SEOUL, Oct. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips, will build next-generation artificial intelligence (AI) chiplets for the computing startup Tenstorrent, the Canadian company has said. Tenstorrent has said it has selected Samsung’s Foundry Design Service team to manufacture its chiplets, which can be used for a wide [...]
SEOUL, Oct. 3 (Korea Bizwire) – While ‘social distancing’ was the dominant trend during the COVID-19 pandemic, with the pandemic now behind us, there’s a rising interest in ‘on-the-go’ items as more people embark on camping trips and road journeys. During the pandemic, the electronics industry introduced products tailored to the behavioral patterns and routines of [...]
SEOUL, Sept. 28 (Korea Bizwire) – Samsung Engineering announced on Wednesday that it had received a $19.5 million FEED (Front End Engineering Design) contract for a petrochemical plant in Saudi Arabia. The project, commissioned by Alujain National Industrial Co., involves the basic design of a propane dehydrogenation (PDH) plant with an annual capacity of 600,000 tons [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung Electronics has achieved a groundbreaking milestone by successfully developing a Low Power Compression Attached Memory Module (LPCAMM), a next-generation memory solution based on low-consumption DRAM technology. This achievement is poised to reshape the landscape of the next-generation PC market, including notebooks and mini-PCs, due to its remarkable potential for [...]
SEOUL, Sept. 25 (Korea Bizwire) — U.S. wireless chipmaker Broadcom Inc. said Monday it plans to seek an appeal against the South Korean regulator’s decision to slap a 19.1 billion-won (US$14.3 million) fine for its unfair business practices against Samsung Electronics Co. In a statement, Broadcom said it was “disappointed” over the Fair Trade Commission’s (FTC) decision, [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s major companies performed far worse than their U.S. counterparts in the first half of 2023 due to the sluggish chip and energy sectors amid a global economic slowdown, a report showed Monday. South Korea’s top 100 nonfinancial firms listed on the main local bourse saw their combined [...]
SEOUL, Sept. 20 (Korea Bizwire) – The Samsung Guide Dog School (SGDS) is celebrating its 30th anniversary. It was started by the late Samsung Electronics Chairman Lee Kun-hee, who was a dog lover. Over the past 30 years, SGDS has increased awareness about disabilities and guide dogs and has become an important part of Samsung’s charitable [...]
SEOUL, Sept. 14 (Korea Bizwire) — A video has gone viral featuring South Korean football star Son Heung-min, currently playing for the Premier League club Tottenham Hotspur, refusing to hold a fan’s iPhone for a selfie. Son now serves as a PR ambassador for Samsung Electronics’ Galaxy brand, a rival to Apple’s tech products. Although he [...]
VATICAN/SEOUL, Sept. 14 (Korea Bizwire) — Samsung Electronics Co. has finished installing four LED billboards at St. Peter’s Square in the Vatican, where the Pope gives his weekly address. Samsung’s billboards became operational in time for the Papal Audience, the general audience session held every Wednesday morning for Catholic followers and tourists visiting the revered [...]
SEOUL, Sept. 14 (Korea Bizwire) — Among South Korea’s top 500 listed companies, 10 firms, including Hyundai Mobis, SK Telecom, Korea Zinc and Shinsegae, have been profitable for 94 consecutive quarters. However, among the companies that have sustained long-term profitability, several have slipped to losses due to the global economic downturn and the semiconductor market slowdown, [...]