Latest Samsung Electronics Co Ltd News

Japan Display worker suspected of taking $5.4M in fake deals

Nov. 20, 2019 11:32 PM EST

TOKYO (AP) — Japan Display Inc. is pursuing criminal charges against an employee it has accused of taking 578 million yen ($5.4 million) in fake deals. The Tokyo-based maker of displays said Thursday the money was lost at its Japan operations as the employee, who since has been fired, made the illicit...

Huawei sells folding smartphone with no Google after US ban

Nov. 15, 2019 4:00 AM EST

BEIJING (AP) — Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington. The Mate X, which unfolds to 14.6 centimeters (5.8 inches) wide, went on sale Friday on Huawei’s online store in China priced...

Samsung Electronics says third quarter profit fell 56%

Oct. 31, 2019 12:30 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips. The South Korean technology giant reported an operating profit of 7.78...

Samsung heir Lee appears in court for corruption retrial

Oct. 24, 2019 11:51 PM EDT

SEOUL, South Korea (AP) — Billionaire Samsung scion Lee Jae-yong appeared in court Friday for a retrial on corruption allegations linked to a 2016 scandal that spurred massive street protests and sent South Korea's then-president to prison.   "I feel deeply sorry for worrying many people," Lee...

Cuba to let citizens buy imports with foreign currencies

Oct. 16, 2019 5:12 PM EDT

HAVANA (AP) — The Cuban government says it will allow citizens to use 10 foreign currencies to buy products like televisions and air conditioners at state stores in an attempt to compete with a multi-billion-dollar informal market in imported goods. The communist state has a monopoly on most forms of...

China's Huawei reports sales gain despite US sanctions

Oct. 16, 2019 5:04 AM EDT

BEIJING (AP) — Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said its sales rose 24.4% in the first nine months of 2019 to 610.8 billion yuan ($86...

Google touts privacy options, but still depends on your data

Oct. 15, 2019 6:08 PM EDT

SAN FRANCISCO (AP) — Google's latest phone and smart-home devices came packaged with a not-so-subtle message: Google cares about your privacy. Does it? The tech company has had a complicated relationship with user information in the past. Google's latest steps offer consumers some additional protections,...