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Samsung Electronics Vows to Expand Investment in AI, 5G

Samsung Electronics Vows to Expand Investment in AI, 5G

SEOUL, Mar. 20 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will propel technology innovations to tackle the unfavorable business environment and foster new growth drivers, such as artificial intelligence (AI) and 5G. The South Korean tech giant announced its business plan during a shareholder meeting, the first since a 50:1 stock split in [...]

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

Samsung, SK hynix Suffer Sharp Cuts in Earnings Forecasts

SEOUL, Mar. 19 (Korea Bizwire) – South Korean brokerage houses have sharply downgraded their first-quarter earnings forecasts for Samsung Electronics Co. and SK hynix Inc., citing tumbling memory chip prices, a corporate tracker said Tuesday. The market consensus of Samsung’s operating profit for the January-March period stands at 8.33 trillion won (US$7.36 billion), down about 47 percent [...]

Samsung Seeks Shift to Full Screen in New Smartphones

Samsung Seeks Shift to Full Screen in New Smartphones

SEOUL, Mar. 14 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will push to put cameras and sensors beneath the screens of smartphones to create “perfect full-screen” devices. The South Korean tech giant said its Infinity-O Display, used in Galaxy S10, is a “milestone” for its display technology, although going forward it will showcase [...]

Sales Prospects of Foldable Phones to Stay Dim in 2019: Report

Sales Prospects of Foldable Phones to Stay Dim in 2019: Report

SEOUL, Mar. 11 (Korea Bizwire) — The long-rumored foldable phones will be available in the coming months, but they are expected to take only a tiny share of the global smartphone market this year, an industry report said Monday. South Korea’s Samsung Electronics Co. and China’s Huawei Technologies Co., the world’s two largest device makers, [...]

Samsung Expected to Lose No. 1 Semiconductor Supplier Rank to Intel: Report

Samsung Expected to Lose No. 1 Semiconductor Supplier Rank to Intel: Report

SEOUL, Mar. 8 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. may relinquish its top semiconductor supplier’s rank to U.S. chipmaker Intel Corp. this year due to the cooling memory chip market, an industry report showed Friday. With 83 percent of Samsung’s semiconductor sales relying on memory devices, such as DRAM and NAND [...]

Samsung Electronics to Expand Paternal and Child-care Leave to Promote Childbirth

Samsung Electronics to Expand Paternal and Child-care Leave to Promote Childbirth

SEOUL, Mar. 7 (Korea Bizwire) — Samsung Electronics Co. announced plans to expand paternal leave and childcare leave to meet the government’s policy to promote childbirth. Samsung Electronics recently decided to offer as much as 20 days of paid leave if an employee’s wife gives birth to twins, effective this month. The current welfare policy [...]

Galaxy S10′s First-day Registrations Fall Shy of Predecessors

Galaxy S10′s First-day Registrations Fall Shy of Predecessors

SEOUL, Mar. 5 (Korea Bizwire) – The number of Samsung Electronics Co.’s Galaxy S10s that South Korean users have signed up for at local mobile carriers came to 140,000 units on the first day of registration, industry data showed Tuesday. The number of Galaxy S10′s first-day registration falls below that of the Galaxy S9′s 180,000 [...]

Samsung, SK hynix Dominate Global Chip Market in 2018

Samsung, SK hynix Dominate Global Chip Market in 2018

SEOUL, Mar. 4 (Korea Bizwire) — South Korean chip giants Samsung Electronics Co. and SK hynix Inc. retained their combined leading spot in the global semiconductor market in 2018, an industry tracker said Monday. Samsung’s sales of dynamic random-access memory (DRAM) chips came to US$43.75 billion last year, taking up 43.9 percent of the world [...]