Category: Samsung
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Samsung India strike puts spotlight on powerful Indian labour group By Reuters
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Written by Monsef Vengatil and Praveen Paramasivam CHENNAI (Reuters) – A strike by workers in India that has disrupted production at a Samsung plant has put the spotlight on a politically backed labour group that has quietly rallied the South Korean company’s employees and is now planning to expand its…
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Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone makers colluded with Amazon.com Inc and Walmart Inc’s Flipkart to launch products exclusively on the e-commerce companies’ Indian websites in violation of antitrust laws, according to regulatory filings seen by Reuters. Reuters reported this week that antitrust…
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Qualcomm said to be working with Samsung, Google on mixed reality smart glasses
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We/DigitalVision via Getty Images Qualcomm (NASDAQ:QCOM) Works with Samsung (OTCPK:SSNLF) and Google (NASDAQ:GOG) (NASDAQ:Google) to explore mixed-reality smart glasses that can be attached to smartphones, according to the chipmaker’s CEO Cristiano Amon. cnbc. The project is based on the existing partnership between the three. Companies are developing mixed reality technology,…
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Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed round By Reuters
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Written by Manya Saini Sahara AI, a startup that combines blockchain technology with artificial intelligence, said Wednesday it has raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and Polychain Capital. The Series A funding also attracted investments from Samsung (KS:) NEXT alongside…
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Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources By Reuters
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By Heikyong Yang, Fanny Botkin, and Karen Freifeld SEOUL/SINGAPORE (Reuters) – Chinese tech giants including Huawei Technologies and Baidu Inc as well as startups are stockpiling ultra-wideband memory semiconductors from Samsung Electronics Co Ltd in anticipation of U.S. restrictions on chip exports to China, three sources said. Companies have ramped…
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Samsung flags strong AI demand as profit soars on higher chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd forecast strong demand for artificial intelligence-powered chips in the second half of this year, reporting a more than 15-fold increase in its second-quarter operating profit. “AI servers are expected to capture a larger share of the (memory)…
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Citi maintains buy on Micron stock, eyes Samsung move By Investing.com
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On Monday, Citi reiterated its buy rating on Micron Technology (NASDAQ:) with a $175.00 price target. The firm expressed concerns that the stock could face short-term pressure. The focal point of these concerns is the expectation that Samsung (KS:) will qualify for its high rating. Bandwidth (NASDAQ:) Memory (HBM) with…
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Samsung flags better-than-expected profit rise as AI boom lifts chip prices By Reuters
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By Joyce Lee and Heekyung Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday forecast a more than 15-fold jump in second-quarter operating profit, as a rebound in semiconductor prices driven by the artificial intelligence boom lifted earnings from a low a year ago. The world’s largest maker of…
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Samsung Electronics workers to strike on July 8-10, union official says By Reuters
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By Heekyung Yang and Joyce Lee SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd workers’ union has called a strike from July 8 to 10, a union official said on Tuesday, as it steps up industrial action against the country’s most valuable company. The official told Reuters by phone…
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Amid chants and K-pop, Samsung union stages rare rally for fair wages By Reuters
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In Jo Min Park SEOUL (Reuters) – Against a backdrop of K-pop and dance music performances, more than 2,000 unionized workers from Samsung Electronics gathered in Seoul on Friday, holding a rare march to demand the South Korean tech giant pay fair wages. Over the past two years, the National…