SEOUL, May 14 (Korea Bizwire) — Samsung Electronics has made its biggest acquisition in nearly a decade, purchasing Germany-based FläktGroup for €1.5 billion (approximately 2.38 trillion won or $1.68 billion) in a move to aggressively expand into the fast-growing global heating, ventilation, and air-conditioning (HVAC) market. The deal, announced Tuesday, positions Samsung to capitalize on soaring demand [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has acquired FlaktGroup Holding GmbH, a Germany-based ventilation company, for 1.5 billion euros (US$1.68 billion), marking its largest takeover in about eight years. The company has signed an agreement with European investment firm Triton to take over a 100 percent stake in the [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled its new Galaxy S25 Edge smartphone, featuring an ultra-slim design, advanced camera technology and artificial intelligence (AI). The new smartphone measures 5.8 millimeters thick, significantly thinner than the Galaxy S25′s 7.2 mm and the Galaxy S25 Plus’ 7.6 mm, according to the company. [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics’ semiconductor division continues to trail Taiwan’s TSMC in quarterly sales, as surging demand for artificial intelligence (AI) chips solidifies the Taiwanese chipmaker’s lead in the global foundry market. According to industry data released on Sunday, Samsung’s Device Solutions (DS) division recorded 25.1 trillion won in revenue for the [...]
SEOUL, May 8 (Korea Bizwire) — Samsung Electronics announced a major organizational overhaul on Thursday, establishing a dedicated AI Productivity Innovation Group within its Device Experience (DX) division as part of its push to transform into a fully “AI-driven company.” The move marks a significant step in Samsung’s efforts to embed artificial intelligence into its [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
SEOUL, April 30 (Korea Bizwire) — Samsung Electronics is weighing production shifts and bolstering its risk management strategies in response to rising tariff uncertainties stemming from former President Donald Trump’s proposed global trade policies, company executives said during a quarterly earnings call Tuesday. Park Soon-chul, Samsung’s Chief Financial Officer, said the company is closely monitoring international [...]
PUERTO AYORA, Ecuador, April 29 (Korea Bizwire) — In one of the world’s most ecologically sensitive regions, South Korean tech giant Samsung Electronics is drawing attention for its environmentally conscious e-waste recycling initiative in Ecuador’s Galápagos Islands. Samsung’s Latin America division announced Monday that it has been operating a mobile electronics waste collection program on [...]
SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Friday it swung to a net loss in the first quarter from a year earlier due to a prolonged slump in the electric vehicle (EV) market. In the three months ended March, the company posted a net loss of 216 [...]
SEOUL, April 23 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its first-quarter net profit more than doubled from a year earlier, driven by expanded production and a weaker won. Net profit for the three months ended March surged to 375.6 billion won (US$263.9 million), up from [...]