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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...
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April 09, 2024
Samsung hopes to shed Galaxy brand's ‘ajeossi phone’ reputation
Samsung Electronics is striving to shed the reputation of its flagship Galaxy smartphones as "ajeossi" phones among teens and users in their 20s, with short films starring popular TV celebrities. An "ajeossi" is an older married man or an uncle in Korean, but in this context, i...
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April 09, 2024
Samsung to receive over $6b subsidy from US: report
Samsung Electronics is set to receive between $6 billion and $7 billion in grants from the US government next week as the Korean chipmaker looks to bolster its US production, Reuters reported Monday. According to the report citing anonymous sources, the subsidy from the Biden a...
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April 09, 2024
Hotel Shilla CEO to sell W440b of Samsung shares
...and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources reveale...January. Concurrently, Lee Boo-jin is also unloading stakes in other group...
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April 09, 2024
US unveils some $11.6b in grants, loans to TSMC
... about 20 percent of the world's advanced chips by 2030. The announcement came as South Korea's Samsung Electronics is expected to win grants for its investment in Texas under the act that sets aside...bs for Arizonans." Attention has pivoted to how much funding South Korea'...
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April 08, 2024
Foreigners' stock investment hits record high in Q1
.... Meanwhile, foreigners had mostly purchased shares in semiconductor and auto industries in the first quarter. According to the Korea Exchange, they scooped up 5.5 trillion won worth of shares of Samsung Electronics, the world's largest supplier of memory chips, followed by 2...
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April 08, 2024
Samsung, SK boost investment to secure hefty chip subsidies in US
South Korean chipmakers Samsung Electronics and SK hynix have been boosting investment in the US to secure federal subsidies and get ahead in the intensifying competition in the advanced chip packagi...announce the subsidy grant. Industry sources also predict that, if US Preside...
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April 08, 2024
Samsung Electronics' labor unions vote for strike after wage talks break down
Unionized workers of Samsung Electronics have voted in favor of a strike after failing to reach a deal on wage hikes with management, industry sources said Monday. Out of the 27,458 members across f...ng Electronics announced last month that it has agreed with its wor...
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April 08, 2024
Taiwan quake may push up memory chip prices in Q2: analysts
...the suspension of DRAM pricing, with a reassessment of post-disaster losses to restart negotiations for second-quarter contract prices. Opting to wait and see the market direction, market leaders Samsung Electronics and SK hynix have also halted their pricing, although neithe...
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April 05, 2024
Samsung Electronics anticipates tenfold profit surge in Q1 amid chip market rebound
Samsung Electronics predicted a more than tenfold increase in its operating profit for the the January-March period, signaling a dramatic resurgence in its semiconductor business on rebounding demand for memory chips. Samsung’s first-quarter operating profit is estim...
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April 05, 2024
Samsung Electronics expects tenfold jump in Q1 profit as chip demand rebounds
South Korean tech giant Samsung Electronics said Friday its operating profit for the first quarter is estimated to have shot up more than tenfold on rebounding demand for memory chips, beating market expectations. The world's biggest maker of memory chips expected a first-quart...
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April 04, 2024
SK hynix to build $3.87b chip packaging plant in Indiana
...rnment there. SK hynix has also reportedly applied for semiconductor production subsidies from the US government, according to industry sources and media reports. Bloomberg recently reported that Samsung Electronics, which invested $17 billion to build a new plant in Taylor, ...
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April 03, 2024
Samsung Electronics to release new products globally at same time
Samsung Electronics on Wednesday unveiled its latest lineup of home appliance innovations with the global launch of its artificial intelligence (AI)-powered products in a bid to offer synchronizing consumer experiences worldwide. At a press conference in Seoul, the tech giant u...
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April 02, 2024
Korea urged to step up incentives for chipmakers
...ive years, while the member nations of the European Union are gearing up to invest 43 billion euros through 2030. On the other hand, South Korea, home to the world's two largest memory chipmakers Samsung Electronics and SK hynix, has been pointed out as lacking such direct su...
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April 02, 2024
Biz community bids final farewell to late Chairman Cho Suck-rai
...an, China and other major economies, Cho played a prominent role in regional business associations, such as the Pacific Basin Economic Council and the Korea-U.S. Business Council. During his five-day mourning period, a number of South Korean political and business leaders, including Prime Minist...
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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 con...
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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...
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March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
From the red and 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 content, not just hardware itself, to elevate profits. R...
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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 equipm...
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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 ...