SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, said Wednesday it will expand its partnership with the British chip design firm Arm to bolster the competitiveness of its foundry business. As part of the collaboration, the South Korean chipmaker’s foundry division will work with Arm to optimize the design [...]
SEOUL, Feb. 20 (Korea Bizwire) – Samsung and LG are poised to introduce their all-in-one washer-dryer units to the South Korean market, sparking interest among consumers looking for innovative solutions in the home appliance sector. This new product category, which eliminates the need to transfer laundry from a washing machine to a dryer, is expected to [...]
SEOUL, Feb. 16 (Korea Bizwire) – A recent study conducted by Samsung Electronics highlights the significant amount of time Europeans spend contemplating household tasks, amounting to approximately 86% of the actual time dedicated to performing these chores. The survey, which involved 6,066 participants from countries including the U.K., France, Germany, Spain, Italy, and Poland, revealed that [...]
SEOUL, Feb. 13 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that Samsung Research America (SRA), its research and development organization, has partnered with Princeton University in the United States to jointly develop next-generation 6G network technologies. Under the collaboration, SRA will become a founding member of Princeton University’s “NextG Initiative Corporate Affiliates Program,” aiming [...]
SEOUL, Feb. 8 (Korea Bizwire) – Samsung Electronics announced on February 7 the launch of a new “Customer Participation Mobile Phone Collection Program,” developed in collaboration with Gyeonggi Province, CJ Logistics, and the non-profit organization E-Cycle Governance, aimed at promoting recycling and environmental sustainability. Under this program, consumers can easily recycle their old mobile phones. After [...]
SEOUL, Feb. 5 (Korea Bizwire) – Samsung Electronics Co. Chairman Lee Jae-yong on Monday was acquitted of any wrongdoing in a controversial 2015 merger case, a decision expected to strengthen his leadership to overcome mounting challenges and accelerate decision-making within South Korea’s largest conglomerate. Earlier in the day, a Seoul court cleared Lee of charges [...]
SEOUL, Feb. 2 (Korea Bizwire) – Samsung Electronics’ latest AI-enabled smartphone, the Galaxy S24 series, has been found to have the lowest actual purchase price in South Korea compared to other countries worldwide. According to industry insiders, the actual purchase price of the Galaxy S24 Ultra 256GB, sold through Samsung.com at a listed price of 1.69 [...]
SEOUL, Feb. 1 (Korea Bizwire) – A unified labor union encompassing four Samsung affiliates is poised for its official launch, signaling a significant development in the conglomerate’s labor relations. The integrated union held its first general assembly on January 31, marking an internal launch with the revision of regulations. The participating unions include employees from Samsung [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday its fourth-quarter operating profit sank 34.4 percent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand. The world’s largest mobile phone and memory chip maker’s operating profit amounted to 2.82 trillion [...]
SEOUL, Jan. 22 (Korea Bizwire) — Samsung Electronics recently showcased the world’s first transparent micro light-emitting diode (LED) at CES 2024, the world’s largest consumer electronics and IT exhibition, drawing significant attention to the potential mass adoption of micro LED technology. However, the high cost of micro LED TVs, previously exceeding 100 million won per unit, [...]