SAMSUNG ELECTRONICS CO LTD
Samsung Electronics appoints mobile chief as interim head of consumer and smartphone division
Samsung Electronics has appointed Roh Tae-moon as acting head of its consumer and smartphone business following the death of his predecessor, Han Jong-Hee. Roh, who has led Samsung's mobile division since 2020, will now oversee the TV, home appliance, and smartphone businesses within the DX division.
XLRI completes final placements with median salary of Rs 29 lakh, top salary of Rs 1.1 crore
XLRI successfully concluded its Final Placements for the PGDM 2023-25 batch with a median salary of Rs 29 lakh. Despite market challenges, the highest international offer reached Rs 1.1 crore. Top recruiters were from consulting, BFSI, and sales & marketing domains, with 41 new recruiters participating.
Samsung TV pioneer Han Jong-hee dead at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP. "He died from cardiac arrest today," a Samsung spokesperson said, adding that Han was survived by his wife and three children. Han was credited by the company with taking Samsung televisions "to the pinnacle of the global market" -- and keeping them there.
Samsung Electronics says co-CEO Han Jong-hee has died of cardiac arrest
Samsung Electronics Co-CEO Han Jong-hee died Tuesday from cardiac arrest. He was 63. Han led the company's consumer electronics and mobile devices division. Co-CEO Jun Young-hyun manages Samsung's chip business.
AI chip startup FuriosaAI rejects Meta’s $800 million offer
Korean chip startup FuriosaAI turned down an $800 million acquisition offer from Meta, opting to remain independent. The company, led by June Paik, develops AI inference semiconductors and is set to close a successful Series C funding round. FuriosaAI's latest chip, RNGD, competes with industry leaders like Nvidia.
Heading to London? Keep a firm grip on your mobile phone
London has become Europe's mobile-phone theft capital, with 70,095 recorded thefts in a year, fueled by the use of electric bikes. Despite a recent police crackdown resulting in numerous arrests, the trend persists, highlighting the need for public vigilance and improved anti-theft measures by technology companies.
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Asian equities advance as Fed calms tariff nerves
Australian and South Korean shares gained with US futures after the S&P 500 climbed 1.1% and the Nasdaq 100 rose 1.3%. Hong Kong contracts were little changed following a drop in US-listed Chinese stocks in a sign China’s outperformance against US equities this year may be faltering. Japanese markets are shut for a holiday, meaning there’s no trading of cash Treasuries in Asia.
Samsung CEO says company considering deals as it struggles for growth
Samsung Electronics aims to drive growth amid tough questions from shareholders over its recent performance. Challenges include lagging rivals in advanced memory chips and manufacturing, causing weak earnings and share prices. The company plans meaningful mergers and acquisitions and innovations to regain technological edge and market share.
LG Electronics IPO: Season 2 of K-drama unfolds amid market slump
LG Electronics India has received SEBI approval for an IPO worth about Rs 15,000 crore. This move comes during a challenging period for the Indian market. Despite the current market slump, the company aims to boost its presence and valuation. The IPO could become one of India's largest, potentially raising $1 billion to $1.5 billion.
Largest batch of 595 students at IIM Bangalore receive 650+ offers; management consulting accounts for 41%
IIM Bangalore has successfully concluded placements for its largest batch of 595 students, securing roles across 176 firms. Top sectors include management consulting, technology/product management, and investment banking, with significant participation from companies like Accenture Strategy, Boston Consulting Group, and McKinsey & Company.
Google is poised to acquire eye-tracking startup for future glasses
The technology giant intends to buy the Canadian startup for $115 million, according to people with knowledge of the matter. That includes $15 million in future payments that will hinge on AdHawk reaching performance targets.
AI-enabled products, exports & aggressive pricing boost Samsung & LG’s India sales by 10 per cent in 2024
Aggressive pricing, AI-enabled products, and export strategies have driven Samsung and LG's financial performance in India to see over 10% yoy sales growth in 2024. Both companies reported significant profit increases, despite India's subdued electronics market due to high inflation impacting consumer spending.
India mulls $1 billion subsidy plan to boost solar manufacturing
India is finalizing a $1 billion plan to support its solar manufacturing industry, aiming to reduce reliance on China and boost domestic production of wafers and ingots. The subsidies are expected to mirror the success seen in India’s mobile-phone manufacturing sector with companies like Apple and Samsung.
Lam Research unveils two new chipmaking tools for AI chips
Lam competes with other major suppliers of wafer fabrication equipment, which are sophisticated and expensive tools to make chips, including Applied Materials, Dutch firm ASML and KLA Corp. The company's customers include firms such as Micron Technology, Samsung Electronics and Taiwan Semiconductor Manufacturing Co (TSMC).
iPhone parts maker Murata eyes supply chain shifts toward India
Murata Manufacturing Co., a key supplier of iPhone components, is considering shifting some production to India as part of a broader global supply chain realignment. With rising demand in India and customer requests for overseas production, Murata is evaluating increased investment in the country.
If you hear Trump, reciprocal tariffs are a breeze, but they aren't
US President Donald Trump has announced reciprocal tariffs on imports, which aim to match the tariffs imposed by other countries on American goods. While the tariffs will not be implemented immediately, the process involves examining tariff rates for each country, highlighting potential complexities and substantial impacts on US consumers and businesses.
Trump announces reciprocal tariffs, says India has more tariffs than any other country
US President Donald Trump announced plans for "reciprocal tariffs" targeting both allies and competitors, escalating global trade tensions. He criticized allies as being "worse than enemies" on trade and stated that the tariffs would be tailored to each trading partner, factoring in elements like value-added tax (VAT).
Electronics companies tap global talent to power up India's component show
Dixon Technologies is actively recruiting senior talent from markets like Taiwan, Japan, Mexico, and Europe as they expand into component production. Companies like Tata Electronics and Zetwerk are also seeking experienced individuals to strengthen their leadership teams amidst a significant talent shortage. The high demand has led to substantial salary increases for leadership roles in the industry.
Apple may unveil long-anticipated overhaul of iPhone SE as early as next week
Apple is unlikely to hold a launch event for the device, opting to reveal it on its website instead, said the people, who asked not to be identified because the plans are private.
Asian equities fall as Samsung, SK Hynix weigh
A gauge of Asian shares fell after two daily advances, and despite gains for Australian equities. Markets in mainland China, Hong Kong and Taiwan remain closed for the Lunar New Year holiday. SK Hynix Inc. and Samsung Electronics Co. fell, weighing on Korea’s Kospi.
Trump tariffs on chips and drugs would hit U.S. allies in Asia
U.S. President Donald Trump plans to introduce tariffs on imported computer chips, pharmaceuticals, and steel to encourage domestic manufacturing. This move targets major manufacturing hubs in Asia, including Taiwan, South Korea, and Japan. Chip exports, especially from South Korea and Taiwan, are significant, and Japan's pharmaceutical exports to the U.S. could also be impacted.
Zetwerk appoints three industry veterans to drive growth in electronics manufacturing
Zetwerk has made significant investments in its electronics manufacturing services (EMS) business, including a management takeover of two advanced manufacturing facilities in Noida and a commitment of Rs 1,000 crore to expand its electronics division.
Samsung S25 series India prices start at Rs 80,999; preorders begin on January 23
Samsung launches its Galaxy S25 series with prices ranging from Rs80,999 to Rs165,999, and will produce them locally in India. Pre-orders start January 23, offering various benefits. The S25 series, powered by the Snapdragon® 8 Elite chipset, promises significant performance improvements and advanced AI features, making it a personalized and privacy-focused experience.
Samsung to locally manufacture S25 series of AI smartphones in Noida plant
Samsung Electronics announced it would manufacture its latest Galaxy S25 series smartphones locally at its Noida facility in India. Indian engineers played a significant role in the development of the S25 series' AI features. The S25 series, equipped with the powerful Snapdragon® 8 Elite chipset, aims to enhance user experience with improved performance and AI capabilities.
Delhi High Court upholds ITAT order, rejects income tax petitions against Samsung
The Delhi High Court has ruled that Samsung Electronics Co's subsidiary in India does not have a fixed place permanent establishment and cannot be taxed by Indian authorities. The court upheld the Income Tax Appellate Tribunal's decision, stating that seconded employees were placed to facilitate Samsung India Electronics' activities and not the global enterprise of Samsung Korea.
Samsung Electronics flags 53% jump in Q2 profit, tops estimates
The preliminary result is up 33% from the first quarter and underscores the soaring demand for chips that has depleted stockpiles amid a pandemic-led consumer appetite for electronics and recovering investment in data centres.
Samsung wins $6.6 billion Verizon contract for 5G network, according to corporate filing
Samsung Electronics Co.will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday.
Samsung heir returned to prosecutors for 2nd Day
The probe could eventually interfere with the son’s ability to take full control of the group after his father formally steps down.
Samsung develops new, faster computer memory module
Samsung Electronics Co, the world's top computer memory maker, said today that it has developed a new computer memory module that reads and writes data at a speed twice as fast as previous devices.
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