SEOUL, Jun. 11 (Korea Bizwire) — Chung Hyun-ho, president of Samsung Electronics, was questioned by prosecutors on Tuesday about his suspected involvement in alleged accounting fraud at the company’s biotech affiliates. The 59-year-old Chung, known as one of the closest aides to Samsung Electronics Vice Chairman Lee Jae-yong, arrived at the Seoul Central District Prosecutors [...]
SEOUL, May 27 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of smartphones, is expected to solidify its position in the global smartphone market as troubles surrounding China’s Huawei Technologies Co. deepened amid an escalating trade feud between Washington and Beijing, Fitch Ratings said Monday. Google has said it will stop supplying its [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co.’s cash on its balance sheets still remained high despite a slump in its business in the first quarter of the year, its financial report showed on Monday, leaving room for more investment and shareholder-friendly policies. Samsung’s liquidity ratio stood at 263 percent as of March, up [...]
SEOUL, May 9 (Korea Bizwire) — Samsung Electronics Co. on Thursday introduced the world’s highest-resolution image sensor, with 64 megapixels for smartphones, to meet the growing demand for mobile devices with better image quality. Samsung unveiled two new 0.8-micrometer pixel image sensors — the 64-megapixel ISOCELL Bright GW1 and the 48-megapixel ISOCELL Bright GM2, expanding [...]
SANTA CLARA, Calif. and SEOUL, Korea, May 8 (Korea Bizwire) — Efinix®, an innovator in programmable product platforms and technologies, and Samsung Electronics today announced a partnership to develop Quantum eFPGAs on Samsung’s 10nm silicon process. “It’s a major leap from 40nm Trion™ T20 FPGA to 10nm Quantum eFPGA. We are achieving PDK to GDS with [...]
SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has moved its artificial intelligence (AI) lab in Canada to a prestigious institute to bolster efforts to develop advanced technologies applicable to system semiconductors. The Samsung Advanced Institute of Technology (SAIT) AI Lab, which first opened at the University of Montreal in August [...]
SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. is expected to bounce back from its first-quarter earnings shock from the third quarter of this year thanks to a recovery in chip demand, analysts said Thursday. Samsung’s net profit nose-dived 57 percent on-year to 5.04 trillion won (US$4.3 billion) in the January-March period, the lowest [...]
SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday cautiously expected an uptick in chip demand for high-value products and mobile devices in the second half of the year, after delivering a 60 percent drop in its first-quarter earnings on weak memory chip prices. The South Korean tech giant posted a net profit [...]
SEOUL, Apr. 26 (Korea Bizwire) — Yonsei University plans to open up a new Department of System Semiconductor Engineering in 2021 that will offer graduates the guarantee of a job at Samsung Electronics Co. The university and Samsung agreed early this week to create the new department and have notified the Ministry of Education. The [...]
SEOUL, Apr. 26 (Korea Bizwire) — Samsung Electronics Co. said Friday it has sold more than 1 million units of its new flagship smartphone, the Galaxy S10, in South Korea, with the product becoming the fastest Galaxy device to surpass the mark. The South Korean tech giant said sales of the Galaxy S10 were more [...]