Samsung has announced that they’ve entered into an agreement with Consus Asset Management Co. to purchase a 43.5 percent stake in ultrasound device manufacturer, Medison and 100 percent of Prosonic Co. Ltd. that produces transducer probes and cables for ultrasound devices. Samsung’s decision to pick up stake is a confirmation that the Korean giant […]
Misc.
Bada OS completes one year, announces bada Developer Challenge winner
Samsung today announced the winners of the global bada Developer Challenge on the eve of bada OS’ one year anniversary. The challenge that ran from May till December of this year saw 2,077 teams from 54 different countries competing with each other. Amongst all the applications submitted, Samsung selected only 34 apps from devs […]
Samsung to supply equipment for Sprint’s Network Vision Program
Samsung has announced that Sprint has chosen them to provide the requisite equipment and services for its next-generation Network Vision network. The agreement will allow Samsung to deploy multi-mode base stations that will enhance Sprint’s usage of 800/1900 MHz spectrum. Additionally, Samsung will also help Sprint with All-IP CDMA core network elements, Microwave Backhaul […]
Lee Jae-yong promoted as Samsung Electronics President
The only son of Samsung Electronics’ Chairman, Lee Jae-yong has been promoted to the post of President in Samsung’s flagship Electronics subsidiary. Jae-yong will also hold its current Chief Operating Officer (COO) position. Meanwhile, Choi Gee-sung, CEO of Samsung Electronics will also assume the position of Vice Chairman in Samsung Electronics. The management reshuffle […]
Applied Materials reach a settlement with Samsung Electronics
Applied Materials has announced to have entered into a settlement agreement with Samsung Electronics over its misappropriation and misuse of Samsung’s confidential semiconductor information. Under the agreement, there will be a resolution of potential civil claims and litigation between both the companies and will enable Samsung to get discounts for products purchased from Applied […]