USA

Texas city to provide Samsung large property tax breaks to build $17 billion chip plant

Editorial Bureau September 6, 2021

The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant – aims to offer extensive property tax breaks if it is chosen by the South Korean tech giant. Taylor is competing with Austin, Texas to land the

Tech

Samsung’s leader Jay Y Lee walks out of jail on parole

Editorial Bureau August 13, 2021

UIWANG (SOUTH KOREA) -Samsung Electronics Vice Chairman Jay Y Lee, convicted of bribery and embezzlement, stepped out of prison on parole on Friday, with South Korea’s president calling on the public for understanding over his controversial release. Broad support for his parole grew amid anxiety that major strategic decisions are not being made at the […]

Tech

Samsung raises its chip investment raised to $151 billion

Editorial Bureau May 13, 2021

SEOUL (SOUTH KOREA) – Samsung Electronics Co Ltd has informed that it would make an investment of 171 trillion won ($151.10 billion) in non-memory chips through 2030. It raised its previous investment target of 133 trillion won, which was declared in 2019. Samsung competes with bigger rivals Taiwan’s TSMC in contract chip manufacturing and Qualcomm […]

Uncategorized

Nokia ends patent fight with Lenovo

Editorial Bureau April 7, 2021

STOCKHOLM (SWEDEN) – Finland’s Nokia has come to an agreement with regard to a multi-year patent fight with China’s Lenovo Group. It has resolved all pending litigation across all jurisdictions, the companies said on Wednesday. While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish

Business

Samsung mulls over Austin for $17 billion chip plant – documents

Editorial Bureau February 5, 2021

TEXAS (US) – Samsung Electronics Co Ltd is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials. The tech giant is seeking combined tax abatements of $805.5 million over 20 years […]

Business

Jay Lee of Samsung to face sentencing on bribery charge

Editorial Bureau January 17, 2021

SEOUL (SOUTH KOREA) – For several years, legal issues have overshadowed Samsung Electronics Vice Chairman Jay Y. Lee when he was all set to step out of his father’s shadow and make a name for himself as the head of the tech behemoth. He will face sentencing on a bribery charge on Monday, which could […]

Tech

Flagship phone may be launched early by Samsung, say sources

Editorial Bureau November 9, 2020

SEOUL (KOREA) – Samsung Electronics Co Ltd may launch its flagship Galaxy S smartphones more than a month earlier than expected. This has been aimed at grabbing market share from Huawei so as to ward off competition from Apple Inc, according to three sources familiar with the matter said. South Korean chip industry officials hope […]

Tech

Lee Kun-hee, titan behind making Samsung a global powerhouse, passes away

Editorial Bureau October 25, 2020

SEOUL (KOREA) – Lee Kun-hee, who built Samsung Electronics, with regard to smartphones, semiconductors and televisions, passed away on Sunday. The company said that he had spent more than six years in hospital following a heart attack. Lee, who was 78, grew the Samsung Group into South Korea’s biggest conglomerate and became the country’s richest […]

Tech

Samsung witnesses a surge in Q-3 profit

Editorial Bureau October 7, 2020

SEOUL (KOREA) – Samsung Electronics Co Ltd’s September-quarter profit likely increased more than a third, triggered by sales of strong smartphone and a slew of order for memory chips from Huawei Technologies Co Ltd, analysts said. Samsung is likely to announce preliminary July-September operating profit and revenue on Thursday. Profit likely rose 35% to 10.5

Asia

Huawei surpasses Samsung to be top handset maker

Editorial Bureau July 30, 2020

SHENZHEN (CHINA) – China’s Huawei Technologies attained the title of biggest smartphone seller from Samsung Electronics in the second quarter. According to data from research firm Canalys, Huawei shipped 55.8 million devices in the April-June period, surpassing Samsung’s 53.7 million. The Chinese company has been put under pressure following US sanctions