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.
Huawei controversy opens field for 5G challengers, including Japan's NEC
Washington has pushed allies to bar Huawei from building next-generation 5G mobile networks, claiming its equipment can be used to spy for Beijing.
Samsung heir Lee Jae-yong avoids arrest over controversial merger
A South Korean court on Tuesday declined to issue an arrest warrant for the heir to the country's Samsung empire over a controversial merger of two business units seen as a key step to his succession. Lee Jae-yong, vice chairman of Samsung Electronics, is already ...
South Korea seeks arrest of Samsung heir in succession probe
South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells fresh trouble ...
Samsung estimates 2.7% rise in first-quarter operating profit
Samsung Electronics' operating profits inched up 2.7 percent in the first quarter, the world's biggest manufacturer of smartphones and memory chips estimated Tuesday. Operating profit during the January-March period was expected to be around 6.4 trillion won (¥570 billion; $5.2 billion), up 2.7 percent from ...
The transformation of Samsung, from ridiculed 'Sam-suck' to top Apple rival
Military-style management and an unquestioning reverence for the founding Lee family have fueled Samsung's transition from the world's most ridiculed phone-maker to its biggest, says the author of a new book. Today Samsung — by far South Korea's most powerful conglomerate, with more than 50 ...
Huawei launches Mate XS foldable smartphone with better screen
Huawei unveiled an upgrade to its folding smartphone on Monday, hoping that a faster phone with higher-quality display will encourage consumers to spend as much as $2,700 for the top-of-the-range version. The new Mate XS arrives a year after the Chinese tech giant showed off ...
In South Korea's deadly shipyards, subcontracted workers most at risk
Park Chol-hee was working a holiday shift at Samsung Heavy Industries' Geoje shipyard on Labor Day in 2017 when a giant crane collided with another and crashed to ground, killing six people, including Park's younger brother. "It was as if a bomb was dropped," Park ...
Samsung Display Co. plans to spend 13.1 trillion won ($11 billion) developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals. In an announcement event attended by South Korean President Moon Jae-in and Samsung Electronics Co. Vice-Chairman ...
Huawei promises smartest 5G phone but who will be brave enough to buy?
Huawei launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect. The Chinese telecom giant ...
Japan's curbs on high-tech materials exports to South Korea could backfire in long run
Japan's curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts have said. Japan tightened restrictions last month on exports of three chipmaking materials ...
