Latest Samsung Electronics Co Ltd News

Huawei calls on US to lift export restrictions

Jul. 12, 2019 8:01 AM EDT

SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The "unjust and unfair" decision...

Tensions over history, North keep Japan, South Korea at odds

Jul. 11, 2019 12:20 AM EDT

TOKYO (AP) — Japan and South Korea, two major U.S. allies, are again at odds, this time over Tokyo's decision to tighten controls on exports of sensitive materials that are mainly used in computer chips and display screens used in TVs and smartphones. The tensions reflect animosities that have persisted...

SKorean leader denounces Japanese comments over sanctions

Jul. 10, 2019 10:31 AM EDT

SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Wednesday criticized comments by Japanese officials who questioned the credibility of Seoul's sanctions against North Korea while defending Tokyo's stricter controls on high-tech exports to South Korea. The issue has become a full-blown...

SKorea's Moon calls for diplomatic solution to trade spat

Jul. 8, 2019 6:39 AM EDT

SEOUL, South Korea (AP) — South Korea's president said Monday the country is committed to finding a diplomatic solution to a bitter dispute over tightened Japanese control of exports of high-tech materials used by South Korean companies to produce semiconductors and displays. In a meeting with senior...

Intel, Rio Tinto fall; Deutsche Bank, NorthStar Realty rise

Jul. 5, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Bank of America Corp., up 21 cents to $29.26 Financial stocks bucked the overall downward trend in the market and rose along with bond yields, which allow banks to charge higher rates on loans. NorthStar Realty Europe Corp., up 45...

Samsung predicts 56% drop in 2Q profit on weak chip market

Jul. 5, 2019 3:10 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips. The South Korean tech giant estimated an operating profit of 6.5 trillion won ($5.5 billion) for the April-June quarter,...

Japan export curbs take effect as SKorean officials protest

Jul. 4, 2019 6:41 AM EDT

SEOUL, South Korea (AP) — Tightened Japanese controls on exports of key materials used to make semiconductors and displays took effect Thursday, as South Korean officials vowed to fight back. The Japanese government ordered the more stringent approval process for shipments of photoresists and other key...

The Latest: SKorea summons Japanese envoy over export curbs

Jul. 1, 2019 4:45 AM EDT

TOKYO (AP) — The Latest on Japan's tightening of restrictions on technology exports to South Korea (all times local): 5:50 p.m. South Korea's Foreign Ministry says the vice foreign minister has summoned the Japanese ambassador to Seoul to demand that Japan withdraw restrictions on exports of materials used...

Japan to restrict exports to South Korea, citing less trust

Jul. 1, 2019 4:15 AM EDT

TOKYO (AP) — Japan is imposing restrictions on exports to South Korea, citing a decline in "relations of international trust" between the Asian neighbors. The Ministry of Economy, Trade and Industry said a review soliciting public comments starts Monday on the move to effectively remove South Korea from a...

50 years later, the moon is still great for business

Jun. 24, 2019 1:11 AM EDT

NEW YORK (AP) — Fifty years after humans first visited, businesses are still trying to make a buck off the moon. Hundreds of millions of people were riveted when Apollo 11 landed on the moon on July 20, 1969. Naturally, marketers jumped at the chance to sell products from cars and televisions, to cereal...