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Samsung has denied that it’s making additional investments to increase chip production in the United States. Local media reports had suggested that the company was considering this since South Korea’s trade row with Japan is threatening its business. Samsung was reportedly thinking about increasing chip production in the United States. Samsung already runs a foundry […]
Quoting Samsung vice president Ji Hyun-ki, China’s official Xinhua news agency reported on Friday that the Korean company would invest more than $14 billion in its NAND plant in Xian, China. Samsung has, however, denied this report in a statement to Reuters. The Korean tech giant is not outright rejecting the possibility of any investment […]
Samsung grabbed headlines in the cryptocurrency space last week when news reports emerged that the company is going to accept cryptocurrency for in-store purchases in the Baltic states. The news created a lot of buzz in the crypto community battered by the recent slump in the market. Many major crypto websites picked up the story […]
It was first reported a couple of months back that old iPhones with low-capacity batteries were slowing down. Apple eventually confirmed that it does slow down older iPhones that have naturally degraded batteries. The company has taken a lot of flak for this decision and even though it has since apologized, it’s now having to […]
It was reported earlier today that Samsung is going to extend its production facilities for 3D NAND flash memories by investing a few billion dollars in new production lines at its facilities in Hwasung. It was said that Samsung is taking this step to solidify its position in the memory market by increasing production capacity starting […]
It’s hard to believe that Samsung would actually have to pay people to attend a launch event for its flagship smartphones but that’s what a report out of Shanghai is claiming. According to the report Samsung paid 500 people to attend its launch event for the Galaxy S6 and the Galaxy S6 edge in China, […]
The latest instalment in the Apple Samsung trial sees the South Korean manufacturer stating that it did not copy any iPhone features, and that its marketing efforts were what led to the success of the Galaxy series of handsets. Samsung America’s marketing chief Todd Pendleton took to the witness stand to state that branding was […]
Not so surprising isn’t it? After the Galaxy S IV report that spread faster than a wildfire, Samsung via their Twitter account decided to clear the air. Samsung dismisses by saying the Galaxy S IV rumor is “simply not true.” The report claimed Samsung to reveal the Galaxy S IV at Mobile World Congress in […]
Samsung has confirmed to Reuters that they’re not interested in buying the Finnish giant. Samsung said the reports surfaced last week were “purely speculative and are not true.” Last week, Finnish site, kauppalehti.ff claimed Samsung to acquire Nokia for 4EUR/share which translates to around 15 billion euro. Samsung’s confirmation has sent Nokia stock prices down […]
We publish a lot of stories on a daily basis. Unfortunately, the majority of news breaks during our European hours of operation, which makes it difficult for our readers in the US (and other regions) to keep up. However, we think we’ve come up with a fantastic solution — a daily recap. Here’s what we covered today. Phones […]
Samsung Group heir Lee Jae-yong has been questioned behind closed doors today by a South Korean judge during the hearing for his arrest warrant that has been sought by the country’s special prosecutor in connection with the influence-peddling scandal that has led to the impeachment of President Park Geun-hye. The hearing lasted almost four hours […]
Samsung’s mobile division is the Samsung Group’s cash cow as it accounts for nearly 70 percent of the conglomerate’s revenues which is why people who work in this division are often envied by their colleagues in other Samsung divisions. They were the ones who usually got hefty salaries and bonuses as the Group handsomely rewarded […]