SEOUL, Aug. 11 (Korea Bizwire) — Samsung Electronics Co. aims to raise the ratio of foldable phones to half of its total smartphone sales by 2025, a top executive has said, after the tech giant unveiled its latest foldable smartphones in an online event. Samsung, the world’s largest smartphone maker, will work to make its [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced its latest lineup of foldable smartphones and other key products, as the tech giant is working to achieve a breakthrough in the stalled smartphone business amid weakened consumer spending. The next-generation foldable smartphones, the Galaxy Z Flip 4 and the Galaxy Z Fold [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co.’s management and its union signed an annual wage deal Wednesday, the first of its kind since the company’s foundation more than five decades ago. The world’s largest memory chip and smartphone maker and its union reached an agreement on a 9 percent pay raise for 2022 [...]
SEOUL, Aug. 4 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will provide 5G solutions and equipment to Indian telecommunications company Bharti Airtel, marking the South Korean tech giant’s first 5G equipment deal from India. Airtel, the world’s fourth-largest communications solutions provider by users, is set to roll out 5G network in India in [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will officially launch Repair Mode service to ensure that personal information is kept private for Galaxy smartphone users. In this mode, personal data such as photos, messages and accounts are inaccessible and only basic applications are accessible. Users can activate the new mode [...]
SEOUL, July 28 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported its second-quarter net profit of 11.09 trillion won (US$8.5 billion), up 15.2 percent from a year earlier, on the back of robust demand for server chips. Operating profit for the April-June period rose 12.2 percent on-year to 14.09 trillion won, the company said [...]
SEOUL, July 28 (Korea Bizwire) — Samsung Electronics Co. and LG Display Co. have aborted their negotiations over the supply of OLED panels for televisions. Kim Sung-hyun, senior vice president and CFO at LG Display, said during a conference call on Wednesday that the negotiations over OLED panel supply to Samsung Electronics had come to [...]
SEOUL, July 28 (Korea Bizwire) – Samsung Electronics Co. will showcase a visual archive of the 20th century through its “The Frame,” a premium TV which comes with stylish frame-like design to display artwork or photos when not in use. The tech giant said it had formed a partnership with the LIFE Picture Collection to [...]
SEOUL, July 25 (Korea Bizwire) — Samsung Electronics Co. on Monday marked the first shipment of 3-nanometer semiconductors at a ceremony, a key milestone in the race to build the most advanced and efficient chips to date. The next-generation 3nm chips are built on Gate-All-Around (GAA) technology, which Samsung said will eventually allow an area [...]
SEOUL, July 22 (Korea Bizwire) — Samsung Electronics Co. floated an idea of investing nearly US$200 billion to build 11 more chip plants in the United States over the next two decades, documents filed with the state of Texas showed Friday. The proposed investment is described in South Korean tech giant’s applications filed with the [...]