Samsung to embed Google’s generative AI tech in S24 smartphone series
(Reuters) – Samsung will deploy Google’s generative artificial intelligence technology in its Galaxy S24 series smartphones that were unveiled on Wednesday, the companies said. Under the multi-year deal, the South Korean firm’s…
US allows Samsung, SK Hynix to keep getting US tools in China
WASHINGTON (Reuters) -The United States gave permission for South Korea’s SK Hynix and Samsung to keep receiving certain U.S. chipmaking tools at their Chinese plants, the Commerce Department said in a statement…
Samsung Q3 profit set to slump 80% as chip losses persist
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what…
Samsung SDI to invest $2 billion to build second joint battery plant in US with Stellantis
SEOUL (Reuters) – South Korea’s Samsung SDI Co Ltd said on Wednesday it plans to invest 2.7 trillion won ($2.00 billion) to build a second joint electric vehicle (EV) battery plant with…
As Samsung and Hyundai repatriate more earnings, weak won gets some reprieve
By Yena Park, Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s major exporters of cars and smartphones are bringing home a bigger chunk of their earnings this year to enjoy…
Samsung going in ‘right direction’ in China market, mobile chief says
By Joyce Lee SEOUL (Reuters) – Samsung Electronics’ mobile chief said Samsung is “going in the right direction” in China, the world’s largest mobile market, as it seeks to raise its lagging…
Samsung unveils new foldable phones to challenge Apple’s premium dominance
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, keeping prices around the same level three years in a row as it seeks to challenge Apple’s…
Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) – The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics began on Wednesday in…
Samsung Biologics unveils $920 million manufacturing deals for Pfizer
SEOUL (Reuters) – South Korea’s Samsung Biologics announced on Tuesday two deals with Pfizer worth around a combined 1.2 trillion won ($921.38 million) to manufacture products for the U.S. pharmaceutical giant. The…
Samsung sues Chinese rival over alleged patent violation on iPhone displays
By Hyunjoo Jin SAN FRANCISCO (Reuters) – South Korea’s Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in…
Exclusive-Letter from prison: South Korean chip exec denies stealing Samsung data for China factory
By Heekyong Yang and Ju-min Park SEOUL (Reuters) – A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China…
Samsung SDI, GM to build $3 billion joint EV battery plant in US
SEOUL (Reuters) – Samsung SDI Co Ltd said on Tuesday it will invest $3 billion or more to build a joint venture electric vehicle (EV) plant with General Motors Co in the…
Samsung hit with $303 million jury verdict in computer-memory patent lawsuit
By Blake Brittain (Reuters) – Computer-memory company Netlist Inc convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics Co’s infringement of several patents…
Ferrari partners with Samsung to develop in-car displays
ROME (Reuters) – Italian supercar maker Ferrari said on Tuesday it had signed a deal with Samsung Display to use its organic light-emitting diode (OLED) display panels in future car models. The…
Samsung quarterly profit set to hit 14-year low amid chip glut
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and…
Samsung Electronics to borrow $16 billion from Samsung Display unit
SEOUL (Reuters) – Samsung Electronics plans to borrow 20 trillion won ($15.78 billion) from unit Samsung Display to use as operational funds, the tech giant said in a regulatory filing on Tuesday.…
Samsung loses bid to pause Caltech patent lawsuit over wireless chips
By Blake Brittain (Reuters) – Samsung Electronics Co failed to convince an East Texas federal court on Friday to pause the California Institute of Technology’s high-stakes patent lawsuit against it while it…
Samsung Elec to expand chip production at largest plant next year – media
SEOUL (Reuters) – Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday.…
Samsung boss Jay Y. Lee to build on late father’s legacy
By Joyce Lee SEOUL (Reuters) – As Samsung Electronics’ de facto leader Jay Y. Lee steps up as chairman, daunting tasks await the executive seeking to build on the work of his…
U.S. to probe Samsung, Qualcomm, TSMC over semiconductors, circuits
WASHINGTON (Reuters) – U.S. regulators will investigate units of Samsung, Qualcomm and Taiwan Semiconductor Manufacturing Co. (TSMC) over certain semiconductor devices and integrated circuits and mobile devices using those components, the U.S.…
Samsung gets one-year exemption from new U.S. chip restrictions on China – WSJ
(Reuters) – Samsung Electronics Co has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, the Wall Street Journal reported on…
Chip stocks slide as Samsung, AMD expect steep fall in demand
(Reuters) – Dire forecasts from Samsung Electronics Co Ltd and Advanced Micro Devices Inc sent chip-related shares lower on Friday, sparking fears that a slump in demand for semiconductors could be much…
Samsung to lure 175 million existing India customers with cashback card
By Munsif Vengattil NEW DELHI (Reuters) – Samsung Electronics is targeting repeat purchases from its 175 million customers in India through a new cashback credit card, a senior executive said, a move…
Samsung Elec’s Lee says SoftBank’s Son expected to visit Seoul -media
SEOUL (Reuters) – Samsung Electronics Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp CEO Masayoshi Son is expected to visit Seoul next month, multiple South Korean media reported.…
Samsung CEO seeks ‘common denominator’ in Sino-U.S. chip war
By Joyce Lee PYEONGTAEK, South Korea (Reuters) – Samsung Electronics Co Ltd is seeking a “common denominator” as it navigates restrictions on U.S. tech exports to China where the South Korean firm…
Exclusive-Apple, Samsung could benefit as India aims to speed product safety approvals
By Munsif Vengattil NEW DELHI (Reuters) – India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices, an industry group told Reuters on Friday,…
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