SEOUL, April 20 (Korea Bizwire) — Samsung Electronics Co. on Wednesday released a brand-new robot vacuum cleaner, the Bespoke Jet Bot AI. The device was designed in collaboration with pattern design brand DropDropDrop and features improved visual accessibility. The concept behind the design is to assist people with low vision who have difficulty cleaning in their [...]
SEOUL, April 14 (Korea Bizwire) — Samsung Electronics Co.’s management and its workers agreed to an average 4.1 percent pay raise for the year, sources said Friday, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown. The world’s largest memory chip and smartphone [...]
SEOUL, April 11 (Korea Bizwire) — Tech giant Samsung Electronics Co. will allow smaller domestic companies to use more of its royalty-free technologies to achieve shared growth, the industry ministry said Tuesday. Samsung will transfer 272 kinds of its patent technologies in eight sectors, including semiconductors, displays and mobile gadgets, to smaller firms without receiving [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have announced their preliminary first-quarter results, and the outcome is a mixed bag. Samsung Electronics suffered a record earnings shock with its operating profit plummeting to a historic low, not only in comparison to LG Electronics but also to LG Energy Solution [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a sharp departure from its previous position that it would not artificially reduce output. The world’s largest memory chip and smartphone maker earlier in [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has extended a multiyear agreement with AMD Inc. to use the U.S. chip firm’s latest graphics solutions to upgrade the Samsung Exynos mobile processor and boost mobile gaming experiences. The partnership will help bring “console-level graphics quality and optimized power consumption to more [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. has been emphasizing the versatility of its mobile payment service, Samsung Pay, in its efforts to keep Apple Pay in check as the latter recently entered the South Korean market. “Samsung Pay was a groundbreaking change that enabled consumers to pay without having to separately subscribe [...]
SEOUL, April 4 (Korea Bizwire) — Ahead of the announcement of preliminary first-quarter earnings results scheduled to be released on Friday, Samsung Electronics Co. is under close watch to see whether its stance on production cutbacks will change. Previously, the world’s largest memory chip maker dismissed the possibility of artificial production cuts. But there are [...]
SEOUL, March 30 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will showcase a new interactive display and a whiteboard app during its participation in the British Educational Training and Technology Show scheduled to be held in London. The newly-released WAV 2023 version makes use of Android OS, enabling teachers and students to be [...]
SEOUL, March 27 (Korea Bizwire) — Samsung Electronics is likely to report poor results in its chip business next month, analysts said Monday, as the ongoing global economic challenges that have resulted in reduced consumer demand negatively affect the company’s performance. Samsung’s Device Solution (DS) division, which oversees its chip business, is forecast to make [...]