SEOUL, Jan. 16 (Korea Bizwire) — Samsung Electronics said it will pay sharply higher performance bonuses this year to employees in its semiconductor division, reflecting a strong rebound in memory earnings and robust sales of high-value chips, according to an internal notice released Friday. The company’s Device Solutions (DS) division, which oversees semiconductors, will receive an [...]
SEOUL, Jan. 13 (Korea Bizwire) — Samsung Electronics is expanding its push into home entertainment and education through a new partnership with the iconic guitar maker Fender, unveiling a television-based guitar learning platform designed to make music instruction more immersive and accessible. The company said on Tuesday that it will launch Fender Play TV, an app [...]
SEOUL, Jan. 12 (Korea Bizwire) — Samsung Electronics is on the verge of forming its first-ever majority labor union, as membership in its cross-company union has surged amid persistent employee dissatisfaction over performance-based pay, despite the company’s record profits. According to industry sources on Jan. 11, membership in the Samsung Electronics branch of the cross-company union [...]
SEOUL, Jan. 5 (Korea Bizwire) — Samsung Electronics is on the brink of posting its strongest quarterly operating profit ever, buoyed by a historic surge in memory chip prices and a revival in high-bandwidth memory used for artificial intelligence, analysts and industry data show. The company is expected to announce preliminary fourth-quarter earnings later this week, [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics is deepening its long-running partnership with BMW by expanding cooperation from batteries and displays into automotive semiconductors, underscoring Chairman Lee Jae-yong’s push to position vehicle electronics as a core growth engine for the group. Under the latest agreement, Samsung will supply its in-house automotive processor, Exynos Auto, for [...]
SEOUL, Dec. 26 (Korea Bizwire) — Samsung Electronics is set to unveil its first mobile graphics processing unit developed entirely with in-house technology, marking a significant step toward greater independence in the fiercely competitive semiconductor industry shaped by the rapid rise of artificial intelligence. According to industry officials on Thursday, Samsung has equipped its upcoming Exynos [...]
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. [...]