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Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.

This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...

Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.

The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...

Due to sluggish demand, Samsung and SK hynix should expect a dismal fourth quarter, according to a study

A report released on Monday indicated that the prospects for the fourth quarter sales of South Korean semiconductor giants Samsung Electronics and SK hynix were bleak due to weak demand for memory chips.

According to a research by Daol Investment and Securities, the world's top make...

A worldwide strategy meeting is being planned for Samsung in light of recent business developments

Despite continuing uncertainty in the macro-economic environment, Samsung Electronics has finished its annual leadership shift and will begin a global strategy meeting this week to establish corporate strategies for coming year.

Samsung's global strategy meeting occurs twice a year,...

Samsung's CEO has been encouraged to diversify senior executives and board members.

Lee Jae-yong, who was promoted from vice chairman to chairman of Samsung Electronics, the crown jewel of Samsung Group, on Oct. 27, faces the daunting task of navigating multiple challenges, including a chip market slump, legal risks, and the search for new growth engines to keep the nation's...

When TSMC is soaring, competitors like Samsung and SK hynix are at a turning point

Samsung Electronics and SK hynix are facing a bleak outlook in terms of their bread-and-butter memory chip businesses as soaring global inflation, the won's fall against the dollar and the ongoing Russia-Ukraine war have dampened demand for IT products using those chips, according to industry...

Remarkable Shares Sold at Samsung Life

Highlights :

$187 million worth shares sold to pay off Tax dues

The seller is no other than the Samsung Welfare Foundation chief Lee Seo-hyun.

Lee Seo-hyun is the youngest daughter of late Samsung tycoon Lee Kun-hee. She is believed...

Car Manufacturing Sales Drop

Highlights:

Global chip shortages continue to affect car production.

The worst chip shortage in decades is experienced currently all around the world. These Semiconductor chips are used in everything: smartphones, smart fridges, computers, and ...

Samsung heir Lee Jae-yong fined heavily for taking propofol shots

Samsung Group heir Lee Jae-yong was fined 70 million for illegally taking shots of propofol. He is accused of taking the anesthetic medication, dozens of times over a period of years. Lee Jae-yong is convicted for violation of the Narcotics Control Act.

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Apple looses share in the second quarter of the year

Highlights

Apple has lost its market in the second quarter of the year
Samsung is still topping the list, while Oppo bags the second position

According to a report by TrendForce, iphone market share fell from second to fourth place g...

APPLE PLANS TO LAUNCH WATCHES THAT COULD MEASURE BLOOD PRESSURE AND WORK AS WRIST THERMOMETER

Highlights

Apple is planning to launch smartwatches with several advanced health features
Apple smartwatches would be capable of measuring blood pressure and will have several fertility features.

Apple which is the manufacturer of iP...

SAMSUNG & KT LAUNCH SOUTH KOREA’S FIRST COMMERCIAL 5G SA NETWORK

Highlights

• After this announcement, these two companies have been prepping up for the 5G SA launch via multiple tests and trials in KT’s major offices and in urban areas

Samsung Electronics and KT Corporation (KT) have jointly launched South Korea’s first co...

WALMART INC. IS GIVING SAMSUNG MOBILES TO 740,000 US STORE WORKERS FOR FREE

Highlights

• The US-based Walmart said over 740,000 workers would be entitled to receive Samsung Galaxy XCover Pro smartphones, cases and protection plans

• Walmart in a blog post said the employees will only be able to access work apps during their shifts, but can u...

SOUTH KOREA AND US TO SURGE ECONOMIC COOPERATION

Highlights:

The first summit between US President Joe Biden and South Korean President Moon Jae-in has proved to be fruitful.
South Korean groups, Samsung, Hyundai Motor, LG, SK are planning to invest 44 trillion won in the United States.&...

S. KOREAN STOCKS END LOW ON MONDAY OVER RISING COVID-19 CASES IN ASIA

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S. Korean stocks end low on Monday over rising COVID-19 cases in Asia.
The benchmark Korea Composite Stock Price Index fell 18.80 points, or 0.6 percent.
Samsung Electronics stocks fell 0.62 percent to 79,600 won.