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Samsung is piling up billions in cash to likely make a big acquisition
There has long been speculation about how Samsung would use its more than $60 billion cash reserves. The general perception is that the company would become active in the mergers and acquisitions space to buy some big company. However, Samsung hasn't made any major acquisitions since it bought Harman for $8 billion back in 2017. […]
- By Adnan Farooqui
- 2 months ago
Samsung planning to expand its semiconductor chip factory in Taylor, USA
Samsung plans to expand its semiconductor chip factory in Taylor, Texas, USA. The South Korean firm recently grabbed a deal to supply advanced AI processing chips for a fabless semiconductor chip firm, and this chip plant expansion could be the result of the contract. The company wants to expand its chip production capacity. According to […]
- By Asif Iqbal Shaik
- 5 months ago
Samsung equips Walmart with nearly 1 million rugged phones
Samsung has struck its largest-ever mobile enterprise deal in the USA with Walmart and is equipping the company with 740,000 rugged phones.
- By Mihai Matei
- 3 years ago
Samsung’s contract chip manufacturing business expected to post 10% sales growth
According to a new report out of South Korea, Samsung's foundry business is likely to see sales growth of more than 10 percent this year even though its major client Apple has halted orders. The Korea Economic Daily reported today that sales could cross $4 billion this year, and if that really is the case, […]
- By Adnan Farooqui
- 7 years ago
