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Samsung’s 2024 Bespoke Refrigerators Merge AI with Energy Efficiency and Smart Storage

SEOUL, Mar. 15 (Korea Bizwire) – Samsung Electronics announced the launch of its new Bespoke refrigerator models on March 14, featuring improved energy-saving capabilities powered by artificial intelligence (AI). The 2024 Bespoke refrigerator series incorporates a next-generation digital compressor and an AI Energy Mode across all models, designed to reduce power consumption. The next-generation digital compressor [...]

Samsung Salaries Dip, Top Execs Secure Big Payouts Amid Chip Slump

SEOUL, Mar. 14 (Korea Bizwire) – In the face of a challenging semiconductor market last year, Samsung Electronics employees experienced a significant reduction in their average annual salaries, with a reported decrease of over 10% from the previous year. Kim Ki-nam, an advisor at Samsung, emerged as the top earner, receiving a compensation package exceeding 17.2 [...]

Samsung Electronics Shifts Focus to Expanding OLED TV Market Share

SEOUL, March 13 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will expand its market share in organic light-emitting diode (OLED) TVs, where rival LG Electronics Co. remains the global market leader, with a focus on premium, large-sized products. “Over the past two years, our OLED TVs have experienced rapid growth and our market [...]

Tech Titans Samsung and LG Escalate Robotics Race with Major Investments and R&D

SEOUL, Mar. 13 (Korea Bizwire) – Amid the rapidly growing global robotics market, fueled by advancements in Artificial Intelligence (AI) and Information and Communication Technology (ICT), tech giants Samsung Electronics and LG Electronics are ramping up their investments and research and development efforts. The robotics sector, which integrates various fields such as AI, semiconductors, optics, telecommunications, [...]

Samsung Electronics Pioneers Eco-Friendly Heating Using Semiconductor Waste Heat

SEJONG, Mar. 13 (Korea Bizwire) – In a novel move towards sustainability, Samsung Electronics is set to utilize the waste heat generated from its semiconductor manufacturing processes for district heating purposes. This innovative approach was solidified through an agreement signed between Samsung Electronics and the Korea District Heating Corporation. The ceremony, held at Samsung’s Hwaseong campus, [...]

Samsung Electronics to Launch Washer-dryer Combo Globally in Q2

SEOUL, Mar. 11 (Korea Bizwire) — Samsung Electronics Co. said Monday it will launch its latest Bespoke AI Combo washer-dryer globally within the second quarter of this year. The Bespoke AI Combo, which combines a 25 kilogram washing capacity with a 15 kg heat-pump drying capability, debuted in South Korea late last month. Within just [...]

Samsung Heavy Wins 198.8 Bln-won Order for 1 Shuttle Tanker

SEOUL, Mar. 4 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Monday it has clinched a 198.8 billion-won (US$149 million) order to build a shuttle tanker for an Oceanian shipper. The vessel will be delivered to the undisclosed shipping company by the end of August 2026, Samsung Heavy said in a regulatory [...]

New Galaxy S24 Sales Top 1 Million in S. Korea

SEOUL, Feb. 28 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in South Korea within just 28 days of their launch. The Galaxy S24 series, which was unveiled on Jan. 16, reached the 1 million mark on the previous day, beating the [...]

Samsung Electronics Develops 36GB HBM3E with 12 Layers

SEOUL, Feb. 27 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has developed the fifth generation high bandwidth memory (HBM) chips with 12 layers of DRAM chips, helping it lead the booming market for advanced chips. With the industry’s largest capacity of 36 gigabytes (GB), Samsung Electronics said it plans to mass-produce the product [...]

Samsung Electronics to Join Alliance to Lead AI-powered 6G Network Tech

SEOUL, Feb. 26 (Korea Bizwire) – Samsung Electronics Co. said Monday it participated in the U.S. chip giant Nvidia-led alliance in a bid to lead the next-generation 6G network technologies powered by artificial intelligence (AI). The South Korean tech giant said it is a founding member of the AI-RAN Alliance, launched during this year’s Mobile World Congress, along with semiconductor, telecommunications and software big names including Nvidia, Arm, [...]