SEOUL, Sept. 7 (Korea Bizwire) — Samsung Electronics Co. will close its TV manufacturing plant in Tianjin, China, sources here said Monday, as the company tries to boost efficiency in its supply chain management. The South Korean tech giant plans to cease operations at its sole TV plant in China from end-November, according to the [...]
SEOUL, Sept. 7 (Korea Bizwire) — Samsung Electronics Co., South Korea’ leading tech firm, on Monday said it will supply network equipment to U.S. telecommunications giant Verizon for 7.89 trillion won (US$6.6 billion). Samsung said it will supply network solutions, including 5G, for the next five years until Dec. 2025. Samsung’s latest contract with Verizon [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics Co. is expected to release a budget model of its flagship smartphone Galaxy S20 in the fourth quarter of the year, sources here said Monday, as the company tries to boost its mobile sales amid the pandemic. The handset, tentatively named Galaxy S20 FE, is likely to [...]
SEOUL, Sept. 6 (Korea Bizwire) — Samsung Electronics Co. on Sunday signed a partnership agreement with South Korea’s leading furniture maker Hanssem Co. to expand business opportunities amid the pandemic-driven stay-at-home trend. Under the deal, Samsung will cooperate with Hanssem in the home interior remodeling business. The tech giant will provide its latest home appliances [...]
SEOUL, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. became the top player in the global TV and video streaming device market in the first quarter of the year, a report showed Thursday, as more people use internet video streaming services at home amid the pandemic. Samsung accounted for 14 percent of devices in use [...]
SEOUL, Sept. 3 (Korea Bizwire) — Samsung Electronics Co. on Thursday unveiled its 5G-supporting flexible laptop as the South Korean tech giant tries to increase sales of computing products amid the pandemic. The Galaxy Book Flex 5G is Samsung’s first 5G-equipped laptop boasting enhanced connectivity and performance. Samsung said it will reveal the launch date [...]
SEOUL, Sept. 3 (Korea Bizwire) — Samsung Electronics Co. may produce up to 800,000 Galaxy Z Fold 2 foldable smartphones this year, industry sources said Thursday, as the South Korean tech giant looks to increase sales of foldable handsets with an expanded lineup. The Galaxy Z Fold 2 was officially introduced Tuesday, with its global [...]
SEOUL, Sept. 2 (Korea Bizwire) — Samsung Electronics Co. will manufacture Nvidia Corp.’s latest gaming chips, industry sources said Wednesday, as the South Korean tech giant eyes to expand its presence in the foundry industry. Nvidia’s new RTX 3000 series graphics processing units (GPUs) will be produced by Samsung’s 8-nanometer (nm) process node, according to [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean retail investors have net-bought more than 2 trillion won worth of shares in top-cap Samsung Electronics Co. over the past month amid massive selling by foreigners and institutions, data showed Wednesday. Individual investors’ net purchase of Samsung Electronics traded on the main stock market came to 2.01 [...]
SEOUL, Aug. 31 (Korea Bizwire) — Samsung Electronics Co. dropped to the second spot in the Southeast Asian smartphone market in the second quarter of the year, a report showed Monday, as Chinese brands expanded their presence with budget devices. Samsung was the second-largest smartphone vendor in Southeast Asia with a market share of 19.5 [...]