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Foreigners Dump Samsung Electronics amid Virus-fueled Recession Fears

Foreigners Dump Samsung Electronics amid Virus-fueled Recession Fears

SEOUL, March 24 (Korea Bizwire) — Foreign ownership of Samsung Electronics Co. has fallen to a 13-month low amid offshore investors’ selling binge sparked by fears over a coronavirus-induced global economic recession, data showed Tuesday. Foreign investors owned 55.37 percent of Samsung Electronics, the world’s No. 1 smartphone and memory chipmaker, as of Friday, according [...]

Investors Undergo Strict Virus Screening at Samsung’s Shareholder Meeting

Investors Undergo Strict Virus Screening at Samsung’s Shareholder Meeting

SUWON, March 18 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip and smartphone maker, on Wednesday held its annual shareholders’ meeting here with strict health checks amid the spread of the novel coronavirus in the country. Samsung said only about 400 individual shareholders attended the meeting at a convention center in Suwon, [...]

Samsung Plans to Release 5G Smartphones in Over 40 Countries This Year

Samsung Plans to Release 5G Smartphones in Over 40 Countries This Year

SEOUL, March 11 (Korea Bizwire) — Samsung Electronics Co. plans to release its 5G smartphones in more than 40 countries this year, a company official said Wednesday, as the South Korean tech giant seeks to further expand its global presence amid the rise of the next-generation mobile service. Samsung’s 5G smartphones were sold in 22 [...]

Samsung Develops Advanced Battery Tech for EVs

Samsung Develops Advanced Battery Tech for EVs

SEOUL, March 10 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its researchers have developed an advanced battery technology that can boost performance of electric vehicles (EVs). Samsung’s study on new all-solid-state battery technology was presented to Nature Energy, one of the world’s leading scientific journals, the South Korean tech giant said. Compared with lithium-ion [...]

Samsung, LG Begin Duel in Local Dryer Market

Samsung, LG Begin Duel in Local Dryer Market

SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have begun their duel in the local dryer market, industry observers said Saturday, as they released new products with upgraded artificial intelligence (AI) and sanitizing features. Industry officials expect that South Korea’s clothes dryer market could grow up to 2 million units [...]

Samsung Temporarily Moves Smartphone Production to Vietnam over Virus Case

Samsung Temporarily Moves Smartphone Production to Vietnam over Virus Case

SEOUL, March 6 (Korea Bizwire) — Samsung Electronics Co. said Friday it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there. Samsung shut down the factory in the southeastern city of Gumi after a worker tested positive for the new coronavirus. Samsung [...]

Samsung Launches Galaxy S20 Smartphones in 20 Countries

Samsung Launches Galaxy S20 Smartphones in 20 Countries

SEOUL, March 6 (Korea Bizwire) — Samsung Electronics Co. said Friday its new flagship smartphone line has been officially launched globally as the South Korean tech giant hopes its latest handsets can drive the company’s mobile business amid the novel coronavirus outbreak. Sales of the Galaxy S20 series have started in 20 countries, including South [...]

Samsung to Supply 5G Network Equipment to New Zealand’s No. 1 Mobile Carrier

Samsung to Supply 5G Network Equipment to New Zealand’s No. 1 Mobile Carrier

SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. on Thursday said it will supply 5G network equipment to New Zealand’s largest mobile carrier. Under the deal with Spark New Zealand Ltd., Samsung will supply 5G network equipment and will help the mobile carrier develop its 5G infrastructure this year. The value of the deal, [...]

Samsung’s New EUV-equipped Chip Line Begins Mass Production

Samsung’s New EUV-equipped Chip Line Begins Mass Production

SEOUL, Feb. 20 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, said Thursday its new semiconductor fabrication line in South Korea using extreme ultraviolet (EUV) lithography technology has begun mass production. The South Korean tech giant said the EUV-equipped facility, named V1, in Hwaseong, south of Seoul, can produce chips using a [...]