Tag: electronics
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Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
SEOUL, July 19 : Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.The South Korean tech giant said on Sunday in a statement to Reuters that
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Samsung Electronics denies report that it is exploring US listing
July 14 : Samsung Electronics denied on Tuesday a report that it was in the early stages of exploring a potential U.S. offering of American Depositary Receipts (ADRs).”Samsung Electronics is not reviewing the possibility of issuing American Depositary Receipts,” a Samsung spokesperson said in a statement.
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Samsung Electronics to advance start of chip factory in Yongin to 2029
SEOUL, July 13 : Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and…
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Samsung Electronics to move up start of chip factory in Yongin to 2029, source says
SEOUL, July 13 : Samsung Electronics aims to bring forward operation of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as the chipmaker seeks to keep up with surging demand for memory chips used in AI infrastructure, a source told Reuters on Monday.Samsung did not imm
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Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility
TAIPEI, July 10 : Taiwanese chip-testing company King Yuan Electronics (KYEC) plans to invest up to $1.4 billion to establish a facility in the United States, the supplier to chipmaker Nvidia said on Friday.King Yuan Electronics said the investment is intended to support operational growth and strengthen its
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India removes import duty on some electronics, smartphone parts
NEW DELHI, July 9 : India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5 per cent and 5 per cent levies, in a move that could help companies like Apple and Xiaomi.Here are more details:• Items include key parts for producing
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Samsung Electronics considers share buyback for stock bonuses, details undecided
SEOUL, June 24 : Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026 performance, but that no details including timing or size of the buyback had been decided. The clarification came in a regulatory filing after local media rep
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Samsung Electronics plans $59 billion share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth about 90 trillion won ($58.61 billion) after agreeing to give stock bonuses to employees in recent wage talks, the Yonhap News Agency reported on Wednesday, sending shares of the South Korean chip giant up more than 6 per cent. The me
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India’s Electronics Mart eyes new markets as tech hubs fear job losses
June 15 : Hyderabad-based Electronics Mart India is looking to diversify away from the technology hub as concerns grow that potential AI-triggered job losses could hurt consumer spending, a top executive said.The retailer gets about 60 per cent of its revenue from Hyderabad, which hosts offices of global comp
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