-
July 08, 2024
Samsung workers' union kicks off first-ever strike
Unionized workers of Samsung Electronics launched their first-ever strike Monday, demanding higher pay and warning of potential further action if the country's largest conglomerate does not meet their demands. The National Samsung Electronics Union, the nati...
-
July 05, 2024
Samsung projects 15-fold surge in Q2 profit
Samsung Electronics predicted Friday that its operating profit in the April-June period would rebound to exceed 10 trillion won ($7.3 billion), driven by a recovery in demand for memory chips and rising prices on the back of the expansion of the artificial intelligence market. ...
-
July 05, 2024
Value-up Program optimism brings Kospi to two-year high
...ack, other financial group stocks including Shinhan, Hana, BNK and JB also notched strong gains. Samsung Life Insurance gained over 3 percent to become the stock with the 19th-highest value in terms o...ck, will be cut by 5 percent points, starting from the second half of this year. Ma...
-
July 03, 2024
Samsung to boost display investments in Vietnam
Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese...of about 90,000 people. In 2023, Samsung Vietnam exported $55.7 bil...
-
July 02, 2024
[Business Diplomacy] Time matters more than money in engineering lobbying prowess
...intensifying competition between the US and China, Korean conglomerates have been seen significantly ramping up their spending in lobbying, renewing their Washington offices and increasing staff. Samsung Electronics, with its key items being smartphones and advanced chips, sp...
-
July 02, 2024
Unionized Samsung workers to stage 3-day walkout
Unionized workers of Samsung Electronics have said they will stage a three-day walkout beginning July 8, as their negotiations with management over wages and working conditions have so far failed. The National Samsung Electronics Union, the largest among mul...
-
July 01, 2024
Global memory chip market picks up amid AI boom
... continues to exhibit oversupply, but the three major suppliers are clearly intent on raising prices due to the capacity squeeze from HBM production," TrendForce said in its analysis, referring to Samsung Electronics, SK hynix and Micron Technology for the major suppliers. HB...
-
June 30, 2024
Foreign buying of Korean shares soars to new record in H1
...vestors turned to net buying again in June, racking up 5.23 trillion won. The market bellwether Samsung Electronics was the most bought stock for offshore investors as they racked up shares worth 7.9... Samsung Electronics at 3.46 trillion won and SK hynix...
-
June 27, 2024
Korea-US-Japan trilateral economic consultative group launched
... and confirmed our willingness to cooperate on developing trilateral industrial cooperation and joint responses to global risks." The meeting was attended by eight companies from Korea, including Samsung Electronics, SK, Hyundai Motor Company, Hanwha, Posco, Hyosung and LS; 1...
-
June 26, 2024
Parties rush to roll out competing chip bills with heftier incentives
... also announced proposal bills for the chip industry, largely focused on offering direct subsidies to chipmakers. Rep. Koh Dong-jin of the ruling People Power Party, who was formerly president of Samsung Electronics, introduced his first proposal bill on June 19, which called...
-
June 26, 2024
New Galaxy foldable phones to debut in Paris on July 10
Samsung Electronics plans to unveil its highly anticipated next-generation Galaxy Z series infusing Galaxy AI at the upcoming event titled "Galaxy Unpacked 2024: Galaxy AI is Here” in Paris on July 10. The Korean tech giant released a teaser trailer through its YouTube channel...
-
June 25, 2024
Samsung steps up CXL development with Red Hot-certified infrastructure
Samsung Electronics, the world’s largest maker of memory chips, announced Tuesday it built the industry’s first certified Compute Express Link infrastructure, a crucial step not just for its own product verification, but also for creating an open-source ecosystem. Samsun...
-
June 23, 2024
Why Korea's 8th attempt to launch 4th telecom carrier fell through
...end of realizing economies of scale. For instance, Britain's Vodafone is pursuing a merger with Three, while the US carriers T-Mobile and Sprint merged in 2020. “Looking at the situation in which Samsung Electronics and LG Electronics are actively competing in the ...
-
June 20, 2024
Samsung Tizen OS integrates AI features for expanded connectivity
Samsung Electronics has been enhancing the reach of its proprietary Tizen operating system by incorporating artificial intelligence capabilities. According to Samsung Newsroom on Thursday, Tizen has been deployed in approximately 270 million units of Samsung...
-
June 18, 2024
Samsung’s Galaxy S24 to livestream Paris Olympics’ opening ceremony
As the Paris 2024 Olympics is set to hold its opening ceremony outside the confines of a stadium for the very first time, Samsung Electronics will install its flagship Galaxy S24 Ultra smartphones inside the city to broadcast the iconic event, the tech giant said Tuesday. ...
-
June 17, 2024
Samsung, SNU to set up joint AI research lab
Samsung Electronics and Seoul National University are collaborating to establish a joint research center dedicated to advancing artificial intelligence technology and nurturing talent in the field. Samsung Electronics held a signing ceremony Monday at SNU’s...
-
June 16, 2024
Top 4 conglomerates convene strategy meetings to navigate uncertainties
Top conglomerates in Korea are set to hold their strategic meetings this month to navigate the ongoing economic slowdown and geopolitical uncertainties according to industry sources on Sunday. Samsung Electronics, the country's No. 1 conglomerate in terms of assets, will kick o...
-
June 14, 2024
Samsung chief holds meetings with global tech CEOs in US
...o start chip production using advanced technologies from 2027, and introduced its new integrated Samsung AI Solutions, which will help the company reduce its supply time by 20 percent. "At a time whe...performance, low-power semiconductors," Choi Si-young, president and head of Foundry...
-
June 12, 2024
[From the Scene] Kakao’s first data center unveiled
...of a new data center to effectively respond to the AI environment. … It will likely add more safety and eco-friendly features to it,” he added. While its competitor Naver has joined forces with Samsung Electronics to develop next-generation semiconductor solutions for a...
-
June 11, 2024
Does Apple Intelligence have edge over Galaxy AI?
Months after Samsung Electronics launched the world's first artificial intelligence smartphone equipped with its original Galaxy AI, its archrival Apple debuted its own Apple Intelligence, only to show it lacks any kind of overwhelming advantage to differentiate itself. At the ...