Samsung Elec raises non-memory chip investment to $151 billion through 2030
NEW DELHI: Samsung Electronics Co Ltd (005930.KS) said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019. Samsung competes with bigger rivals Taiwan’s TSMC (2330.TW) in contract chip manufacturing and Qualcomm Inc (QCOM.O) in mobile processing chips. […]
Samsung bags its biggest $6.6 billion network supply deal from Verizon
NEW DELHI: Samsung Electronics on Monday said it will supply network equipment to US telecommunications giant Verizon for $6.6 billion which is the largest network equipment supply deal in the history of South Korean giant. Samsung said it will supply network solutions, including 5G, for the next five years until December 2025. The size of […]
Samsung Electronics apologises for factory cancer cases
NEW DELHI: Samsung Electronics apologised on Friday to workers who developed cancer after working at its semiconductor factories, finally ending a decade-long dispute at the world’s top chipmaker. “We sincerely apologise to the workers who suffered from illness and their families,” said the firm’s co-president Kim Ki-nam. “We have failed to properly manage health risks […]