SEOUL, June 14 (Korea Bizwire) — Samsung Electronics Co. plans to move around 300 workers from its display business’ liquid crystal display (LCD) division to the company’s semiconductor unit, sources said Tuesday. The plan comes after Samsung Display, a unit of the tech giant, stopped producing LCD panels for TVs this month due to falling [...]
SEOUL, June 12 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, was the world’s 22nd-largest company in terms of market capitalization, down seven notches from a year earlier, data showed Sunday. According to the list of the global top 100 companies released by London-based accounting company PwC, the tech giant was the [...]
SEOUL, June 7 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled an expanded product line for customized home appliances during the online Bespoke Home 2022 event. The Bespoke Home concept, first introduced in 2019, is the South Korean tech giant’s attempt to usher in an era of customized home appliances that go beyond technology [...]
SEOUL, June 7 (Korea Bizwire) — Securities firms are lowering their forecasts for Samsung Electronics Co.’s share price despite the company’s optimistic projections. The average target price proposed by brokerage houses for the giant chipmaker last Thursday was 93,100 won, down by more than 9 percent over the past 12 months, according to the data [...]
SEOUL, June 3 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong will leave for the Netherlands next week, in a business trip widely expected to secure highly advanced chipmaking machines by the Dutch chip equipment maker ASML. On Thursday, Lee asked for permission to be absent from his ongoing trial at the Seoul Central [...]
SEOUL, May 30 (Korea Bizwire) — Samsung Electronics Co. Vice Chairman Lee Jae-yong met with Patrick P. Gelsinger, chief executive of Intel Corp., in Seoul on Monday and discussed cooperation in the chip sector, Samsung officials said. At the meeting, the leaders of the world’s two largest chipmakers explored ways to collaborate in areas ranging [...]
SEOUL, May 27 (Korea Bizwire) — Samsung Electronics Co. is expected to hold a groundbreaking ceremony for a US$17 billion chip fabrication plant in Taylor, Texas, next month, industry sources said Friday. Samsung’s Austin office has recently shared the photo of the construction site and the preparation works for the massive construction via its newsletter, [...]
SEOUL, May 26 (Korea Bizwire) – Samsung Electronics Co. and SK hynix Inc. took up more than half of the global NAND flash memory chip market in the first quarter, a report showed Thursday, up by more than 8 percent from the previous quarter. Samsung, the world’s largest memory chip maker, expanded its market share [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that the CJ ENM Virtual Production Stage had opened with the installation of the LED display The Wall. The Virtual Production Stage is a fully-modern studio with the entire stage decorated with large LED screens, thereby enabling a variety of backgrounds to be displayed. [...]
SEOUL, May 24 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will invest 450 trillion won (US$355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea’s largest company seeks to further expand its business in future growth areas. The company said in a press release it will spend 360 trillion [...]