SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s top display makers, Samsung Display and LG Display, unveiled their latest cutting-edge technologies on Thursday, offering a glimpse into the future of screens in everything from wearables to next-generation vehicles. The Korea Display Exhibition opened its three-day run in southern Seoul with 143 participating companies, including leading material, [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s leading display makers on Wednesday unveiled strategies to overcome the industry’s so-called chasm, or temporary demand plateau, by utilizing cutting-edge organic light-emitting diode (OLED) products and artificial intelligence (AI) technologies. LG Display Co. and Samsung Display Co. shared their visions during the 2025 Display Business Forum held [...]
SEOUL, Aug. 4 (Korea Bizwire) – Samsung Electronics Co. has launched a new companywide task force focused on artificial intelligence (AI) projects, part of a broader push to transform itself into an AI-focused company, according to industry sources Monday. According to the sources, the tech giant’s Device eXperience (DX) division has announced the establishment of [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics swept top honors at the 2025 Ergonomic Design Awards, hosted by the Ergonomics Society of Korea, with a series of smart home appliances praised for their user-centric design, usability, and innovation. Samsung’s Bespoke AI Dishwasher was named Best of the [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong on Tuesday departed for the United States, raising speculation that he may support ongoing trade talks between Seoul and Washington ahead of a key negotiation deadline this week. Lee arrived at Seoul Gimpo Business Aviation Center in western Seoul around 3:50 p.m. and [...]
SEOUL, July 17 (Korea Bizwire) – The Supreme Court on Thursday finalized the acquittal of Samsung Electronics Co. Chairman Lee Jae-yong in a controversial merger case dating back to 2015. The verdict came four years and 10 months after Lee was indicted on charges of unfair trading, stock price manipulation and accounting fraud in the [...]
SEOUL, July 17 (Korea Bizwire) — On the eve of a pivotal Supreme Court ruling concerning Chairman Lee Jae-yong, Samsung is maintaining a strict silence, underscoring the high stakes of a case that has shadowed the group for nearly a decade. South Korea’s Supreme Court is set to deliver its final verdict on Thursday on [...]
SEOUL, July 14 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. plan to participate in an international motor show in Munich in September as part of their ongoing push into the automotive components business, industry sources said Monday. At IAA Mobility 2025, slated for Sept. 9-14 in Munich, Germany, Samsung Electronics’ semiconductor division [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired U.S.-based digital health technology company Xealth in a bid to expand its health care information technology (IT) ecosystem. The acquisition agreement was signed on the previous day, and the acquisition process is expected to be completed by the end of [...]