Samsung


Smartphones, high-end consumer goods boost Samsung results

Smartphone, high-end consumer goods boost Samsung results

(ATF) Samsung Electronics has reported an expected 44% rise in first-quarter profit on strong sales of smartphones and home appliances. The South Korean giant's upbeat earnings forecast came a day after rival LG Electronics announced it would quit the smartphone business.Operating profit reached 9.3 trillion won ($8.2 billion) in the …

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Korea's LG to be first big smartphone brand to withdraw from market

Korea's LG to be first big smartphone brand to withdraw from market

(ATF) South Korea's LG Electronics plans to wind down its loss-making mobile division after failing to find a buyer – the first major smartphone brand to completely withdraw from the market.Analysts says the decision will leave its 10% share of North American market, where it is the third most-popular brand, …

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Fridge-makers feeling the chill of worldwide microchip shortage 

Fridge-makers feeling the chill of worldwide microchip shortage 

The global shortage of chips that has halted car production lines and hit stockpiles at gadget makers is now hampering home appliance makers.US-based Whirlpool, one of the world's largest white goods firm, saw chip deliveries fall short of its orders by about 10% in March, Jason Ai, the firm’s president …

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South Korean companies plug into big plans for electric vehicles

South Korean companies plug into big plans for electric vehicles

(ATF) South Korean manufacturers plunged into electric vehicle (EV) development this week as Samsung SDI said it would invest $850 million to expand its battery factory in Hungary and Hyundai Motor launched a new model in a bid to capture 10% of global sales by 2025.Samsung SDI, an affiliate of …

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Samsung shares slump as Lee heads back to jail

Samsung shares slump as boss heads back to jail

(ATF) Shares of Samsung Electronics and its subsidiaries fell at least 4% on Monday (Jan 18) after a South Korean court sent its vice-chairman Jay Y Lee back to prison for bribery, embezzlement and concealment of criminal proceeds. The verdict is expected to have a big impact on his leadership …

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Tata plans to build on Apple business 

Apple, Tata join hands to boost handset production

(ATF) India's Tata Group is pivoting to phone components with a new plant that could build on business from Apple to win market share from China. Tata is setting up a globally scalable mobile phone and component contract manufacturing plant in India that will start by making iPhone parts, according …

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Chinese phone makers line up for new Snapdragon 888 chip

Chinese phone makers line up for new Snapdragon 888 chip

(ATF) Qualcomm has launched its latest 5G flagship mobile platform chip, the "Snapdragon 888", which was officially unveiled at the 2020 Snapdragon Technology Summit this week. The new chip has been met with great acclaim by Chinese phone brands, except Huawei, which is not permitted to use it. As Qualcomm’s …

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Huawei knocked off top spot, Xiaomi beats Apple in handset sales

Huawei knocked off top spot, Xiaomi beats Apple in handset sales

(ATF) As the global smartphone market begins to recover, Samsung has become the number-1 brand, but Chinese manufacturers – led by Huawei and Xiaomi – are still taking a big chunk of the pie. Huawei has slipped to second place, while Xiaomi has risen to third spot, ahead of Apple. …

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Samsung shares rise after Lee's death sparks hope of shake-up

Samsung shares rise after Lee's death sparks hope of shake-up

Shares in Samsung Electronics and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said.Investors were betting that such measures would be needed to pay a hefty inheritance tax, estimated around 10 trillion won ($8.9 billion) for …

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Lee Kun-hee, the 'hermit king' of the Samsung empire 

Lee Kun-hee: 'Hermit king' of the Samsung empire

South Korea's richest and most powerful industrialist, Lee Kun-hee, turned Samsung Electronics into one of the world's biggest tech companies but lived a reclusive existence.Still, occasional pronouncements on business by the tycoon, who died at 78 on Sunday, reverberated through the country.When he inherited the chairmanship of the Samsung group …

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