Nov 24, 2021 07:33 AM IST
The world’s biggest memory chipmaker and second-largest contract chip manufacturer had also considered sites in Arizona and New York but said it chose Texas, where it has its only other U.S. chip plant, based on factors such as infrastructure stability, local government support, and proximity to its existing plant.
- Sep 29, 2021 10:05 AM IST
Samsung told Reuters that it is continuing due diligence in multiple locations, and that it has yet to make a decision.
- Aug 26, 2021 09:58 PM IST
The conglomerate said it would build two new manufacturing plants on top of three currently in operation with a view to tapping into the manufacturing of vaccines.
- Jan 18, 2021 11:54 AM IST
Lee Jae-yong, vice-chairman of Samsung Electronics, the world's biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement in connection with the scandal that brought down president Park Geun-hye.
- Oct 08, 2020 02:13 PM IST
The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.
- Sep 07, 2020 01:53 PM IST
The TV factory in Tianjin is the only Samsung Electronics TV production base in China, the spokesman said. The decision is part of "ongoing efforts to enhance efficiency" in its production facilities, Samsung said in a statement earlier.
- Aug 03, 2020 04:20 PM IST
Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff.
- Jun 16, 2020 08:25 PM IST
Samsung, one of the top smartphone sellers in India, signed a memorandum of understanding with Uttar Pradesh in 2019 on the project. A source familiar with the matter said this would relocate manufacturing previously done in China.
- Apr 29, 2020 07:20 AM IST
Samsung said its first-quarter operating profit rose 3% in the January-March period, in line with an earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.
- Apr 22, 2020 04:00 PM IST
The move came after China said on Tuesday that it was in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains.
- Apr 07, 2020 04:20 PM IST
Foxconn, which said last month it expected to resume normal production in China by the end of March, warned it does not expect to see any revenue growth in the first half of this year.
- Apr 03, 2020 08:00 AM IST
The South Korean tech giant said its facility, located in Newberry County, South Carolina, is being "thoroughly cleaned and sanitized," and will resume operation on April 5.
- Mar 31, 2020 07:25 AM IST
This is the first time a Samsung chip factory employee has tested positive for the virus, although several confirmed cases at the tech giant's smartphone factory in South Korea's southeastern city of Gumi resulted in a temporary suspension.
- Mar 23, 2020 03:35 PM IST
Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand and economic slump, but performance at electronics retailers and chipmakers is hinting at benefits from the shift in work culture.
- Feb 18, 2020 07:55 PM IST
The move highlights efforts made by the global smartphone industry, one of the tech sectors most hurt by the virus outbreak in China, to minimise the impact on business.
- Feb 14, 2020 03:10 PM IST
The resignation comes less than two years after Lee's appointment split the chairman and chief executive roles for the first time in an effort to enhance transparency and independence of the world's top memory chip manufacturer in the wake of a corruption scandal involving group heir Jay Y. Lee.
- Jan 20, 2020 08:11 AM IST
Roh, at 51, is the youngest president at Samsung, championed Samsung's strategic shift to outsource more phones to Chinese and other companies, to cut costs and to better compete with cheaper Chinese rivals like Huawei, people familiar with the matter previously told Reuters.
- Jan 08, 2020 08:42 AM IST
In an earnings guidance statement, it projected operating profits in the October to December period at 7.1 trillion won, down 34.2 percent year-on-year.
- Jan 01, 2020 11:22 AM IST
Some DRAM and NAND flash chip production lines were stopped after electricity was cut due to a problem with a regional power transmission cable, and a full recovery is expected in about two to three days, Yonhap reported earlier on Tuesday, citing industry sources.
- Dec 18, 2019 03:59 PM IST
Chairman Lee Sang-hoon and executive vice president Kang Kyung-hoon were both sentenced to 18 months for leading a wide-ranging operation to deter staff at Samsung's customer service unit from operating a union.
- Dec 17, 2019 02:00 PM IST
Lee and about 25 other defendants were charged with sabotaging union activities by subcontracted workers at Samsung Electronics' repair unit, Samsung Electronics Service Co Ltd.
- Oct 31, 2019 09:03 AM IST
"Earnings from the Memory Business slumped significantly year-on-year as memory chip prices continued its downward trend," it said in a statement.
- Jul 03, 2019 11:40 AM IST
The quarterly result would be the South Korean firm's lowest in nearly three years, with the prospect of an earnings recovery still some quarters away as a period of oversupply continues unabated amid a broader slowdown in tech markets.
- Apr 22, 2019 09:36 AM IST
Instead of plaudits ahead of the phone's launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.
- Apr 18, 2019 03:59 PM IST
France's 5G telecoms frequencies auction should start later this year.