-
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 construction ...
-
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...
-
March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
... 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 conte...ng subscription fees have turned to avenues that offer TV content for the cost of w...
-
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 equipment as Was...
-
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 win grants...
-
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... be increased through next-generation technological innovations, such as the full-scale...
-
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 ful...d efficiently, according to Samsung. LG's Tromm model weighs 95 kilograms, s...
-
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...-Layer Ceramic Capacitors, play a crucial role in regulating the consistent flow of cur...
-
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...
-
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...
-
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,...en brought the dispute to the labor commission for arbitration. The labor-management c...
-
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 Electro... initiatives. Further details are emerging regarding the support for other ...
-
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 and syste...
-
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, while the...
-
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...Samsung appliance is about 3 million won ($2,282) cheaper than the LG product...
-
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 ca...ed States, and the official launch is scheduled for this month," Vice President Moo-hyu...
-
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, Samsung
-
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 the top sellers. Mark...
-
March 07, 2024
Seoul court bans former SK hynix chip researcher from working for US rival
...nd for advanced HBM chips is growing quickly, and SK hynix is leading the burgeoning market with Samsung Electronics, together taking about 90 percent of the market share. HBM is a memory chip with l...it had started on mass production of fifth- generation HBM3E memory ahead of rivals ...
-
March 07, 2024
Seoul court upholds injunction to keep SK hynix official from moving to Micron
...chips have been gaining popularity due to their pivotal role in powering generative AI systems, like OpenAI's ChatGPT. SK hynix leads the market with the fourth-generation HBM3 chips, followed by Samsung Electronics and Micron. A recent report showed that SK hynix claimed a market sha...