Samsung Electronics wins $6.64billion to provide network equipment for Verizon

Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market. Samsung’s global prospects for its network business have improved following U.S. sanctions on its bigger rival Huawei, analysts… Read More Samsung Electronics wins $6.64billion to provide network equipment for Verizon

South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

South Korean prosecutors indicted the Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. Lee, who has already served jail time in connection with a separate case, and… Read More South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale on Friday in South Korea, a source with direct knowledge of the matter said on Wednesday. The highly anticipated device from the world’s top smartphone maker was originally due to hit the U.S. market in April but the launch was delayed… Read More Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Samsung opens biggest phone manufacturing facility in India

​Samsung Electronics on Monday announced the opening of what it said is the world’s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world’s fastest growing major mobile phone market. The facility, on the outskirts of New Delhi, will allow Samsung to manufacture phones at a lower… Read More Samsung opens biggest phone manufacturing facility in India

South Korean prosecutors raid Samsung Electronics office following union sabotage allegations

South Korean prosecutors searched offices at a Samsung Electronics Co Ltd unit on Friday as part of a probe into allegations the conglomerate had sabotaged workers’ efforts to strengthen labor unions, the prosecutors’ office said. The tech giant has often come under fire from politicians and civics groups for not engaging with organized labor and… Read More South Korean prosecutors raid Samsung Electronics office following union sabotage allegations

Samsung Galaxy Note 8 hits highest pre-order mark among Note series

​ Samsung Electronics Co. Ltd. on Tuesday said pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 over five days by about 2.5 times. Samsung is banking on the device to protect its market dominance as it competes with Apple Inc’s latest iPhones… Read More Samsung Galaxy Note 8 hits highest pre-order mark among Note series