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May 24, 2023
ASM determined to expand investment in Korea: CEO
...an equipment companies, the ASM chief underscored that local firms will have to make "very significant effort" to catch up with the R&D capabilities it has built over the past two decades. Having Samsung Electronics and SK hynix in its list of industry-leading clients, ASM will also co...
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May 23, 2023
[KH explains] Will Kakao Pay become Korea’s answer to Robinhood?
...et share as well. The reactions of some analysts, however, were mixed over the costly deal between Kakao Pay and Siebert. “We are conservative about the synergy,” said Kim Jae-woo, an analyst at Samsung Securities. “Considering the small business size of Siebert, its acquisition is...
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May 23, 2023
Samsung mulls moving launch date forward for upcoming foldable phones
Samsung Electronics is considering holding the upcoming unpacking event for its new foldable phones at home in Korea while advancing its launch schedule to earlier than usual, industry sources said M...onals due to the country's border disputes with China might also serve as a favorable f...
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May 23, 2023
Pressure mounts on Korean chipmakers as China restricts Micron chip sales
... public, the two countries account for similar portions of the the world's No. 1 DRAM chip maker Samsung Electronics' total chip sales. SK hynix also has the two countries as its top two clients, with...ial Times citing several unnamed sources, both the US and Korean government refused ...
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May 23, 2023
Samsung-backed Rainbow Robotics seeks bigger footing in US
Rainbow Robotics, in which Samsung Electronics recently secured a total of 14.99 percent stake, is seeking to secure a footing in the US as it participates in this week’s US Automate, North America’s largest automation trade show. The company plans to showcase its five collaborative ro...
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May 22, 2023
Kioxia-Western Digital merger talks no immediate threat to Samsung, SK
...merger to achieve market prowess, eyes are on how the move will impact the current market leader Samsung Electronics. In a report last week, Reuters said Japan's Kioxia Holdings and the US' Western D...t leaders is raising questions on the impact it will have on South Korea's two memor...
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May 21, 2023
Naver Pay installations surge 186% following partnership with Samsung Pay
Naver Pay app installations soared 186 percent to 470,000 in April, a month after it integrated its payment service with Samsung Pay, according to Naver Financial. "We see that the number of app installations for Samsung Pay's interlinked offline payment service has significant...
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May 19, 2023
Samsung SDS targets global reach with Cello Square
Samsung SDS announced Thursday the company’s plan to upgrade Cello Square, its digital forwarding platform offering one-stop freight shipping solutions, and tap deeper into the global market, through further digitalization. The IT solution provider affiliated with Samsung Grou...
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May 19, 2023
Samsung starts mass production of most advanced DRAM chips
Samsung Electronics, the world’s largest memory chip maker, said Thursday it kicked off the mass production of its 16-gigabit DDR5 DRAM, which utilizes the industry’s most advanced 12 nanometer-class...ond, which translates into speeds that can process two 30 gigabyte UHD movies in abou...
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May 18, 2023
Kishida to meet tech CEOs in renewed chip push
Japanese Prime Minister Fumio Kishida has invited the heads of global chipmakers, including Samsung Electronics, to meet, in an apparent move to boost his nation’s chip industry, according to Japan’s Yomiuri Shimbun newspaper on Wednesday. The media outlet said a total of seven compani...
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May 18, 2023
LG Display could turn profit with Samsung OLED deal: report
LG Display, which has been suffering operating losses in recent months, could turn a profit next year if it starts supplying OLED panels to Samsung Electronics as early as this quarter, an analyst report said Wednesday. “LG Display is expected to supply 77-inch, 83-inch OLED panels to <...
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May 17, 2023
Major firms’ profits nearly halved in chip downturn
...ed up 6.8 percent to record 700.7 trillion won in the first quarter of this year. For the severe drop in the combined operating income, the corporate tracker attributed to the poor performance of Samsung Electronics and SK hynix, the world’s No. 1 and No. 2 memory chip makers, respect...
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May 16, 2023
BOK, Samsung join hands for offline payment using CBDC
The Bank of Korea and Samsung Electronics on Monday have joined hands to develop Central Bank Digital Currency technology that enables transactions to be made without internet access. The two sides signed a memorandum of understanding at Samsung’s headquarters in Suwon, Gyeong...
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May 16, 2023
Samsung eyes chip facility in Japan amid thaw in Seoul-Tokyo relations
Samsung Electronics, the world’s top chipmaker by revenue, is reportedly considering building an additional research and development facility in Japan amid a thaw in Seoul-Tokyo relations. Japanese ... facility estimated to cost some 30 billion yen ($220 million) in Yokohama, where it a...
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May 16, 2023
[Herald Interview] US states compete to lure Korean battery makers
... has already been announced as the host of a $2.5 billion battery plant, a joint venture between Samsung SDI and Stellantis, in the city of Kokomo. With production set to start in 2025, the high-profi... Jaewon Industrial, a South Korean battery materials manufacturing company and a key...
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May 15, 2023
Samsung, Tesla chiefs meet in Silicon Valley
Samsung Electronics Chairman Lee Jae-yong met with Tesla CEO Elon Musk at the Korean tech giant’s chip complex in Silicon Valley on Wednesday to discuss ways to strengthen cooperation in future tech ... keen attention is focused on whether Samsung can secure more chip orders fr...
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May 12, 2023
Speculation over Samsung Pay turning to paid service intensifies
Samsung Electronics' recent decision not to renew its existing contract with local card companies for its mobile payment service Samsung Pay has sparked speculations that the company might start charging fees for the service. Under the previously signed contract with a local ca...
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May 12, 2023
OLED rivalry of Samsung, BOE expands into patent war
...anel manufacturer BOE Technology and two of its subsidiaries recently filed six lawsuits against Samsung Display and its five Chinese entities concerning patent infringement at Chongqing No. 1 Interme...ghly sophisticated OLED patents. The patents include Diamond Pixel, one of the key ...
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May 12, 2023
Samsung SDS joins hands with o9 Solutions, Emro for SaaS solution
Samsung SDS announced Thursday that it has formed strategic partnerships with o9 Solutions, a US-based planning platform provider, and Emro, a Korean Supplier Relationship Management vendor, in a bid...he firm’s competitiveness in the wake of the COVID-19 pandemic and increased geopoliti...
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May 12, 2023
Google takes aim at Samsung with first foldable phone
...ts annual I/O developer conference in California Wednesday, aiming to challenge the dominance of Samsung Electronics in the global market. While Chinese smartphone makers such as Huawei, Oppo, Vivo a...eXperience division, said: “If more people experience foldable smartphones and the ...
October 04, 2023
