Latest Samsung News

  • Visa threatens to ditch FIFA as sponsor dismay mounts Thu, May 28, 2015

    By Anjali Athavaley and Emma Thomasson NEW YORK/BERLIN (Reuters) - Visa Inc has told FIFA it could end its sponsorship if football's governing body does not act fast to restore the reputation of the game after senior officials were arrested on corruption charges. The statement from Visa was the strongest so far as sponsors lined up to express concern about the scandal engulfing the world's most popular sport and their customers took to social media to threaten a boycott of brands associated with FIFA. "Our disappointment and concern with FIFA in light of today’s developments is profound. More »

  • Avago nears deal for fellow chipmaker Broadcom: sources
    Avago nears deal for fellow chipmaker Broadcom: sources Wed, May 27, 2015

    Avago Technologies Ltd is close to an agreement to acquire fellow chipmaker Broadcom Corp, people familiar with the matter said on Wednesday, in a deal that could boost Avago's clientele of top-tier smartphone companies. A deal between Avago and Broadcom could come as early as this week, the people said, cautioning that the negotiations had not yet been finalised. Shares of Broadcom soared almost 20 percent to $56.40 whilst Avago's rose 9 percent to $143.29 on Wednesday afternoon after the Wall Street Journal first reported on the news. More »

  • Avago nears deal for Broadcom - sources
    Avago nears deal for Broadcom - sources Wed, May 27, 2015

    Avago Technologies Ltd is close to an agreement to acquire fellow chipmaker Broadcom Corp , two people familiar with the matter said on Wednesday. A deal between Avago and Broadcom could come as early as this week, the people said, cautioning that the negotiations had not yet been finalised. Shares of Broadcom, which had a market value of about $29 billion as of Tuesday, soared almost 20 percent to $56.40 while Avago's rose 9 percent to $143.29 on Wednesday afternoon after the Wall Street Journal first reported on the news. More »

  • Cartier boss snubs 'useful' smartwatches for classic chic
    Cartier boss snubs 'useful' smartwatches for classic chic Wed, May 27, 2015

    A Cartier watch, part of the Swiss luxury goods group Richemont, is displayed at a professional fair in fine watchmaking in Geneva on January 21, 2013 More »

  • Sony mobile executive: pricing tweaks, cost cuts to cope with dollar's  …
    Sony mobile executive: pricing tweaks, cost cuts to cope with dollar's  … Wed, May 27, 2015

    The head of Sony Corp's loss-making mobile telecoms unit plans to tweak handset prices and cut costs if need be to absorb the dollar's sharp rise versus the yen, citing currency shifts as a bigger potential threat to the Japanese electronics maker's efforts to turn the business around than competition. Hiroki Totoki, who has vowed to turn the unit profitable in the year ending March 2016, told investors about his plans to counter foreign exchange fluctuations at a briefing in Tokyo on Wednesday. Close to eight-year highs versus the yen, the dollar's surge causes problems for Sony's mobile business because it raises the cost of raw materials and parts. More »

  • Sony mobile exec: pricing tweaks, cost cuts to cope with dollar's rise
    Sony mobile exec: pricing tweaks, cost cuts to cope with dollar's rise Wed, May 27, 2015

    The head of Sony Corp's loss-making mobile telecoms unit plans to tweak handset prices and cut costs if need be to absorb the dollar's sharp rise versus the yen, citing currency shifts as a bigger potential threat to the Japanese electronics maker's efforts to turn the business around than competition. Hiroki Totoki, who has vowed to turn the unit profitable in the year ending March 2016, told investors about his plans to counter foreign exchange fluctuations at a briefing in Tokyo on Wednesday. Close to eight-year highs versus the yen, the dollar's surge causes problems for Sony's mobile business because it raises the cost of raw materials and parts. More »

  • Novartis digs into health tech with bet on "robotic pill"
    Novartis digs into health tech with bet on "robotic pill" Wed, May 27, 2015

    By Ben Hirschler LONDON (Reuters) - Swiss drugmaker Novartis is raising its bet on smart technology by collaborating with U.S. start-up Rani Therapeutics on a “robotic pill” for complex biotech drugs that would normally have to be given by injection. Rani said it would run feasibility studies over the next 18-24 months to evaluate how selected Novartis biologic medicines can be delivered into the bloodstream using its unique device. The Rani capsule, which is swallowed like a conventional pill, contains tiny needles made of sugar that are pushed into the wall of the intestine to deliver the drug. More »

  • Here’s What Happened Today: Tuesday
    Here’s What Happened Today: Tuesday Tue, May 26, 2015

    Aer Lingus, the 8th amendment, and a rabbit had everyone talking today. More »

  • Foxconn plans 10-12 new Indian facilities by 2020: chairman
    Foxconn plans 10-12 new Indian facilities by 2020: chairman Tue, May 26, 2015

    By Paul Carsten GUIYANG, China (Reuters) - Taiwan's Foxconn Technology, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday. "A lot of our customers, especially Chinese customers, need us to manufacture ... in India, to make phones, tablets, TVs, as soon as possible," Gou said in an interview on the outskirts of Guiyang in China's southern Guizhou province, where the company already operates a manufacturing plant and data centre. It follows smartphone company Xiaomi Inc, which in March announced plans to begin manufacturing in India. More »

  • Shake-up in key Samsung assets to cement heir's grip as succession loom …
    Shake-up in key Samsung assets to cement heir's grip as succession loom … Tue, May 26, 2015

    By Joyce Lee and Se Young Lee SEOUL (Reuters) - Samsung Group's de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics. Cheil Industries Inc, with interests from construction to fashion, is offering new stock priced at about 8.9 trillion won ($8.11 billion) to buy building firm Samsung C&T Corp. After recent market jitters on Samsung's overhaul, shares in both rose nearly 15 percent - taking Samsung C&T's value beyond the offer price to about 10 trillion won. It would also cement the position of heir-apparent and Samsung Electronics vice chairman Jay Y. Lee, likely to remain top shareholder of the merged entity, as Samsung prepares for the eventual transfer of control from ailing patriarch Lee Kun-hee to his children. More »

  • Samsung to merge two major units
    Samsung to merge two major units Tue, May 26, 2015

    Samsung Group has announced the merger of two major affiliates, Cheil Industries and Samsung C&T, as the South Korean business giant accelerates restructuring efforts More »

  • Corporate maneuver at Samsung strengthens heir's influence
    Corporate maneuver at Samsung strengthens heir's influence Tue, May 26, 2015

    SEOUL, South Korea (AP) — Two key Samsung companies are merging in a step toward ensuring the son of the group's ailing chairman inherits control of the theme parks to smartphones conglomerate. More »

  • What's hot? Life sciences challenge tech in global innovation
    What's hot? Life sciences challenge tech in global innovation Tue, May 26, 2015

    By Ben Hirschler LONDON (Reuters) - The life sciences industry is increasingly taking over from the tech sector in driving global innovation, according to a Thomson Reuters analysis of global patents. With more patents applied for or granted in 2014 than in any other year in history, humankind has never been more inventive, whether in designing driverless cars, discovering new drugs for cancer or building bionic limbs. While part of that may be due to tighter patenting rules in the United States, there are also signs of more fundamental shifts, with the volume of published scientific literature -- a precursor to patents -- down 22 percent across 12 industries. More »

  • Founder of Facebook's Oculus hit with lawsuit
    Founder of Facebook's Oculus hit with lawsuit Fri, May 22, 2015

    By Dan Levine SAN FRANCISCO (Reuters) - The founder of virtual reality glasses maker Oculus VR Inc, acquired by Facebook Inc for $2 billion, has been accused of taking confidential information he learned whilst working with another company and passing it off as his own, according to a lawsuit filed this week. The plaintiff, Hawaii-based company Total Recall Technologies, said it hired Oculus founder Palmer Luckey in 2011 to build a prototype head mounted display. Facebook's $2 billion acquisition of Oculus last year was its first-ever hardware deal, as the company sought a way into the fast-growing wearable devices arena. More »

  • Best Buy jumps after 1Q sales, profit top Wall St. views Thu, May 21, 2015

    Best Buy's stock jumped in trading Thursday after its first-quarter sales and profit managed to top analysts' expectations. The big-box electronics retailer, based in Minneapolis, said sales of mobile ... More »

  • Samsung Elec says halts TV production in Thailand Thu, May 21, 2015

    SEOUL (Reuters) - South Korea's Samsung Electronics Co Ltd, the world's top television maker, on Thursday said it stopped TV production in Thailand in the first quarter to streamline its global manufacturing footprint. The move comes after the company last year announced a $560 million investment to build a consumer appliances complex in Vietnam, to mainly produce TVs, as part of efforts to boost output across segments including smartphones and displays in the lower-cost country. A Samsung spokeswoman did not say whether the company would move TV production from Thailand to Vietnam. ... More »

  • China's ZTE seeks more NBA partnerships to boost U.S. smartphone sales
    China's ZTE seeks more NBA partnerships to boost U.S. smartphone sales Thu, May 21, 2015

    Chinese smartphone maker ZTE Corp is planning to sponsor more NBA teams to boost its brand in the United States where the company aims to become the No. 3 smartphone vendor in three years time. The company has been expanding its smartphone business overseas amid a slowdown in sales at home and the rise of domestic rival Xiaomi Inc [XTC.UL]. More »

  • Review: Curves and 'self-healing' in super-premium phones
    Review: Curves and 'self-healing' in super-premium phones Wed, May 20, 2015

    For those not satisfied with just a premium phone, Samsung and LG are offering two models best described as the Lamborghinis of smartphones. You're already getting a lot with flagship phones from those ... More »

  • Samsung quietly prepping for change of style, rather than strategy
    Samsung quietly prepping for change of style, rather than strategy Wed, May 20, 2015

    By Se Young Lee and Miyoung Kim SEOUL/SINGAPORE (Reuters) - Samsung's heir-apparent Jay Y. Lee faces a delicate balancing act: carefully pacing preparations for change - of style more than strategy - at South Korea's biggest conglomerate, while preserving his ailing father's legacy from more than a quarter of a century in charge. Samsung Group, a sprawling corporation of dozens of affiliates including Samsung Electronics, has not announced any formal succession planning, but last week said Lee, 46, will take over as chairman of two Samsung foundations from patriarch Lee Kun-hee, 73, who remains hospitalized after a heart attack a year ago. A flurry of non-core asset sales, company listings and organisational moves suggests the younger Lee, vice chairman of Samsung Electronics, is quietly readying Samsung for his brand of steely pragmatism in contrast to his father's more charismatic leadership. More »

  • US charges China academics in trade theft scheme
    US charges China academics in trade theft scheme Wed, May 20, 2015

    US prosecutors have charged six Chinese nationals, including three university professors, with a years-long scheme to steal mobile phone technology trade secrets for Beijing's benefit. More »

  • UN virtual reality film highlights plight of Syrian refugees Tue, May 19, 2015

    SEOUL, South Korea (AP) — The United Nations is using virtual reality technology to help the public experience what it is like to live in a Syrian refugee camp, showing how the latest technology can be adapted for humanitarian efforts. More »

  • Vietnam detains 2 South Koreans in scaffolding collapse Tue, May 19, 2015

    Police in central Vietnam detained two South Korean managers for the Samsung Group on Tuesday over a scaffolding collapse in March that killed 13 workers and injured dozens. Col. Phan Ke Hien, a spokesman ... More »

  • Mixed decision for Samsung appeal in Apple patent case
    Mixed decision for Samsung appeal in Apple patent case Tue, May 19, 2015

    A US appeals court upheld most elements of the blockbuster patent case in which Samsung was found to have violated Apple iPhone patents, but invalidated some of the damages More »

  • Apple gets partial win on appeal in Samsung patent case
    Apple gets partial win on appeal in Samsung patent case Tue, May 19, 2015

    By Andrew Chung and Julia Love NEW YORK/SAN FRANCISCO (Reuters) - Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd, as a prior patent infringement verdict was upheld but a trademark finding that the iPhone's appearance could be protected was thrown out. In the highly anticipated ruling stemming from the global smartphone wars, the Federal Circuit in Washington, D.C. upheld patent infringement violations including one which protects the shape and color of its iPhone as well as the damages awarded for those violations. "This is a victory for design and those who respect it," Apple said in a statement on Monday. More »

  • Court agrees Samsung copied Apple, but tosses some damages
    Court agrees Samsung copied Apple, but tosses some damages Mon, May 18, 2015

    SAN FRANCISCO (AP) — A federal appeals court has upheld a jury's finding that Samsung illegally copied some patented features in Apple's iPhone, but it sided with Samsung on one point that could reduce the $930 million in damages the South Korean company had been ordered to pay. More »

  • Court agrees Samsung copied Apple, but reduces damage award Mon, May 18, 2015

    A federal appeals court has agreed that Samsung illegally copied some of the patented features in Apple's iPhone. But the court sided with Samsung on one point in a long-running dispute, which means the ... More »

  • Here’s what tech experts think the new iPhone will be like
    Here’s what tech experts think the new iPhone will be like Mon, May 18, 2015

    What features would you like to see? More »

  • Modi urges S. Korea to grasp investment opportunities in India
    Modi urges S. Korea to grasp investment opportunities in India Mon, May 18, 2015

    India's Prime Minister Narendra Modi (C) visits the National Cemetery in Seoul, on May 18, 2015 More »

  • India's Modi arrives in South Korea on investment hunt
    India's Modi arrives in South Korea on investment hunt Mon, May 18, 2015

    India's Prime Minister Narendra Modi (C) visits the National Cemetery in Seoul, on May 18, 2015 More »

  • Pyeongchang marks 1,000 days to go with new slogan
    Pyeongchang marks 1,000 days to go with new slogan Sat, May 16, 2015

    Pyeongchang Olympics organizers marked the 1,000 day countdown to the 2018 Games at a ceremony in Seoul on Saturday, unveiling a new slogan -- "Passion. Connected." -- which they hope will help boost interest in winter sports in Asia. POCOG Chairman Cho Yang-ho said the slogan represented a desire to bring winter sports into the limelight on the global stage and reflected organizers' determination to make Asia's first Winter Games outside of Japan a success. "The new slogan embodies POCOG's vision to expand winter sports participation to a truly global audience and encourages people to create and share their once in a lifetime experiences at Pyeongchang," said Cho in a statement. More »

  • State reaches $63 million agreement with LCD manufacturers Fri, May 15, 2015

    The State of Washington has reached a $63 million agreement with nine LCD manufacturers accused of fixing prices for products ranging from flat-screen televisions to computers and cellphones, Attorney ... More »

  • Samsung Galaxy S6 review – a Galaxy far, far better
    Samsung Galaxy S6 review – a Galaxy far, far better Fri, May 15, 2015

    The world's biggest smartphone manufacturer has seen its market share plummet over the last 12 months and many critics have pointed to the rather dour Galaxy S5 as representative of its current malaise. We have already seen its unique Galaxy S6 Edge, but here we look at its mainstream flagship smartphone – the Galaxy S6 – designed to take on the iPhone 6, HTC's One (M9) and the LG G4. The Galaxy S6 looks like a phone designed and made by a company other than Samsung. Unlike the remarkable Galaxy S6 Edge's curved screen, there are no design flourishes to speak of here, but that's OK. More »

  • Samsung heir takes charge of foundations in succession step
    Samsung heir takes charge of foundations in succession step Fri, May 15, 2015

    By Se Young Lee SEOUL (Reuters) - Samsung Group [SAGR.UL] heir apparent Jay Y. Lee will take over from his father Lee Kun-hee as head of two key foundations, the conglomerate said on Friday, suggesting that a transfer of leadership is underway at South Korea's largest conglomerate. Jay Y. Lee, 46, will succeed his 73-year-old father, who has been hospitalised since suffering a heart attack more than a year ago, as chairman of Samsung Life Public Welfare Foundation and Samsung Foundation of Culture from May 31, a Samsung Group spokeswoman said. The foundations hold stakes in Samsung Life Insurance Co Ltd , an important piece in the conglomerate's complicated ownership structure that enables the Lee family to control the group despite their relatively small stakeholdings. More »

  • South Korea's Samsung Group heir apparent takes key leadership roles
    South Korea's Samsung Group heir apparent takes key leadership roles Fri, May 15, 2015

    Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee will take over from his father and Samsung Group patriarch Lee Kun-hee as head of two key foundations, replacing his father in leadership roles for the first time. Samsung Group said in a statement Jay Y. Lee would succeed his father as head of Samsung Life Public Welfare Foundation and Samsung Foundation of Culture. Lee Kun-hee has been hospitalised for about a year after suffering a heart attack, fuelling expectations that the succession of control of South Korea's top conglomerate to his son will accelerate in coming months. More »

  • Only One in Ten Plan to Buy a Smartwatch
    Only One in Ten Plan to Buy a Smartwatch Thu, May 14, 2015

    The British public think technology is becoming ever more confusing, but they are still willing to spend on the latest kit. More »