Samsung has refuted the Nokia buyout rumor. In a statement released to Reuters, Samsung shot down the report saying as “purely speculative” and is “not true.” Last Friday, a report by kauppalehti.fi claimed that Samsung is in talks with the Finnish company to acquire Nokia it 4EUR/share.
Misc.
Samsung to setup a new line to produce mobile application processors
Samsung has announced to invest in a new fabrication line in Hwaseong, South Korea. The new fabrication line will produce mobile application processors on 300mm wafer using 20nm and 14nm process, which Samsung expects to cater to the burgeoning demand of the chips. Samsung will invest a total of 2.25 trillion won and expects […]
Samsung Electronics names Kwon Oh-hyun as the new CEO
Samsung Electronics today confirmed that Kwon Oh-hyun has been named as the new CEO and will handle all corporate-wide affairs. Kwon who headed the components business will still be in charge whereas the current CEO, Choi Gee-sung will move towards to head the Samsung Group Corporate Strategy Office. The change in helm will have […]
Apple wants to file preliminary injunction request against Galaxy S III in US
Apple has filed a new motion asking the court to add Galaxy S III in the motion for preliminary injunction filed against the Galaxy Nexus. Apple says they bought the Galaxy S III on May 29 in UK and came to the conclusion that the phone infringes on two Apple patents that are asserted […]
Samsung joins Linux Foundation as Platinum Member
Samsung has confirmed to have joined the Linux Foundation as a Platinum Member. It is the highest tier of membership at the Linux Foundation that will earn the Korean company a place in the Board of Directors. Samsung’s investment reiterates its commitment to the Linux platform as they’ve been using the Linux kernel, Linux-based […]