SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, Samsung said Sunday, hinting at a potential business partnership between the world’s leading chipmaker and the electric vehicle giant. Lee held the meeting with Musk on Wednesday (U.S. time) at Samsung Electronics’ semiconductor research [...]
SEOUL, May 11 (Korea Bizwire) — For the past few years, Samsung Electronics has been the dominant player in the global foldable smartphone market, where early tech adopters have lugged around small tablet-sized phones in exchange for creative dual screen use. Now, the South Korean tech giant is facing its most serious competitor yet — [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]
SEOUL, May 2 (Korea Bizwire) —Samsung Electronics is reportedly developing its own generative AI solution optimized for translation and document summarization while temporarily restricting the use of ChatGPT and other third-party generative AI tools within its in-house operations. On April 28, Samsung announced its decision to limit the use of generative AI through in-house PCs, [...]
SEOUL, April 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it is presenting its first-ever 89-inch microLED display at the Appliance & Electronics World Expo 2023 in Shanghai. MicroLED technology provides best-in-class picture quality, as it uses micrometer-sized LEDs to produce light and color without requiring a backlight or color filter. Additionally, these LEDs can [...]
SEOUL, April 27 (Korea Bizwire) – Samsung Electronics Co. on Thursday reported its worst quarterly profit in 14 years, as global economic woes dented demand for consumer electronics and a chip glut battered its core business. The world’s largest memory chip and smartphone maker reported operating profit of 640.2 billion won (US$478 million) during the [...]
SEOUL, April 24 (Korea Bizwire) — Samsung Electronics Co. said Monday it will make its case heard in a patent suit in the Unites States, after a jury concluded last week the South Korean tech giant infringed several semiconductor patents owned by an American company. “We will review the jury verdict and will make our [...]
SEOUL, April 23 (Korea Bizwire) — Samsung Electronics has opened a SmartThings pop-up store at Dubai Mall during the Eid al-Fitr festival, marking the end of Ramadan. The store aims to showcase connectivity between various SmartThings-powered products, including the Galaxy S23′s Nightography, the 2023 Neo QLED, and the Odyssey Arc gaming monitor. Samsung also [...]
SEOUL, April 23 (Korea Bizwire) — Samsung Electronics Co. is likely to post an operating loss in the second quarter on a chip downturn and decline in mobile demand, in what will be the first quarterly loss for the world’s largest memory chip maker in nearly 15 years, according to analysts Sunday. Samsung Electronics could [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics Co.’s unionized workers said Friday they will bring a labor dispute with the tech giant to the state labor relations commission for arbitration. “Despite record high earnings, the management has dismissed the unions’ demands all the time, citing business difficulties,” Samsung’s four unions said. “At every wage [...]