Texas put up millions to lure a Samsung plant and won. Will it pay off?
Research suggests projects don’t always deliver, despite the eye-popping numbers in pitch decks and the politicians racing around to take credit for delivering jobs.
Samsung reports 28% jump in profit despite supply chain woes
Operating profits generated from its semiconductor business accounted for over 60% of the total, illustrating the major role the division plays to the sprawling group.
The de facto leader's release is the latest instance of South Korea's long tradition of freeing business leaders imprisoned for corruption or tax evasion on economic grounds.
Japan Display, a fading iPhone LCD screen-maker, pivots to virtual reality
The Tokyo-based LCD specialist expects its favored display technology to become the standard for VR because it can achieve higher resolution than OLED.
Samsung boss could be set free by one of his biggest critics, Moon Jae-in
The dramatic reversal reflects South Korea’s claustrophobic politics, where government leaders and big business are so dependent on each other that favoritism can trump the law.
Decarbonization drive creates supply chain challenges for corporate Japan
Gone are the days when Japan was dominant in semiconductor and battery production, industries that are increasingly relevant in the modern world.
South Korea unveils $450 billion push to seize global chipmaking crown
Samsung Electronics and SK Hynix will lead more than 510 trillion won of investment in semiconductor research and production in the years to 2030 under a national blueprint devised by Moon.
Samsung windfall gives richest South Korean woman $7 billion fortune
Hong Ra-hee boosted her fortune after receiving billions of dollars in stocks in the much-awaited transfer of her husband’s assets.
Global chip shortage hits Apple, BMW and Ford as crisis worsens
The shortfall of critically needed parts has forced the auto industry to cut output, leaving thin inventories at dealerships just as consumers emerge from COVID-19 lockdowns.
Samsung unveils next-gen memory for data-hungry AI and computers
DDR5 memory will be twice as fast as the current DDR4 while reducing leakage and using about 13% less power, the company wrote in its announcement.
Samsung reports profitable quarter but warns of weaker outlook
Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profits will ease amid intensifying competition and weakening demand. The world’s largest maker of memory chips and personal electronics said net ...
Lee Kun-hee, who transformed Samsung Electronics, dies at 78
Lee built the company into the electronics powerhouse of today, becoming synonymous with the rise of South Korea on a global economic stage.
