4 South Koreans prosecuted for leaking advanced technology to CCP

Tech 01/03/22, 04:51

The South Korean government introduced new measures to strengthen the country's technology protection since South Korean prosecutors on Dec. 22 indicted four South Koreans suspected of leaking advanced technology to the Chinese Communist Party (CCP). Among the four Koreans prosecuted, a representative of Korean company A was accused of stealing advanced ...

Samsung invests $17 billion in Texas chip plant to curb supply chain issues

Texas 11/24/21, 16:11

Texas will receive its largest-ever foreign direct investment from Samsung, as the South Korean electronics giant builds a $17 billion semiconductor factory in the Lone Star State. Gov. Greg Abbott's (R) office announced Samsung will build a new semiconductor manufacturing facility in Taylor, lifting the multinational's total investment in Texas to ...

Samsung, Toshiba continue to withdraw from China

China 09/23/21, 19:05

The corporate management division of Toshiba Corporation Japan in Dalian, China, announced that on Sept. 30, it would close the factory. Toshiba Dalian factory will lay off more than 1000 employees. In addition, Samsung’s shipyard in Ningbo will close, causing thousands of employees to protest, demanding reasonable compensation. According to many ...

Samsung to set up $17 billion chip factory in Taylor, Texas

Texas 09/08/21, 01:55

The South Korean technology giant, Samsung, has chosen the city of Taylor, Texas, to install a huge electronic chip factory, and it will invest $17 billion.  The plant's location that will generate 1,800 jobs was debated among four other sites, but the extraordinary tax breaks offered along with its geography favored ...

Samsung Electronics is closing its last computer factory in China

China 08/03/20, 11:38

After closing its last smartphone factory in 2019 in China, Samsung will now also close the last computer factory. Rising labor costs under the Chinese Communist Party (CCP) had already led South Korean company Samsung to close its last smartphone factory in China last year. Now the economy has been hit ...

Samsung ceases smartphone production in China despite vast market

Business 10/04/19, 14:19

Samsung Electronics, the world's largest smartphone maker, admitted its defeat in China when it announced this week it shut down the last phone factory there despite the vast market. Production at the Huizhou factory ended last month, The Associated Press citing Samsung said in an email Friday, Oct. 4. The company said ...

Samsung operating profit down sharply on slower chip demand

Business 01/30/19, 21:20

Samsung Electronics Co. has posted a near-30 percent drop in operating profit for the last quarter after seeing slowing global demand for its memory chips and smartphones.The South Korean technology giant on Thursday said its operating profit during the October-December quarter declined 28.7 percent at an annual pace to 10.8 ...

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