Latest Business news

Two former Ericsson executives join Samsung Networks

The latest information from Business Korea confirms that Samsung Electronics has hired two former Ericsson executives. Samsung has taken this move to expand its telecommunications equipment business by bringing on board the experience of the two former Ericsson executives. Henrik Jansson, formerly the strategic sourcing manager for Ericsson, has been named to lead the Strategy Task […]

By Sagar Naresh
2 days ago

Samsung completes Life Cycle Assessment (LCA) on product carbon footprint for semiconductors

The world leader in semiconductor technology, Samsung Electronics, has recently announced the completion of the Life Cycle Assessment (LCA) on the product carbon footprint for its semiconductors. It has also received certification from DNV, which is one of the world’s leading independent certification bodies. LCA measures the environmental impacts of commercial products, processes, or services […]

By Sagar Naresh
2 days ago

Samsung Pay is becoming Samsung Wallet in India tomorrow

Samsung has its own mobile payment solution—Samsung Pay—and its in-house password management app, Samsung Pass. Last year, the company announced that it would merge those two services into Samsung Wallet. The rollout of the new app started a few months ago, and now, it is ready for the Indian market. The South Korean firm revealed […]

By Asif Iqbal Shaik
3 days ago

2022 was the worst year for smartphone shipments globally

The smartphone market suffered its largest-ever shipment decline in 2022, with all the major OEMs posting negative growth year-on-year compared to 2021. Thankfully for Samsung, the company maintained the lead in the declining smartphone market and kept the largest share. According to market research firm IDC, Samsung shipped 260.9 million smartphones in 2022 and held […]

By Mihai Matei
5 days ago

Samsung certified for business continuity management amid crises

The semiconductor market has been in turmoil for the past couple of years due to supply chain disruptions caused by COVID and, more recently, fears of an economic recession. But despite these hurdles and the fact that Samsung expects profits from its semiconductor business to be halved in 2023, the company recently announced that it […]

By Mihai Matei
5 days ago

Samsung, KDDI complete SLA network slicing on a live 5G SA network

In an official newsroom post, Samsung announced that it, along with KDDI, has successfully completed the demonstration of Service Level Agreements (SLA) assurance network slicing on a live 5G SA (Standalone) network in Tokyo, Japan. This is the first time in the industry that companies have generated multiple slices of the network using the RAN […]

By Sagar Naresh
2 weeks ago

Samsung reclaims first position in key market

Despite the slowing economy, Samsung captured a higher smartphone market share globally in 2022 than the previous year. Now, its smartphone shipment numbers for Q4 2022 and full-year 2022 have been revealed for the Indian market. The company defeated its rival Xiaomi to become India’s biggest smartphone brand. Samsung defeated Xiaomi in Q4 2022 to […]

By Asif Iqbal Shaik
2 weeks ago

Sony led smartphone camera sensor market, Samsung also faired well

Apple is one brand that doesn’t reveal much about the internals of its iPhones, other than the hardware that is built in-house. For the first time ever, Apple CEO Tim Cook admitted that the company has been using Sony’s camera sensors in iPhones for over a decade. Well, that has helped Sony’s smartphone camera business register […]

By Sagar Naresh
2 weeks ago

Samsung was world’s biggest smartphone brand in 2022 as Chinese brands suffered

2022 has been an unpleasant year for smartphone brands. Rising component prices, geopolitical tensions, and supply chain issues troubled all smartphone brands. The overall market dropped 17% in Q4 2022. However, two smartphone brands managed to increase their market share: Apple and Samsung. According to a report from market research firm Canalys, Samsung was the […]

By Asif Iqbal Shaik
2 weeks ago

Samsung SDI to construct new battery factory for BMW in Hungary

Samsung SDI is planning to construct a new battery manufacturing plant in Göd, Hungary reports The Elec. According to the publication, Samsung will produce batteries mainly for BMW’s electric cars at the new battery manufacturing plant. Reportedly, these batteries will be made according to the specifications provided by the German car manufacturer. The new factory […]

By Asif Iqbal Shaik
2 weeks ago

Now enjoy a cup of Starbucks coffee at Samsung Opera House in Bengaluru

Samsung, India’s largest consumer electronics brand, has revamped its flagship store, the Samsung Opera House in Bengaluru. The company is adding new technology experiences at the store along with an in-house Starbucks cafe. Visitors can enjoy Samsung’s latest products and experience new technology while sipping a cup of coffee. Samsung’s products include SmartThings-connected appliances, smart […]

By Sagar Naresh
2 weeks ago

Sony extends lead over Samsung in CMOS image sensor market

Samsung has remained the second-largest CMOS image sensor provider on the market after Sony, but the gap between the two companies appears to widen at Samsung’s expense. In terms of market share in the third quarter of 2022, Sony and Samsung were followed by Omnivision, Onsemi, and GalaxyCore. According to a market report by research […]

By Mihai Matei
2 weeks ago

Samsung hires high-profile exec to lead online sales and marketing

Samsung Electronics has reportedly hired another high-profile executive. According to reports, the former chief executive of Yogiyo, Kang Shin-bong, has joined Samsung Electronics and will be leading the company’s online sales and marketing. The new vice president, who is now at the helm of the Direct-to-Consumer Center under Samsung’s Global Marketing division, will aim to […]

By Mihai Matei
2 weeks ago

Samsung CEO confirms construction of US semiconductor plant is on track

Samsung announced back in 2021 that they would build a $17 billion semiconductor factory in Taylor, Texas, USA. In December 2022, it was reported that the company has started procuring new equipment for this plant. Now, according to the latest information shared by Samsung’s CEO Kyung Kye-hyun, the construction of the chip plant in Taylor […]

By Sagar Naresh
2 weeks ago

Despite strong performance, Samsung’s QD-OLED TV didn’t sell enough

Last year, Samsung unveiled its first OLED TV—S95B—in over a decade. While it wasn’t the South Korean firm’s flagship 4K TV, it still managed to get more attention and praise than the QN95B (Samsung’s flagship 4K TV of 2022). And that’s due to the QD-OLED TV’s exceptional colors, viewing angles, contrast ratio, deep blacks, and […]

By Asif Iqbal Shaik
2 weeks ago