Samsung has confirmed to merge its various display units that includes the recent spun-off Samsung Display, Samsung Mobile Display and S-LCD into one. The merger was approved by the Board of Directors and is expected to complete by July 1. Samsung Electronics will have a majority stake, about 84 percent whereas Samsung SDI will […]
Misc.
Samsung announces Q1 2012 Results
Samsung has announced the financial result for the first quarter ending March 31, 2012. According to it, Samsung posted a revenue of 45.27 trillion won, a 22 percent increase YoY with consolidated operating profit reaching an all-time high of 5.85 trillion won (98 percent increase YoY) and consolidated net profit at 5.05 trillion won. […]
U.S. Olympians sue Samsung over Facebook app
Samsung Electronics has been sued by 18 U.S. Olympians because the company used their names and images without their permission on a Facebook app. The app in question is U.S. Olympic Genome Project that promises to connect Facebook users with the Team USA. The athletes claim the use of their images in the app […]
Samsung wins Golden Peacock award for Samsung Hope Project
Samsung today confirmed that they’ve been given the Golden Peacock award for their CSR initiatives with respect to the Samsung Hope Project. Although the project is a global initiative, it reached India earlier this year with an aim to provide quality education to underprivileged children with the help of modern teaching methods and available […]
Samsung to announce Smart App Challenge 2012, $4.08m up for grabs
Samsung has confirmed that’ll announce a new Smart App Challenge for developers in May. This global challenge will invite developers to create some interesting apps for Samsung’s Galaxy Tab and Note range and will give away $4,080,000 to 80 winners in addition to marketing done by Samsung. Samsung will reveal more details, which we […]