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Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co., an official sponsor of the Olympic Games, is at a crossroads as it faces deteriorating Korea-Japan relations and the upcoming Olympic Games Tokyo 2020. Japan’s export restrictions imposed against South Korea and the diplomatic chill since have put pressure on Samsung to withhold from promoting the [...]

5G, Foldable Smartphones Steal IFA 2019

5G, Foldable Smartphones Steal IFA 2019

BERLIN, Sept. 11 (Korea Bizwire) — While IFA is Europe’s largest consumer electronics show, this year’s event had an interesting twist with unusual scene stealers form the mobile industry to give much-needed hype for the foldable phones and 5G. IFA closed Wednesday after a six-day run, hosting over 1,900 exhibitors that showcased the latest televisions, [...]

Samsung, SK Telecom to Collaborate on 5G-based 8K TVs

Samsung, SK Telecom to Collaborate on 5G-based 8K TVs

BERLIN, Sept. 8 (Korea Bizwire) — Samsung Electronics Co. and SK Telecom Co. have agreed to develop 8K televisions based on 5G networks to diversify content available on the top-end resolution TVs, they said Sunday. 8K TVs offer four times the number of pixels as 4K screens, and 5G is the ultra-fast wireless network that [...]

Samsung Begins Replacing Japanese Materials in Chip Production amid Export Curbs

Samsung Begins Replacing Japanese Materials in Chip Production amid Export Curbs

SEOUL, Sept. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s leading memory chip and smartphone maker, has begun replacing Japanese materials with local supplies for its production of semiconductors, company officials said Tuesday, a move that could offset Japan’s restrictions on high-tech exports to South Korea. “(The company) has injected supplies other than Japanese [...]

Samsung Q2 Net Tumbles on Weak Chip Prices, Japan’s Curbs Cloud Outlook

Samsung Q2 Net Tumbles on Weak Chip Prices, Japan’s Curbs Cloud Outlook

SEOUL, Jul. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday its second-quarter net profit more than halved from a year earlier on weak chip prices and tepid smartphone sales, warning Japan’s export curbs cloud its business outlook. The net profit for the world’s largest chip and smartphone maker came to 5.18 trillion won (US$4.4 [...]

Samsung Electronics’ Q2 Earnings More than Halve on Weak Memory Chips

Samsung Electronics’ Q2 Earnings More than Halve on Weak Memory Chips

SEOUL, Jul. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings more than halved in the second quarter from a year earlier amid the weak memory chip and handset market. The operating profit was estimated at 6.5 trillion won (US$5.6 billion) in the April-June period, a 56.3 percent drop from a year [...]