Latest Samsung Electronics Co Ltd News

SKorea vows countermeasures as Japan downgrades trade status

Aug. 2, 2019 6:33 AM EDT

TOKYO (AP) — Japan's Cabinet on Friday approved the removal of South Korea from a list of countries with preferential trade status, prompting retaliation from Seoul where a senior official summoned the Japanese ambassador and told him that South Koreans may no longer consider Japan a friendly nation. The...

Japan-Korea trade spat to intensify with new export limits

Jul. 29, 2019 8:26 AM EDT

TOKYO (AP) — Antagonisms between South Korea and Japan are already at the boiling point. They're bound to deepen with Tokyo's plan to expand controls over exports of sensitive materials by dropping its neighbor from a list of 27 countries granted preferential trade status. The decision, expected soon, will...

Apple buys Intel's smartphone modem division for $1 billion

Jul. 25, 2019 5:56 PM EDT

SAN FRANCISCO (AP) — Apple is paying Intel $1 billion for the chip maker's smartphone modem division in a deal driven by the upcoming transition to the next generation of wireless technology. The agreement announced Thursday comes three months after Apple ended a long-running dispute with one of Intel's...

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...