SEOUL, Dec. 7 (Korea Bizwire) — Samsung Electronics Co. on Tuesday replaced all three CEOs in a surprise move that the company said was intended to enhance competitiveness and promote future growth. Han Jong-hee, who has served as president and head of the visual display business at Samsung Electronics since 2017, was promoted to vice [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean retail investors have been snapping up shares of electric vehicle-themed exchange traded fund (ETF) while dumping shares of Samsung Electronics Co. and SK hynix Inc., data showed Sunday. The most-sold stocks by retail investors during the five weeks from Nov. 1 to Dec. 3 were the two [...]
SEOUL, Dec. 1 (Korea Bizwire) — A semiconductor industry tracker on Wednesday cut in half its growth projection of the global memory chip market next year. World Semiconductor Trade Statistics (WSTS), a nonprofit organization of chipmakers, forecast the memory market to expand 8.5 percent year-on-year to US$171.6 billion next year, down from a growth rate [...]
SEOUL, Nov. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled three new automotive chips as demand for advanced chips is growing among global carmakers to produce cars with better connectivity and more sophisticated infotainment features. The South Korean tech giant said its latest chip products are designed to enable faster 5G connectivity needed [...]
SEOUL, Nov. 29 (Korea Bizwire) — Samsung Electronics Co. said Monday it has overhauled its employee evaluation and position system to spot and nurture talent and improve productivity by creating more flexible corporate culture. Under the new system, which will go into effect Jan.1, the tech giant will abolish its decades-old seniority-based top-down approach and [...]
SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]
SEOUL, Nov. 26 (Korea Bizwire) — Samsung Electronics Co. is widening investment for the future of the semiconductor industry by joining hands with universities to train experts and professionals. The global tech giant signed an agreement with the Korea Advanced Institute of Science and Technology (KAIST), South Korea’s top science university, on Thursday to build [...]
SEOUL, Nov. 24 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has selected the city of Taylor in Texas as the site of its new US$17 billion chip fabrication plant, a move to boost production amid a global chip shortage. The decision came five months after the tech giant announced a plan to build [...]
SEOUL, Nov. 23 (Korea Bizwire) — Samsung Electronics Co. Vice Chairman Lee Jae-yong has met with the chiefs of Google and Microsoft to discuss future cooperation in chips, software and others, Samsung officials said Tuesday. The meetings earlier this week with Google CEO Sundar Pichai and Microsoft CEO Satya Nadella came as the world’s largest [...]
SEOUL, Nov. 18 (Korea Bizwire) — Samsung Electronics Co. boosted its market presence in the global memory market in the third quarter, further consolidating its dominant position in the segment, a report showed Thursday. Samsung, the world’s biggest memory chip maker, took up 44 percent of the DRAM market for the three months ending in [...]