Samsung Electronics

Samsung has also filed a related lawsuit in Delaware federal court accusing Netlist of breaking an obligation to offer fair licenses for technology required to comply with international standards.

Centre working on a Repairability Index to create an ecosystem for reuse of devices

The index will also aim to standardize how repairability is to be assessed, allowing consumers to compare products based on the repair quotient.

'No work, no pay,' Samsung warns striking Indian workers as row escalates

Samsung workers are earning Rs 25,000 ($300) on average per month, according to powerful labour group CITU that has helped mobilize the factory workers. They are demanding a raise of Rs 36,000 ($430) over three years

World Street | Nvidia slump continues; Ackman’s IPO stumbles; Starbucks revenue miss; Samsung’s record earnings and more

From Nvidia’s stock plunge and Ackman’s scaled-back IPO to Starbucks' revenue miss and Samsung's record earnings, here's a look at recent business developments around the world.

World Street | Nikkei ascends to new peak, Samsung's better-than-expected Q2, Labour Party's victory in UK elections and more

From China's EV maker BYD's first plant in Thailand to MG and Nio's plans to raise prices to counter EU's increased tariffs, here's a look at some of the major developments from across the world.

Samsung Electronics' union stages first walkout

The National Samsung Electronics Union, with about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest measures

World Street | Samsung, Intel to gain for US' chip push, big Japan wage hikes, Microsoft launches security copilot and more

From Samsung's expansion and wage hikes in Japan to Microsoft Copilot unveiling, and TikTok ban, here's a look at recent business developments around the world.

Samsung Elec has more than halved its stake in ASML, filings show

Samsung is expected to spend the proceeds on new memory chip production lines, local media reported on Wednesday.

Apple and Samsung to invest in SoftBank's Arm at IPO: Nikkei

The long-awaited IPO is seen as a potential windfall for Softbank founder and CEO Masayoshi Son's sprawling tech conglomerate.

Samsung expects gradual global chip demand rebound in H2

"Looking to the second half of the year, the (memory chip) market is expected to gradually move toward stability considering increasing production cuts in the industry," the world's biggest memory chip and smartphone maker said in a statement.

In Pics | Samsung Electronics unveils 5th generation of Galaxy foldables, smartwatches and tabs

Samsung is "revolutionising the mobile industry" with its set of foldable gadgets, said TM Roh, President at Samsung Electronics at the Galaxy Unpacked event.

Samsung Electronics flags 96% drop in Q2 profit as chip glut drags on

The world's largest memory chip and smartphone maker estimated its operating profit fell to 600 billion won ($459 million) in April to June, from 14.1 trillion won a year earlier in a short preliminary earnings statement.

Samsung and Tesla execs meet to discuss cooperation in high-tech

The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added.

Samsung Electronics to invest $230 billion through 2042 in South Korea chipmaking base

The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that expands tax breaks and infrastructure support to increase the competitiveness of high-tech industries including those involving chips, displays and batteries.

Samsung announces new Odyssey, ViewFinity and Smart Monitors to be showcased at CES 2023

The new monitor line-up from Samsung delivers refresh rates of up to 240Hz and in ultra-wide aspect ratio's up to 32:9

Samsung Electronics to expand chip production at largest plant next year

The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of chips.

Samsung heir elevated to Chairman after jail stint

Lee, also known as Jay Y. Lee, had been serving a 2 1/2 year prison term for bribing a former South Korean president, Park Geun-hye, before he was released on parole in August 2021. About a year later, President Yoon Suk Yeol pardoned Lee.

Samsung Electronics Q3 profit slumps 31% as economic woes hammer demand

The world's top maker of memory chips and smartphones said operating profit fell to 10.85 trillion won ($7.66 billion) for the July-September quarter, from 15.8 trillion won a year earlier.

Samsung Electronics' names Jay Y. Lee executive chairman

A symbolic move heralding that South Korea's most valuable company will be officially run by the third generation of its founding family.

Samsung Electronics to triple advanced chip production by 2027, sees robust demand

The world's second-largest foundry after Taiwan Semiconductor Manufacturing Co (TSMC) is targeting mass production of advanced 2-nanometre technology chips by 2025 and 1.4-nanometre chips by 2027, set for use in applications such as high-performance computing and artificial intelligence.

Samsung Electronics to invest over $5 billion as it targets net zero emissions by 2050

"These activities are to eventually meet demand from our customers ... so that we raise interest in our products," said Kim. "There are costs, but we will try to forge a business opportunity."

Bill Gates, Samsung develop toilet that turns solid waste into ashes

Describing the prototype toilet as "energy-efficient", Samsung said that it is designed to run without water, making it particularly useful in remote regions where water is scarce.

Samsung Electronics breaks ground on new chip R&D centre, plans $15 billion investment by 2028

The world's largest memory chip maker and second-largest chip contract manufacturer said the new facility at Giheung, south of Seoul, will lead advanced research on next-generation devices and processes for memory and system chips, as well as development of new tech based on a long-term roadmap.

Samsung fined $9.8M for misleading Australian phone ads

Federal Court Justice Brendan Murphy gave Samsung Electronics Australia, a subsidiary of South Korea-based Samsung Electronics Co., 30 days to pay the fines.

Samsung Electronics sees mobile and PC chip demand weakening in H2

Operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter ended June 30 from 12.57 trillion won a year earlier, the world's top maker of memory chips and smartphones said, its highest second-quarter profit since 2018.