S. KOREA’S SAMSUNG ELECTRONICS EXPECTS AN OPERATING PROFIT OF $8.2 BILLION IN Q4 2020

Highlights –

• S. Korea’s Samsung electronics expects an operating profit of $8.2 billion in Q4 2020.
• From October-December 2020 Samsung projects sales at 61 trillion won.
• Samsung’s mobile unit is expected to post an operati...

TOSHIBA CORP. TO PULL OUT OF LSI CHIP BUSINESS

Highlights –

• Toshiba Corp. to pull out of LSI chip business.
• Toshiba is currently restructuring its company, offering job relocations and early retirement.
• Toshiba estimated the costs of the early retirement program to be around 11.8 ...

SAMSUNG ELECTRONICS SPENT THE HIGHEST ON R&D – 2019

Highlights –

• Record high amount spent on research and development
• Operating profit and sales fall
• Plans on spending $148 Billion over the next three years

South Korea’s tech giant, Samsung Electronics Co. spent...