South Korean court gives Samsung scion prison term over bribery
By KIM TONG-HYUNG SEOUL:Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea’s then-president. In a much-anticipated retrial, the Seoul High Court found Lee […]
Samsung’s Lee Kun-hee leaves behind $21 billion wealth for inheritance
By Joyce Lee, Hyunjoo Jin SEOUL:Lee Kun-hee, South Korea’s richest person and chairman of Samsung Electronics Co, died on Sunday, leaving behind considerable assets subject to be potentially inherited by his surviving family as well as inheritance tax. Here is a rundown of his net worth, which Forbes says amounts to $20.9 billion, and expected […]
Samsung Galaxy F series to debut on Flipkart’s Big Billion Days
NEW DELHI:Riding on its successful Galaxy ‘M series amid surge in online shopping, Samsung on Thursday announced a partnership with Flipkart to globally debut its next affordable Galaxy ‘F series on the first day of the Big Billion Days sale in India next month. The company will debut the fully-loaded Galaxy F41 as the first […]
Nvidia close to acquiring chip maker ARM for $40 billion: Report
NEW DELHI: US-based graphic giant Nvidia is close to acquiring SoftBank-owned UK chip company ARM in a deal valued at more than $40 billion, the Wall Street Journal reported on Sunday. The Japanese technology conglomerate bought ARM for $31 billion in 2016. The company powers major mobile processors from companies like Qualcomm, Apple, Samsung and […]
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 unveils premium-priced Galaxy Note 10
SAN FRANCISCO: Samsung on Wednesday unveiled a new-generation Galaxy Note large-screen handset starting at USD 950 and said it will work closer with Microsoft so that services function better across its array of devices. The Note 10 “phablet” which is set for release on August 23, comes in two sizes, with the larger beginning at […]
Samsung donates 550,000 notebooks in government schools
NEW DELHI: Samsung R&D Institute – Bangalore (SRI-B), Samsung‘s largest R&D centre outside Korea and Government of Karnataka today donated 550,000 notebooks and one lakh stationery items to 2,100 government schools in Kolar and Ramanagar districts of Karnataka. In the fifth edition of the notebook donation drive for around one lakh students studying at government […]
Samsung launches Galaxy Tab S4 for Rs 57,900
NEW DELHI: Electronics major Samsung India expects to double its market share in premium tablet PC category in the country by December this year, a senior company official said on Thursday. “We have launched Galaxy Tab S4 in premium category because we want to bridge the gap between work and productivity.We are planning to double […]
Samsung eyes over 25% jump in mobile phone sales in festive season
NEW DELHI: South Korean tech giant Samsung expects to see over 25% growth in mobile phone sales during the festive season across price range in the country. The company, which competes with rival Xiaomi in the Indian market, is also strengthening its position in the Rs 20,000 – Rs 40,000 category (mid-price range) with the […]