over the seven-month period since its release, industry data showed on June 6. The figure roughly translates into the model taking up 1 percent of the Korean TV market over the period, industry watchers said. ...
The Seoul Central District Court on June 5 approved pretrial detention of a Samsung Electronics executive vice president, who is suspected of having destroyed and hidden evidence linked to an alleged accounting fraud of biotech firm Samsung BioLogics. The suspect, surnamed Lee, is a member of th...
Tech giant Samsung Electronics said June 4 that it has inked a partnership with graphics processing unit firm AMD for mobile graphics chips -- the latest move to enhance its capability in the non-memory chip sector. Samsung said it would combine its chip manufacturing technology with AMD’s inte...
Samsung Electronics has opened a new research center for the development of core technologies for 6G mobile networks, joining the global race for the still nascent technology, a company official said on June 4. Samsung Research, the firm’s integrated R&D organization, has conducted extensive r...
The US-China trade war is driving a wedge between private businesses on both sides, according to industry watchers. Huawei Technologies, in particular, has recently been hit hard as Google -- which has a lion’s share of the global mobile operating sector -- has decided to sever ties with it, a de...
Samsung Electronics said on May 14 that its mobile payment service has hit 40 trillion won ($33.7 billion) in accumulated transaction volume in South Korea. Samsung Pay, launched in August 2015, had 2 trillion won worth of transactions in its first year, and surpassed the 40-trillion mark as of...
Samsung Electronics’ cash reserves still remained high despite a slump in its business in the first quarter of the year, its financial report showed on May 13, leaving room for more investment and shareholder-friendly policies. The company’s liquidity ratio stood at 263 percent as of March, u...
Samsung Electronics on May 9 introduced the world’s highest-resolution image sensor, with 64 megapixels for smartphones, to meet the growing demand for mobile devices with better image quality. The tech giant unveiled two new 0.8-micrometer pixel image sensors -- 64 mp Isocell Bright GW1 and 4...
Samsung SDS said May 8 it will expand partnerships with major manufacturers to apply its latest IT platform to improve efficiency and safety in their factories. The IT service unit under Samsung Electronics said it will utilize new technologies, such as artificial intelligence, big data, cloud ...
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