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August 1, 2021

ELEC

Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic. FILE PHOTO:......

Samsung Elec forecasts strong chip demand as Q2 profit jumps

Reuters
Sees mobile market recovering to 2019 level in H2 Global shortage of some chips still a risk Q2 profit highest since Q3 2018 SEOUL, July 29 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the......

Samsung Electronics says first-quarter profit likely rose 44%, matching expectations

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The......

Trial hearing postponed as Samsung heir Lee has fever after surgery: media

Reuters
FILE PHOTO: Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea, January 18, 2021. REUTERS/Kim Hong-Ji SEOUL (Reuters) – A court hearing in a trial involving Samsung Electronics vice chairman Jay Y. Lee has been postponed to April 22, court records showed, with South Korean......

Samsung gets 5G equipment contract from Japan’s NTT Docomo

Reuters
FILE PHOTO: Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, in this file photo taken on January 6, 2016. REUTERS/Kim Hong-Ji STOCKHOLM (Reuters) – Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply......

Samsung’s Lee receives appendix surgery during detention: Yonhap

Reuters
FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, leaves the Seoul high court in Seoul, South Korea, October 25, 2019. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics vice chairman Jay Y. Lee, detained for a two and a half-year sentence of bribery and other charges since January, received......

Samsung Elec flags fourth quarter profit rise on chip, display sales

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels. FILE PHOTO: The logo of Samsung Electronics is seen at its office......

LG Electronics, Magna to set up $1 billion JV to make electric car gear

Reuters
FILE PHOTO: Visitors walk past the showroom of LG Electronics during the Auto China 2016 show in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon/File Photo TORONTO/SEOUL (Reuters) – South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive......

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