SEOUL, Dec. 24 (Korea Bizwire) — Samsung Electronics has stepped up its push into new growth sectors with its second billion-euro acquisition of the year, signaling a renewed appetite for large-scale dealmaking as it expands beyond its traditional strongholds. The company said Tuesday that it had acquired the advanced driver-assistance systems business of Germany’s ZF Friedrichshafen [...]
SEOUL, Dec. 22 (Korea Bizwire) — Samsung Electronics said it will award performance bonuses of up to 100 percent of base monthly pay to employees in its semiconductor division for the second half of the year, reflecting a sharp recovery in its memory chip business driven by artificial intelligence demand. The company announced on Monday that [...]
SEOUL, Dec. 16 (Korea Bizwire) — Samsung Electronics said on Tuesday that it has struck a deal with Enel, Italy’s largest power utility, to provide free electricity to customers who buy the company’s washing machines — the latest in a series of energy-saving partnerships the tech conglomerate is rolling out across major global markets. Beginning Tuesday [...]
SEOUL, Dec. 10 (Korea Bizwire) — Samsung Electronics will establish a major high-tech logistics center inside the H-Technovalley industrial complex in Hwaseong, Gyeonggi Province, the city government said Tuesday, marking the company’s third domestic logistics base after facilities in Pyeongtaek and Gochang. Hwaseong City signed an agreement with Samsung Electronics and H-Technovalley developer H Technovalley Co. [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics has dismantled the dedicated high-bandwidth memory (HBM) development team it created just last year and folded its engineers into the broader DRAM development division, industry sources said Thursday — a move interpreted as a sign of growing confidence in the company’s next-generation HBM technology. According to industry officials, [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea has taken another step toward remaking itself as a global center of artificial intelligence. On Thursday, the government convened the first meeting of a new working group made up of officials and senior executives from Samsung Electronics, Hyundai Motor Group, SK Telecom and Naver Cloud. The mission: figure [...]
SEOUL, Nov. 19 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has supplied 6,000 units of TVs and signage displays to the Star of the Seas, the world’s largest cruise ship, operated by Royal Caribbean Group. The South Korean tech giant supplied Crystal UHD Hospitality TVs for guest cabins on the 365-meter-long cruise, offering [...]
SEOUL, Nov. 10 (Korea Bizwire) – Samsung Electronics Co. said Monday it has received the top grade under the trade ministry’s export compliance program, recognizing the company’s transparent management of strategic items. The South Korean tech giant earned the highest “AAA” grade from the Ministry of Trade, Industry and Resources for its management of products [...]
LOS ANGELES & SEOUL, Oct. 23 (Korea Bizwire) — Tesla CEO Elon Musk said the company will partner with both Samsung Electronics and Taiwan’s TSMC to produce its next-generation artificial intelligence chip, signaling a deepening collaboration between the U.S. automaker and the South Korean tech giant. Speaking during Tesla’s third-quarter earnings call on Wednesday, Musk confirmed [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Electronics on Wednesday marked White Cane Safety Day by unveiling an artificial intelligence–based user manual designed to help visually impaired and low-vision users operate home appliances more easily. The new guide, titled “Manual for All,” was developed in collaboration with TUAT, a startup specializing in visual-assistance technology that was [...]