Latest Samsung Electronics Co Ltd News

Executive's arrest, security worries stymie Huawei's reach

Dec. 16, 2018 8:31 AM EST

BEIJING (AP) — While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries abroad. Australia and New Zealand have barred Huawei Technologies Ltd. as a supplier for fifth-generation...

China demands Canada release executive of tech giant Huawei

Dec. 6, 2018 4:46 PM EST

BEIJING (AP) — China on Thursday demanded that Canada release an executive of Chinese tech giant Huawei who was arrested in a case that compounds tensions with the U.S. and threatens to complicate trade talks. Meng Wanzhou, chief financial officer of Huawei Technologies Ltd., faces possible extradition to...

World shares skid as Huawei CFO arrest revives trade jitters

Dec. 6, 2018 7:47 AM EST

TOKYO (AP) — World financial markets took another plunge Thursday on concerns that the arrest of a senior official at Chinese telecoms equipment maker Huawei could hinder progress in China-U.S. trade talks. The price of oil also fell even though OPEC was expected to agree on a production cut to support the...

5 things about China's Huawei after executive's arrest

Dec. 6, 2018 6:03 AM EST

China is demanding that Canada release a Huawei Technologies executive arrested for possible extradition to the United States. Huawei's chief financial officer, Meng Wanzhou, was arrested Saturday in Vancouver, Canada. The Globe and Mail newspaper, citing law enforcement sources, said she is suspected of trying...

Asian shares skid as Huawei CFO arrest revives trade jitters

Dec. 5, 2018 11:30 PM EST

TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan's benchmark Nikkei 225 fell 2.1...

Samsung apologizes over sicknesses, deaths of some workers

Nov. 23, 2018 12:28 AM EST

SEOUL, South Korea (AP) — Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after the company and a group...

Smartphone makers bet on foldable screens as next big thing

Nov. 7, 2018 5:46 PM EST

SAN FRANCISCO (AP) — For the past few years, the smartphone industry has been searching for a breakthrough to revive a market mired in an innovation lull and a sales slump. A potential catalyst is on the horizon in the form of flexible screens that can be folded in half without breaking. Samsung and...

Samsung reports 3rd-quarter profit surge on demand for chips

Oct. 31, 2018 2:32 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics Co. has posted a record operating profit for the last quarter with robust demand for its mainstay memory chips compensating for a slowdown in its smartphone business. The South Korean technology giant on Wednesday said its operating profit during the...

Can a holographic screen help a new phone break out?

Oct. 29, 2018 9:39 AM EDT

NEW YORK (AP) — Most leading phones offer the same basics: Big screens, decent battery life and good cameras. So when a newcomer brings something innovative to the party, why is it difficult to break through a phone market dominated by Apple and Samsung? One such smartphone comes out this week from Red, a...

Asian shares mostly lower despite US markets rally

Oct. 26, 2018 12:56 AM EDT

TOKYO (AP) — Asian shares have turned lower after early gains, despite the overnight jump on Wall Street. Worries over corporate earnings, trade and the outlook for growth weighed on sentiment. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 1.1 percent to 21,026.97 on Friday, while South Korea's Kospi...