In an interesting turn of events, South Korean court today suspended jail term of Samsung Group’s heir and Samsung Electronics vice chairman, JY Lee (Lee Jae-yong). Lee had appealed the sentence, after which the court decided to reduce the sentence to 2.5 years and probation of four years. Lee’s arrest last year had major ramifications […]
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Samsung expands patent agreement with Qualcomm, will collaborate to develop different technologies
Samsung and Qualcomm today announced that the global patent cross-license agreement between them now extends to Samsung mobile devices and infrastructure equipment and as part of the agreement, Samsung will withdraw its interventions in Qualcomm’s appeal of the KFTC decision in the Seoul High Court. They’ve also announced a multi-year strategic relationship agreement wherein both […]
Samsung posts Q4 2017 financial result
Samsung today announced its financial result for the full 2017 and Q4 2017 ending on December 31, 2017. According to Samsung, they posted a consolidated revenue of 65.98 trillion won and an operating profit of 15.15 trillion won for the fourth quarter of 2017. If we talk about the full year, Samsung recorded 239.58 trillion […]
Samsung loses lawsuit against Huawei in China
Shenzhen Intermediate People’s Court has found Samsung guilty of infringing patents held by Huawei. The court has rapped Samsung for delaying negotiations deliberately and has asked the Korean giant to stop infringing on Huawei’s two 4G standard-related patents. Samsung’s legal tussle with Huawei has been ongoing since May 2016 when Huawei first sued Samsung for […]
Samsung Earnings Guidance for Q4 2017
Just like every quarter, Samsung has released earnings guidance for the last quarter ending December 2017. According to the figures based on K-IFRS, Samsung says consolidated sales will be around 66 trillion won while the operating profit is said to be around 15.1 trillion won. As far as full-year estimates go, Samsung expects consolidated sales […]