Tech giant in danger of losing No. 1 stockholder position of Kakao Bank

Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, announced Monday that it would supply high-performance substrates for hyper-scale data centers to AMD, the US chip design firm. According to the company, the flip chip ball grid array (FCBGA) substrate offers larger surface areas and higher layer counts for dense interconnections, which means better o...

Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech giant, leading in mobile devices and semiconductors, announced Thursday its acquisition of Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. It is the first time...

Following the mass global tech outage linked to Microsoft that disrupted critical public services and grounded planes, 10 companies affected in Korea have restored their operations or are on their way to recovery, said industry officials on Sunday. A faulty update from cybersecurity company CrowdStrike was released worldwide to Microsoft's Windows operating systems on Friday, resulting in “blue ...

Preorders for Samsung Electronics’ new foldable smartphones have topped 910,000 units in South Korea, a decline from 1.02 million preorders for their predecessors last year, according to the tech giant on Friday. Ahead of the official release of the Galaxy Z Flip6 and Fold6 on July 24, Samsung accepted preorders for the new phones for a week until Thursday in Korea. Despite a nearly 10 percent ...

LG Electronics said Thursday it has set its goal to achieve over 1 trillion won ($724 million) in sales in smart factory solutions business by 2030, by integrating artificial intelligence and digital transformation technologies and manufacturing and production data. “Despite it being the inaugural year of operation, substantial progress has already been made,” Song Si-yong, LG PRI’s smart factor...

US tech giant Google has recently discontinued offering real-time popular searches in Korea, a feature long banned by its Korean rivals such as Naver and Daum due to the possibility of manipulating public opinion. “We have decided to remove the feature from Google Search in Korea. The feature is no longer available here,” Google Korea said in a statement Wednesday. No further elaboration on the ...

LG Electronics said Monday it has opened a new research lab in Frankfurt, Germany dedicated to developing its heating, ventilation and air conditioning (HVAC) technologies, with a focus on providing practical air solutions for the European market. The Frankfurt facility, covering around 1,000 square meters, is the third of its kind, following branches in Changwon, Korea and Atlanta, the US. Its ...

Sales of the Galaxy Z 6 series are anticipated to surpass 10 million units, the previous model's estimate. Sales of Samsung's latest foldable phones are expected to increase by 30 percent compared to their predecessors, the Flip5 and Fold5, the report showed. In the January-March period, the global foldable smartphone market grew 49 percent from a year earlier. Huawei's market share more than do...

Samsung Electronics Chairman Lee Jae-yong inspected Indian operations in Mumbai over the weekend, following his attendance at the wedding of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, according to the Korean tech giant Sunday. “Let’s make history with a fierce competitive spirit and urgency,” Lee was quoted as saying during his meeting with local employees. Hi...

Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company said Friday. Element Biosciences, established in 2017 in San Diego, is a life science company that developed the disruptive DNA sequencing and multi-omics technology that boasts the industry's "top l...

A big improvement to the horizontally folding Galaxy Z Fold6 is its portability. When folded, it is only 12.1 millimeters thick, 1.3 millimeters slimmer than its predecessor. It weighs 253 grams, which is just 7 grams more than the Galaxy S24 Ultra. The Galaxy Z Flip6 and Z Fold6 will be released in Korea on July 24, with preorders starting this Friday. The price of the Z Flip6 ranges between 1...

LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip to Seoul, Amon met with Cho at the LG Electronics headquarters in Yeouido, Seoul. The two companies ...

Tech giant holds unveiling event at Louvre to fuel Olympics fever

LG Chem has pledged to increase humanitarian support for villagers affected by the 2020 gas leak accident at its Indian subsidiary LG Polymers. According to the company on Wednesday, its top executives, including Vice Chairman and CEO Shin Hak-cheol and Chief Financial Officer Cha Dong-seok, visited Andhra Pradesh, a southern coastal state of India, on Tuesday to meet with the state’s Chief Mini...