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June 10, 2024
400,000 minors own Samsung Electronics shares worth W1.54tr
The number of underage stakeholders in Samsung Electronics, the country's largest company by market capitalization, has surged nearly 21 times in four years, reaching almost 400,000. According to th...llion won market capitalization as of the end of 2023. On average, each mino...
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June 10, 2024
IEEE honors Korea’s contribution to CDMA commercialization
...rean tech firms and a local research center were recognized by the Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional organization dedicated to advanc...ng the world's first code division multiple access network used in mobile phones in ...
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June 09, 2024
Samsung Electronics executives buy W1.15b worth treasury stocks
Samsung Electronics executives have been actively purchasing treasury shares to prop up the price, which has struggled to break out of the 70,000 won ($50.70) range. Six executives at the tech giant have collectively acquired 15,490 shares of the company’s stock this month, wh...
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June 07, 2024
Samsung to introduce real-time AI translation to third-party apps
Samsung Electronics will introduce its real-time translation feature backed with artificial intelligence to third-party messaging apps like KakaoTalk to support voice calls, as part of its efforts to expand the influence of its on-device Galaxy AI, the company's research and dev...
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June 07, 2024
SK, TSMC chiefs agree to boost collaboration on AI chips
...MC's Chip on Wafer on Substrate technology, the company said. SK hynix is currently forecast to dominate the burgeoning HBM market this year, taking some 52 percent of the market share. Runner-up Samsung Electronics follows SK with 42.4 percent of the market, while US-based M...
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June 07, 2024
Future of robots depends on AI: Rainbow Robotics founder
...eil a trial product of a new electric bipedal walking robot as early as the end of this year. Rainbow Robotics, founded by a research team at KAIST Humanoid Robot Research Center in 2011, is one of a handful of robot companies making bipedal human-like robots. Samsung Electronics<...
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June 07, 2024
Samsung, Verizon chiefs join hands to promote Galaxy series
Samsung Electronics Chairman Lee Jae-yong took off for the US on a trip tightly packed with business meetings with tech leaders and government officials there, with the goal of strengthening existing partnerships for the company's future development, the tech giant said on Thurs...
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June 05, 2024
42dot gets $185m from Hyundai-Kia to boost hiring
...eceiving new features and improvements through software updates without needing to change their physical parts. At this year's CES technology show in Las Vegas, 42dot announced a partnership with Samsung Electronics to utilize the chipmaker's Exynos Auto, a processor designed...
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June 05, 2024
Undervalued no more: Jusung Engineering to spin off chip business
...ing was the first in the country to develop semiconductor front-end equipment in 1995. Among the company's leading technologies is Atomic Layer Deposition technology, which the company supplies to Samsung Electronics and SK hynix, the world's top two memory chip makers. Last ...
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June 03, 2024
Samsung out to reclaim foldable crown
Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals are trying to catch up with the Korean tech giant’s market dominance in the sec...
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June 03, 2024
Korea bets big on gas, oil prospects in East Sea
...commercial production of the gas field between 2004 and 2010, posting a revenue of 2.6 trillion during the period. For the maximum value of the deposit, Ahn said it could be worth over five times Samsung Electronics’ market capitalization, which equaled 454 trillion won as o...
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May 30, 2024
Gyeonggi governor urges sweeping changes to survive uncertainties
...” Kim said. According to him, Gyeonggi Province alone was ranked as the 35th largest economy in the world last year, whereas South Korea was ranked 17th. Home to massive semiconductor clusters of Samsung Electronics and SK hynix, the world’s top two memory chip makers, the ...
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May 30, 2024
Samsung's new semiconductor chief urges collective efforts to stay atop
Jun Young-hyun, the new head of Samsung Electronics’ semiconductor business, called Thursday for unity among management and employees to retain its leadership in the ever-evolving chip industry. “Samsung’s semiconductor business has 50 years of history and has main...
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May 29, 2024
Samsung Electronics union declares first-ever strike
Unionized workers of Samsung Electronics said Wednesday that they will go on strike on June 7 after failed wage talks with the management -- the first-ever strike in the tech giant’s five decades of ...e, as the breakdown in negotiations between Samsung Electroni...
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May 29, 2024
UAE president, Hyundai Motor chief discuss green mobility partnerships in Seoul
...e mobility during Al Nahyan's visit to Korea this week. The UAE President's visit, his first to South Korea, also included meetings with leaders of other major South Korean conglomerates, such as Samsung Electronics' Lee Jae-yong and SK Group's Chey Tae-won. These discussions...
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May 24, 2024
Samsung denies report on HBM chips failing Nvidia tests
Samsung Electronics, the world's No. 1 memory chipmaker, on Friday denied a report that its high bandwidth memory chips had yet to pass Nvidia's tests for use in the US chip giant's AI processors. Samsung said testing for HBM supply is progressing "smoothly" with vari...
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May 23, 2024
South Korea unveils W26tr support program for chip industry
...direct subsidies. Chip subsidy programs are widespread among countries with powerful chip industries such as the US, EU and Japan. But in Korea, home to the world’s two largest memory chipmakers, Samsung Electronics and SK hynix, current government support leans more towards...
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May 22, 2024
Global leaders vow to promote safe, inclusive AI at Seoul summit
...ves from international organizations such as the United Nations and the Organization for Economic Co-operation and Development. Eleven entities from the private sector, including Google DeepMind, Samsung Electronics, Korean top portal operator Naver, OpenAI, Amazon Web Servic...
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May 21, 2024
Samsung replaces semiconductor chief amid heightened AI race
Samsung Electronics said Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market position amid fiercer competition in burgeo...ence, Kyung admitted that SK hynix beat Samsung in the HBM sector a...
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May 19, 2024
Samsung eyes W1tr in sales of pricey capacitors for cars
Samsung-Electro Mechanics, a leading electronic parts maker affiliated with Samsung Electronics, has set a sales goal of 1 trillion won ($736 million) for its flagship Multi-Layer Ceramic Capacitor or MLCC products this year, strategically targeting the automotive sect...