Samsung’s $17 billion new US Chip plant to commence construction in Q3

Late on Monday, a South Korean newspaper reported, Samsung Electronics Co Ltd is likely to begin the construction of a planned $17 billion U.S. chip plant during the third quarter of this year and has target to begin operations at the plant in 2024. In a report, the Electronic Times reported citing unnamed industry sources, Samsung…

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Samsung boosts investments in non-memory chips to $151 billion

On Thursday, in a statement Samsung Electronics stated, it has raised its planned investment in non-memory chips to $151 billion (171 trillion won) through 2030, in a development that sees the company joining its peers in ramping up investments in the sector midst a global shortage in semiconductors. Samsung’s has increased its investment target from…

Production at Samsung Electronics Texas chip factory at near normal

On Tuesday, in a statement Samsung Electronics said as of last week, production of chips at its U.S. chip plant at Austin, Texas has returned to near-normal levels. In mid-February, chipmakers in the area, including Samsung had shutdown production facilities due to severe weather. Samsung declined to comment on when production would be fully back…

Japan’s Kioxia Holdings Corp to build new NAND memory chip production line to meet surging demand across industry sectors

On Thursday, Japan’s Kioxia Holdings Corp stated, it would build a new production line for NAND memory chips in central Japan in order to meet surging demand for data storage across industry sectors ranging from smartphones to self-driving cars. The new line, the seventh for Kioxia, will be built at its existing plant in Yokkaichi,…

Samsung Electronics bags $6.6 Billion Verizon 5G network equipment contract

In a significant development, Samsung Electronics has won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States. The development marks the bagging of a major order by the South Korean company in the burgeoning 5G telecommunications market. The company’s global prospects have risen significantly following U.S. sanctions on Huawei,…

Apple Korea offers $84.02 million to settle antitrust probe

On Monday, South Korea’s competition watchdog stated, Apple’s Inc South Korean unit has put forwards proposals to address antitrust concerns and has offered $84.02 million (100 billion won) in support programmes to small small businesses, consumers and others. The development comes in the wake of Apple Korea being investigated by the Korea Fair Trade Commission…

Samsung Electronics’ AGM to have thermal cameras, contactless thermometers and use electronic voting

In an effort to stop the spread of the Wuhan coronavirus, Samsung Electronics said, it will be adopt electronic voting for the first time ever in its annual general meeting (AGM) on March 18. Samsung’s AGM will take place at a convention center in Suwon, around 18 miles (30 km) south of Seoul. On Monday,…