SEOUL, April 11 (Korea Bizwire) – Samsung Electronics Co. said Tuesday that preorders for its new flagship smartphone, the Galaxy S8, has surpassed a whopping 600,000 units in just five days, heralding a big hit for the company. The Galaxy S8 smartphones feature high resolution displays that bend on both ends, and come with various [...]
SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business. Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared with 6.68 trillion won posted a year [...]
SEOUL, April 2 (Korea Bizwire) – Samsung Electronics Co., the world’s largest manufacturer of smartphones, slightly reduced its expenditures on research and development (R&D) projects last year, data showed Wednesday, as it sought to acquire key technologies through mergers and acquisitions, data showed Sunday. Samsung Electronics Co. spent 14.79 trillion won (US$13.2 billion) on R&D [...]
SEOUL, March 24 (Korea Bizwire) – Samsung Electronics Co.’s Vice Chairman Kwon Oh-hyun said Friday that a move to restructure the tech giant into a holding-company structure is “not easy” at the moment, suggesting the process may be delayed for the time being. The world’s largest leading maker of smartphones and memory chips said in [...]
SEOUL, March 9 (Korea Bizwire) – Samsung Electronics Co. has been considering building a new plant in the United States in line with its “mid to long-term base strategy,” a senior executive said Thursday. Seo Byung-sam, vice president of Samsung’s home appliance unit, made the remarks at a meeting with reporters in Seoul, after the [...]
SEOUL, March 8 (Korea Bizwire) – Samsung Electronics Co. is expected to report a 30-percent jump in its first-quarter operating profit as strong sales of semiconductors continue to drive earnings, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 [...]
SEOUL, Feb. 24 (Korea Bizwire) – The board of Samsung Electronics Co. approved a new clause on Friday that aims to make donations more transparent, after Vice Chairman Lee Jae-yong was arrested over his alleged role in the influence-peddling scandal that led to the impeachment of President Park Geun-hye. Under the new rule, any plans [...]
SEOUL, Feb. 23 (Korea Bizwire) – Samsung Electronics Co., the world’s top memory chip and smartphone maker, said Thursday it will begin the mass production of the industry’s first mobile application processor (AP) built on 10-nanometer FinFET technology. Samsung said it plans to apply the new FinFET technology to Exynos 9 which is widely predicted [...]
SEOUL, Feb. 13 (Korea Bizwire) – Shareholders of Harman International Industries Inc. will hold a meeting later this week to vote on a deal by Samsung Electronics Co. to acquire the U.S. car technology firm, according to industry sources Monday. In a deal worth US$8 billion, Samsung announced last November that it would buy Harman [...]
SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday. LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]