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April 29, 2024
Samsung chief bolsters ties with Germany’s Zeiss
Samsung Electronics Chairman Lee Jae-yong met with top executives of German optics manufacturer Zeiss, a crucial partner for the Korean tech giant's push to lead the burgeoning market for artificial intelligence chips, during his recent trip to Europe. According to Samsung on S...
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April 26, 2024
Samsung mobile chief, Google device head meet in Seoul
Samsung Electronics President and mobile business chief Roh Tae-moon and Google Senior Vice President Rick Osterloh, who oversees the company’s platforms and devices team, met in Seoul on Thursday an...cture taken with the Korean tech giant’s mobile chief. “Had a terrific conversation...
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April 24, 2024
Korean investment in US almost doubles from pre-pandemic: report
...published by the Korea Chamber of Commerce and Industry, the total Korean investment in the US stood at $27.7 billion last year, up 75 percent from $15.8 billion in 2019. Large conglomerates like Samsung Electronics, SK hynix and Hyundai Motor have built or plan to establish facilities...
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April 24, 2024
Korean robot startup aims to transform human walking
... WIM units and achieve sales of 3 billion won, and then increase the sales volume to 10,000 units next year. WIRobotics was established in June 2021 with four employees -- all former engineers at Samsung Electronics. The startup now has 23 employees and has received 17.6 billion won in...
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April 23, 2024
[Exclusive] Korean military set to ban iPhones over 'security' concerns
...evices as well. The sources, however, claimed that Android-based smartphones, mostly those from Samsung Electronics, will be exempted from the ban, while the document explicitly states that "Bringing...users? The reason iPhones specifically would be banned, whereas Android-based smart...
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April 22, 2024
Samsung, SK hynix investors dump shares on Nvidia crash
Investors of the two Korean chip makers – Samsung Electronics and SK hynix -- dumped their shares Monday after Nvidia, the US chip giant, lost almost 10 percent Friday -- its worst day since March 2020. Market heavyweight Samsung Electronics and its chip rival SK hynix opened ...
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April 22, 2024
[KH Explains] Will 6-day workweek for executives help Samsung avert crisis?
Doubts have been raised over Samsung Group’s latest decision to make the executives of its key tech affiliates -- Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Display -- work an extra day per week as part of the group's emergency measu...
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April 19, 2024
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
... later in the day, closing at 841.91, down 1.61 percent from the previous day's close. Most of the big-cap stocks, particularly in the semiconductor sector, registered declines. Market bellwether Samsung Electronics saw a 2.51 percent decrease, while No. 2 chipmaker SK hynix plummeted ...
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April 19, 2024
SK hynix joins with TSMC to produce High Bandwidth Memory 4
...components for speeding up the AI process, supporting AI processors such as GPUs. SK hynix is currently dominating the burgeoning HBM market, taking some 50 percent of the market share. Runner-up Samsung Electronics chases SK with a close margin while US-based Micron Technology takes a...
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April 18, 2024
Samsung C&T president makes her first business trip to Milan
Samsung C&T President Lee Seo-hyun, the younger sister of Samsung Electronics Chairman Lee Jae-yong, visited Italy on her first business trip after her recent comeback to a management role in the company, according to industry sources, Thursday. Lee reportedly visited Milan to ...
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April 18, 2024
SK hynix chief underscores chip cooperation between Korea, US
... Lafayette, Indiana, where Purdue is located. The world's second-largest memory chip maker after Samsung Electronics said it will make a $3.87 billion investment to build an advanced chip packaging pl...tending the event from the US government and global chip firms, including AMD, Nvidi...
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April 17, 2024
Samsung CEO bets big on connectivity to take on Apple
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said its home appliance division, backed by enhanced connectivity with mobile devices, will enjoy its heyday in the second half of this year,...ign and furniture exhibitions, being held in the northern Italy city. Han, who has bee...
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April 17, 2024
Samsung Electronics develops industry-first LPDDR5X DRAM
Samsung Electronics, the world's largest memory chipmaker, said Wednesday it has developed the industry's first low-power double data rate 5X (LPDDR5X) DRAM chips, a memory solution tailored for AI a...percent and capacity by more than 30 percent compared with the previous generation, acc...
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April 17, 2024
World IT Show 2024 kicks off in Seoul
...ies, including South Korea, attending, according to the Ministry of Science and ICT. Tech giant Samsung Electronics plans to present its AI platform, Galaxy AI, allowing visitors to experience AI fun...martphone series, including real-time translation. The company said it will also sh...
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April 16, 2024
SK hynix sees 30% surge in market cap in Q1
...ercent from January to the end of March, growing from 103.6 trillion won to 133.2 trillion won. Samsung Electronics, the world's top memory chip maker and the country's largest conglomerate by market...by 3.8 trillion won and 3.7 trillion won, respectively. Combining the market cap of...
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April 16, 2024
Samsung Electronics set to expand chips supply chain after $6.4b US grants
Samsung Electronics is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government ...20 percent of the world's leading-edge chips by the end of the decade. The funding wil...
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April 16, 2024
US confirms $6.4 billion chip subsidy for Samsung
The US government announced Monday that it will award up to $6.4 billion to Samsung Electronics for its chip fabrication facilities in Taylor, Texas. "The return of leading-edge chip manufacturing t...e Gina Raimondo also revealed that the subsidy plan, coming under the US Chips Act, wil...
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April 15, 2024
Samsung, LG showcase built-in lineup at Milan Design Week
LG Electronics is targeting the European built-in appliance market with premium design and AI features at its 483-square-meter booth, decorated under the concept of a food lifestyle magazine. According to the company, the booth consists of three different areas. The main kitchen zone displays the ...
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April 12, 2024
Korea faces another compensation claim over 2015 Samsung merger
...orean government faced another compensation claim for its alleged role in the 2015 merger of two Samsung companies. The Hague-based Permanent Court of Arbitration ruled Thursday that the Korean gover...state-run National Pension Service, Samsung C&T’s largest shareholder, ap...
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April 11, 2024
Samsung retains No. 1 spot in US home appliance market
Samsung Electronics retained its No. 1 spot in the US home appliance market for an eighth consecutive year, dating to 2016, thanks to strong sales of key household products including refrigerators and washers, industry data showed Wednesday. According to market tracker TraQline, Sam...