SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. is accelerating its move to stay ahead of the rapid changes of the way people consume news and entertainment on TV by enhancing content and services available exclusively on its smart devices, a senior executive has said. As the world’s biggest TV and smartphone maker, Samsung [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s chief executive has said macroeconomic challenges will persist throughout this year, amid sluggish demand, rising materials and logistics costs. “Samsung was dealt a heavy blow with deteriorating external factors, like weaker demand and rising costs,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s chief executive officer has said the company was still pursuing a merger deal, even though its efforts have hit a snag. The tech company’s deal-making activities were only “delayed due to various external factors,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a press [...]
SEOUL, Jan. 6 (Korea Bizwire) — Samsung Electronics Co. said Friday its fourth-quarter operating profit likely plunged 69 percent from a year earlier due to sliding memory chip prices as an economic slowdown pummeled demand for IT gadgets and servers. The world’s largest memory chip and smartphone maker estimated its October-December operating profit at 4.3 [...]
SAN JOSE, Calif., Jan. 5 (Korea Bizwire) — Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Samsung Electronics Co., Ltd., a global leader in the electronics industry, entered into a long-term agreement at the end of last year, [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — Samsung Electronics Co. on Wednesday brought attention to its efforts to make connected and sustainable homes a future way of life. During a press conference held a day before the official opening of the annual CES in Las Vegas, the South Korean tech giant shared its vision to create [...]
LAS VEGAS, Jan. 3 (Korea Bizwire) — There were few big surprises and eye-popping innovations at Samsung Electronics’ media events Tuesday, where its latest home gadgets were on full display ahead of the opening of CES 2023. To be fair, the South Korean tech giant did upgrade existing home appliances with new features, aimed at making [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics Co. announced Thursday a plan to showcase artworks using its lifestyle TV The Frame at the 2022 Union Art Fair, which is currently being held at Seoul Auction’s Gangnam Center in Seoul. This year marks the seventh anniversary of the Union Art Fair, which is a direct [...]
SEOUL, Dec. 23 (Korea Bizwire) — Samsung Electronics Co. on Friday held an opening ceremony for a research and development center in Vietnam, in what the tech giant said is the largest such facility in the Southeast Asian country set up by a foreign firm. “I expect the R&D center to contribute to Vietnam’s industrial [...]
SEOUL, Dec. 22 (Korea Bizwire) — The performance-based bonuses that Samsung Electronics Co. paid to its employees declined sharply in second-half of this year amid weaker than expected sales resulting from the economic slump, industry sources said Wednesday. Samsung unveiled what it calls target achievement incentives (TAI) based on its workers’ performance, which could be [...]