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Samsung Suffers More than 300 bln-won Loss Due to Monthlong Texas Chip Shutdown

Samsung Suffers More than 300 bln-won Loss Due to Monthlong Texas Chip Shutdown

SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday that a monthlong shutdown at its U.S. semiconductor plant cost it more than 300 billion won (US$270 million) in losses, although the facility is now fully normalized. “There was a wafer production disruption due to the stopping and recovering of the fab,” Han Seung-hoon, [...]

Samsung Tipped to Ramp Up U.S. Investment as Biden Vows More Spending: Analysts

Samsung Tipped to Ramp Up U.S. Investment as Biden Vows More Spending: Analysts

SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip producer, is likely to accelerate its investment in the United States as U.S. President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, analysts here said Tuesday. Samsung was [...]

Samsung Maintains 2nd Spot in Chip Revenue Behind Intel in 2020

Samsung Maintains 2nd Spot in Chip Revenue Behind Intel in 2020

SEOUL, April 13 (Korea Bizwire) — Samsung Electronics Co. maintained the status as the world’s second-largest semiconductor vendor by revenue last year, industry data showed Tuesday, amid rising demand of memory products on the back of the pandemic-induced stay-at-home economy. Samsung’s chip business logged US$57.7 billion in revenue last year, up 10.2 percent from a [...]