Tag: samsung
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Samsung Electronics shares rise as robotics move highlights push into physical AI
Samsung Electronics shares rose as the company set up a robotics division in a push into physical AI.
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Samsung Electronics creates robotics division as key part of growth strategy
SEOUL, July 21 : Samsung Electronics said on Tuesday it will set up a robotics division reporting directly to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine.The South Korean conglomerate said the RX, or “Robotics eXperience”, division
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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
NEW YORK, July 20 : Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans to broaden its offerings in the future.The Samsung Galaxy Card, issued by Barclays and running on Visa’s netwo
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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 America to reduce workforce by 739 in New Jersey, WARN notice says
SEOUL, July 19 : Samsung Electronics America is reducing its workforce by 739 jobs in Englewood Cliffs, New Jersey, according to a Worker Adjustment and Retraining Notification (WARN) reviewed by Reuters. SEA handles sales and marketing of Samsung Electronics’ displays, phones, TVs and home appliances in th
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US probes Samsung for alleged infringement of Netlist’s memory-chip patents
July 16 : U.S. trade regulators have launched a probe into Samsung Electronics’ memory chips and products sold by Google, Nvidia, Broadcom and Super Micro Computer that use them following a complaint by Netlist alleging infringement of its patents.California-based Netlist has accused Samsung and its U.S. unit
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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 explores potential US listing via ADRs, Bloomberg News reports
July 14 : Samsung Electronics Co. is in the early stages of exploring a potential offering of American Depositary Receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. Samsung declined to comment.Samsung has held
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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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