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  • Samsung Electronics to shut down sole China TV factory by November Sep 07, 2020 01:53 PM IST

    Samsung Electronics to shut down sole China TV factory by November

    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.

  • Samsung Electronics to halt production at its last computer factory in China Aug 03, 2020 04:20 PM IST

    Samsung Electronics to halt production at its last computer factory in China

    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.

  • India investment body backs incentives for $706 million Samsung display plant: Letter Jun 16, 2020 08:25 PM IST

    India investment body backs incentives for $706 million Samsung display plant: Letter

    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.

  • Samsung Electronics sees Q2 profit fall as virus hits sales of smartphones, TVs Apr 29, 2020 07:20 AM IST

    Samsung Electronics sees Q2 profit fall as virus hits sales of smartphones, TVs

    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.

  • China allows Samsung Electronic staff to enter country for chip factory expansion Apr 22, 2020 04:00 PM IST

    China allows Samsung Electronic staff to enter country for chip factory expansion

    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.

  • Early Asia tech results signal slow recovery after coronavirus battering Apr 07, 2020 04:20 PM IST

    Early Asia tech results signal slow recovery after coronavirus battering

    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.

  • Coronavirus pandemic | Samsung Electronics shuts US factory after 2 workers test positive of COVID-19 Apr 03, 2020 08:00 AM IST

    Coronavirus pandemic | Samsung Electronics shuts US factory after 2 workers test positive of COVID-19

    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.

  • Coronavirus pandemic: Samsung says chip factory worker tests positive for COVID-19, output not affected Mar 31, 2020 07:25 AM IST

    Coronavirus pandemic: Samsung says chip factory worker tests positive for COVID-19, output not affected

    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.

  • Home work triggers demand jump for chips, laptops and network goods Mar 23, 2020 03:35 PM IST

    Home work triggers demand jump for chips, laptops and network goods

    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.

  • Samsung offers phone delivery service for test use to ride out coronavirus impact Feb 18, 2020 07:55 PM IST

    Samsung offers phone delivery service for test use to ride out coronavirus impact

    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.

  • Samsung Electronics's jailed board chairman quits Feb 14, 2020 03:10 PM IST

    Samsung Electronics's jailed board chairman quits

    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.

  • Samsung Electronics appoints Roh Tae-moon as new mobile chief Jan 20, 2020 08:11 AM IST

    Samsung Electronics appoints Roh Tae-moon as new mobile chief

    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.

  • Samsung Electronics estimates Q4 operating profit down more than a third Jan 08, 2020 08:42 AM IST

    Samsung Electronics estimates Q4 operating profit down more than a third

    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.

  • Samsung Electronics chip output at South Korea plant partly halted due to short blackout Jan 01, 2020 11:22 AM IST

    Samsung Electronics chip output at South Korea plant partly halted due to short blackout

    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.

  • Samsung chairman Lee Sang-hoon jailed for union sabotage Dec 18, 2019 03:59 PM IST

    Samsung chairman Lee Sang-hoon jailed for union sabotage

    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.

  • Samsung Electronics board chairman jailed on union-busting charge Dec 17, 2019 02:00 PM IST

    Samsung Electronics board chairman jailed on union-busting charge

    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.

  • Samsung Electronics says Q3 net profit slumps 52% Oct 31, 2019 09:03 AM IST

    Samsung Electronics says Q3 net profit slumps 52%

    "Earnings from the Memory Business slumped significantly year-on-year as memory chip prices continued its downward trend," it said in a statement.

  • Samsung Electronics' second-quarter profit likely halved as Huawei woes worsen chip glut Jul 03, 2019 11:40 AM IST

    Samsung Electronics' second-quarter profit likely halved as Huawei woes worsen chip glut

    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.

  • Samsung Electronics delays Galaxy Fold media events in China Apr 22, 2019 09:36 AM IST

    Samsung Electronics delays Galaxy Fold media events in China

    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.

  • Samsung Electronics could become one of Orange's providers for French 5G licence Apr 18, 2019 03:59 PM IST

    Samsung Electronics could become one of Orange's providers for French 5G licence

    France's 5G telecoms frequencies auction should start later this year.

  • Samsung Electronics says will inspect damaged Galaxy Fold samples Apr 18, 2019 08:36 AM IST

    Samsung Electronics says will inspect damaged Galaxy Fold samples

    "We will thoroughly inspect these units in person to determine the cause of the matter," Samsung said in a statement, noting that a limited number of early Galaxy Fold samples were provided to media for review.

  • Samsung Electronics flags 60% slump in Q1 operating profit Apr 05, 2019 12:14 PM IST

    Samsung Electronics flags 60% slump in Q1 operating profit

    Operating profits for January to March would be "approximately 6.2 trillion won", the firm said in a statement, down 60.4 percent on-year.

  • Samsung Electronics first quarter earnings under pressure as chip prices fall Apr 04, 2019 10:59 AM IST

    Samsung Electronics first quarter earnings under pressure as chip prices fall

    On top of this, China's slowing economic growth, the Sino-US trade war and Brexit are combining to drag down profits for makers of consumer electronics around the world.

  • Samsung Electronics sees tough 2019 for component business: CEO Mar 20, 2019 07:32 AM IST

    Samsung Electronics sees tough 2019 for component business: CEO

    He was speaking at the South Korean tech giant's annual general meeting where shareholders are expected to vote on the appointment of board directors.

  • Samsung says expects $4 billion in Indian sales of new smartphone range Feb 14, 2019 06:30 PM IST

    Samsung says expects $4 billion in Indian sales of new smartphone range

    Samsung's mobile phone sales in India hit 373.5 billion rupees in the year to end-March 2018, according to regulatory filings sourced by paper.vc, a business intelligence platform.

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