Samsung has collaborated with IBM to research on semiconductor technologies. Under this new collaboration, both the companies will research new materials, transistor structures etc. to enable next-generation process technology that will be used in variety of devices like smartphones to high-end communications infrastructure. The researchers will work at the Semiconductor Research Alliance at the […]
Misc.
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 […]
Samsung is Asia’s second Cash Rich Company
A report published by Moody’s Investors Service claims that Samsung is the second richest company, in terms of cash in Asia. The leading Cash Rich Company in Asia is China Mobile. About 120 Asian companies were surveyed by the firm whose cash-to-debt ratio was found to be over 400 percent or average balance per […]
Samsung sends auditors from Korea to audit Australia biz operations
Samsung HQ in South Korea have sent 13 auditors to Australia to check on the region’s operations. The report from Smarthouse claims that the surprise audit is a result of a tip-off from a former Samsung executive alleging irregularities in the sale of second goods. Samsung auditors are currently probing 10-year old transactions and […]
Earnings Guidance for Q3 2010
Samsung has announced earnings guidance for the third quarter. This guidance is made public to gives shareholders and consumers an estimate about what to expect when the audited results are posted. According to the guidance, in compliance with IFRS, Samsung expects its consolidated operating profit to be somewhere in between 4.5 to 5 trillion […]