SEOUL (Reuters) – Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals.
Tag Archives: seoul
Asian firms may eye RIM platform; Samsung denies interest
TORONTO/SEOUL (Reuters) – Research In Motion is not on Samsung Electronics Co’s immediate shopping list, but the ailing Blackberry maker may still be attractive to Asian smartphone makers looking to compete against Google’s Android, the world’s fastest growing mobile platform.
Samsung Group plans record $41 billion investment in 2012
SEOUL (Reuters) – Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors.
Samsung says to merge bada mobile OS with Intel-backed Tizen
SEOUL (Reuters) – Samsung Electronics Co said on Tuesday it planned to merge its ‘bada’ mobile software with a platform backed by chipmaker Intel Corp in its latest push to diversify away from Google’s Android.
Samsung plans $1 billion debt sale to fund U.S. chip plant
SEOUL (Reuters) – Samsung Electronics Co said on Monday its U.S. operation plans to sell around $1 billion in bonds, its first major overseas debt sale in more than a decade, to fund its chip plant operations.
LG Display plant in eastern China hit by strike
BEIJING/SEOUL (Reuters) – Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China’s increasingly assertive workforce.
Sony to sell LCD venture stake to Samsung for $940 million
TOKYO/SEOUL (Reuters) – Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business.
Samsung eyes 15 percent rise in handset sales next year: report
SEOUL (Reuters) – South Korea’s Samsung Electronics aims to raise its global handset sales by 15 percent next year by boosting its smartphone sales, putting it in a closer race with bigger rival Nokia, a local newspaper said on Tuesday.
Sony to sell stake in LCD venture to Samsung for $940 million
TOKYO/SEOUL (Reuters) – Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to Samsung for $940 million, the Korean firm said on Monday, as Sony struggles to staunch red ink at its TV business.
Information black hole as North Korean leader dies
SEOUL (Reuters) – Few national leaders die these days with no one outside their country knowing about it. For more than 48 hours. Not even a mention on Twitter

