Samsung Electronics

Samsung Sees Pandemic-Led Appliances Boom Extending Run to Rest of Year

Reuters | Wednesday May 12, 2021

Coronavirus pandemic-driven boom in home appliance sales will last longer than previously anticipated and extend into the second half of the year, Samsung Electronics’ head of the business said.

Samsung Rides Smartphones, Home Appliances Sale to Post 46.3 Percent Jump in Q1 Profits

Agence France-Presse | Thursday April 29, 2021

Samsung posted a 46.3 percent rise in first-quarter net profits, largely driven by robust sales of its smartphones and home appliances due to continued stay-at-home demand.

Samsung's Lee Family To Pay More Than 12 Trillion Won Inheritance Taxes

World News | Reuters | Wednesday April 28, 2021

The family of deceased Samsung Electronics chairman Lee Kun-hee said on Wednesday it will pay more than 12 trillion won ($10.78 billion) in inheritance taxes for the estate of the late patriarch.

Samsung Says Q1 Profit Likely Rose 44 Percent Due to Sales Surge in Smartphone and TVs, Matching Expectations

Reuters | Thursday April 8, 2021

Samsung Electronics said first-quarter profit likely rose 44 percent, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted US output.

Samsung Warns of Severe Chip Crunch on a Global Level

Sohee Kim, Bloomberg | Wednesday March 17, 2021

Samsung Electronics warned it’s grappling with the fallout from a “serious imbalance” in semiconductors globally, becoming the largest tech giant to voice concerns about chip shortages spreading beyond the automaking industry.

Samsung SDI To Invest $849 Million To Expand EV Battery Plant In Hungary

Reuters | Wednesday February 24, 2021

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungary plant in 2018, producing batteries for 50,000 EVs a year.

Samsung Planning $17 Billion Chip-Making Plant in US

Reuters | Saturday February 6, 2021

Samsung is planning to build a new $17 billion chip plant in Texas in US that could create 1,800 jobs, according to documents filed with Texas state officials.

Samsung Electronics Rides Pandemic-Driven Chip Demand to Report Quarterly Profit Spikes

Agence France-Presse | Thursday January 28, 2021

Samsung Electronics reported fourth-quarter net profits up by more than a quarter year-on-year Thursday, with coronavirus-driven working from home boosting demand for devices powered by its chips.

Samsung Chief Jailed For 2.5 Years Over Corruption Scandal

World News | Reuters | Monday January 18, 2021

A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison on Monday, which could delay the group's ownership restructuring following the death of Lee's father in October.

Samsung Rides Remote Working, TV Watching-Fuelled Chip and Display Sales to Post Q4 Operating Profit

Reuters | Friday January 8, 2021

Samsung Electronics shares jumped after it said its fourth quarter operating profit likely rose 26 percent as coronavirus pandemic-driven remote working and TV-watching fuelled sales of chips and display panels.

Samsung Extends South Korea LCD Production for Indefinite Period

Reuters | Tuesday December 29, 2020

Samsung Electronics said it will extend production of LCD panels for TVs and monitors, as stay-at-home trends of the coronavirus pandemic created an uptick in demand.

Samsung Electronics Chairman Lee Kun-hee Dies at 78

Reuters | Sunday October 25, 2020

Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said. Under Lee's leadership, Samsung rose to become the world's largest producer of smartphones and memory chips, and the firm's overall turnover today is equivalent to a fifth of South Korea's GDP.

Samsung Chairman Lee Kun-Hee Dies At 78

World News | Agence France-Presse | Sunday October 25, 2020

Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said.

Intel to Sell NAND Flash Memory Business to SK Hynix for $9 Billion

Agence France-Presse | Tuesday October 20, 2020

The world's second-largest chipmaker, South Korea's SK Hynix, on Tuesday announced a $9 billion (roughly Rs. 66,000 crores) deal to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.

Samsung Signs Verizon as First US Customer for Indoor 5G Gear

Reuters | Friday September 25, 2020

Samsung Electronics has signed up Verizon as its first customer in the United States for its 5G products to increase indoor coverage, weeks after winning a $6.64 billion order for telecom equipment from the mobile network operator.