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By Claire LEE SEOUL, June 7, 2024 (AFP) – Workers at tech giant Samsung Electronics in South Korea staged the first strike at the company on Friday, the head of a major union representing tens of thousands of people told AFP. Samsung Electronics is one of the world’s largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders […]
By Kang Jin-kyu and Hieun Shin SEOUL, May 29, 2024 (AFP) – A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains. A spokesperson said union members, around 20 percent of the company workforce, would use annual leave to strike for one day on June 7, leaving the door […]
By Glenn CHAPMAN SAN JOSÉ, United States, Jan 17, 2024 (AFP) – Samsung on Wednesday released its latest Galaxy smartphones with new artificial intelligence features as the South Korean giant seeks to win back its spot as the world’s biggest phone seller from Apple. “Artificial Intelligence will bring about great change in the mobile industry,” Samsung president T.M. Roh said as he kicked off an event in a sports center in the Silicon Valley city […]
SAN FRANCISCO, Jan 16, 2024 (AFP) – Apple’s iPhone for the first time became the world’s biggest selling smartphone after rival Samsung’s 12-year run as leader, data showed. According to data from the International Data Corporation released on Monday, the iPhone stole Samsung’s crown in 2023 with 234.6 million units sold, compared to the South Korean firm’s 226.6 million units. The US tech giant commanded a 20.1 percent market share ahead of Samsung’s 19.4 percent, […]
South Korean smartphone giant Samsung Electronics will roll out a real-time translation service on calls using AI technology next year, a company representative told AFP on Friday. Samsung is the world’s largest smartphone maker accounting for a fifth of global sales between July and September, as Apple trails in second with 16 percent of the market, according to market tracker Counterpoint. The new real-time translation feature will be incorporated into Samsung’s new Galaxy flagship model, […]
By Kang Jin-kyu SEOUL, Oct 31, 2023 (AFP) – South Korea’s Samsung Electronics said Tuesday that its operating profits for the July to September period were down nearly 80 percent, but forecast that a prolonged slump in the memory chip market was coming to an end. The firm is the flagship subsidiary of Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy. Samsung announced third-quarter operating profits […]
SEOUL, South Korea (AFP) — Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy. Operating profit from the April to June period was 668.5 billion won ($525.3 million), down from 14.1 trillion […]
SEOUL, June 13, 2023 (AFP) – South Korea has charged a former Samsung executive accused of stealing company secrets worth hundreds of millions of dollars to set up a copycat chip factory in China, prosecutors told AFP on Tuesday. Semiconductors have become a flashpoint issue between the United States and China, which are locked in a fierce battle over access to chip-making technology and supplies. South Korean prosecutors said the 65-year-old former Samsung employee allegedly […]
Seoul, South Korea | AFP | by Kang Jin-kyu The once-disgraced heir to the sprawling Samsung empire was on Thursday named top executive of its most important business, two months after South Korea’s president pardoned him for embezzlement and corruption convictions. The board of Samsung Electronics, one of the world’s biggest smartphone and chipmakers, confirmed Lee Jae-yong’s formal ascent — though he had already been de facto leader since his father’s heart attack in […]
SEOUL, South Korea (AFP) — The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea’s long tradition of freeing business leaders convicted of corruption on economic grounds. Billionaire Lee Jae-yong, who was convicted of bribery and embezzlement in January last year, will be “reinstated” to give him a chance to “contribute to overcoming the economic crisis” of the country, Justice Minister Han Dong-hoon said. Lee […]
SEOUL, South Korea (AFP) — South Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales. The world’s biggest memory-chip maker is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled empires known as chaebols that dominate business in South Korea, Asia’s fourth largest economy. The conglomerate is crucial to the South’s […]
SEOUL, South Korea (AFP) — The de-facto leader of the sprawling Samsung group Lee Jae-yong went on trial Tuesday on charges of illegally using the anaesthetic propofol, the latest legal travail to beset the multi-billionaire. Lee — the vice-chairman of the world’s biggest smartphone maker Samsung Electronics and according to Forbes the world’s 297th richest person — is accused of having repeatedly taken it at a plastic surgery clinic in Seoul in 2017 and 2018. […]
