South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. The announcement Monday by the Justice Ministry, which came with a year left […]
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Search engine giant Google has teamed up with South Korean electronics manufacturer Samsung to produce a unified platform for their wearables in a bit to challenge Apple’s dominance over the smartwatch market. According to Statista, Apple’s watchOS has garnered up the largest market share among all its competitors since 2018 at 16.2 percent worldwide, in […]
Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Lee is just the latest South Korean corporate boss to run his business from behind […]
South Korean tech giant Samsung announced on Wednesday a partnership with Polish telco Play to conduct 4G and 5G trials in Warsaw. According to a joint statement, Samsung and Play will verify the capability and performance of Samsung’s 4G and 5G network solutions in the trial, which will be carried out in Play’s labs and […]
Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The South Korean tech giant also said its quarterly revenue of 65.39 trillion won ($59 billion) was its highest for the […]
German Deutsche Telekom and South Korean Samsung announced on Wednesday the successful completion of the first 5G Standalone (SA) trial in the city of Pilsen, Czech Republic. The two companies verified the performance of 5G SA Multi-User, Multiple-Input, Multiple-Output (MU-MIMO) technologies, demonstrating three times higher spectrum efficiency compared to LTE, a joint statement said. “Samsung […]
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the current quarter with the coronavirus pandemic eating into global sales of smartphones, […]
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the last quarter likely fell 34% from a year earlier, which would be a smaller-than-expected decline possibly resulting from increased smartphone shipments and gradually stabilizing computer chip prices. The South Korean tech giant estimated an operating profit of 7.1 trillion won […]
Samsung Electronics is ready to launch its latest Family Care service, in support of elderly care, through AI-powered connected devices.
memory chip maker SK Hynix to bring forward by six months the supply of its next-generation high-bandwidth memory chips