Latest Samsung Electronics Co Ltd News

FILE - In this Saturday, Aug. 1, 2020, file photo, people walk past an image of an iPhone displayed at an Apple store in Ahmedabad, India. Apple announced Friday, Sept. 18, that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets. The company at present uses third-party online and offline retailers to sell its products in the country. (AP Photo/Ajit Solanki, File)

Apple to launch first online store in India next week

Sep. 18, 2020 3:46 AM EDT

NEW DELHI (AP) — Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets. The company at present uses third-party online and offline retailers to sell its products in the country....

Samsung wins $6.6 billion Verizon contract for 5G network

Sep. 7, 2020 9:25 PM EDT

Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday. The contract runs through 2025, according to a Samsung corporate filing. Samsung and Verizon have worked together before. In 2018, for example, Samsung technology was behind a 5G...

In this undated photo provided by Samsung, Samsung's foldable phone is displayed. Samsung's second attempt at a foldable smartphone will come with a $2,000 price tag and a few elite perks aimed at affluent consumers still able to afford the finer things in life during tough times. The phone, dubbed the Z Fold2, will include a VIP package that will provide access to fancy restaurants and golf clubs to supplement the device's multipurpose design. (Samsung via AP)

Samsung touts $2,000 foldable phone as a 'VIP' experience

Sep. 1, 2020 1:06 PM EDT

SAN RAMON, Calif. (AP) — Samsung's second attempt at a foldable smartphone will come with a $2,000 price tag and a few elite perks aimed at affluent consumers still able to afford the finer things in life during tough times. The phone, dubbed the Z Fold2, will include a VIP package that will provide access...

FILE - In this June 8, 2020 file photo, Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul Central District Court in Seoul, South Korea. Prosecutors on Tuesday indicted Samsung heir Lee on charges of stock-price manipulation and other financial crimes, setting up what could become a yearslong legal battle to determine whether the 52-year-old billionaire illegally cemented his control over the business giant. (AP Photo/Ahn Young-joon, File)

Samsung's Lee indicted over controversial 2015 merger

Sep. 1, 2020 7:07 AM EDT

SEOUL, South Korea (AP) — South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle to determine whether the 52-year-old billionaire illegally cemented his control over the...

Elliott Whitehead of the Canberra Raiders National Rugby League team raises his arms after his try was disallowed during a match against the Melbourne Storm in Canberra, Australia, July 11, 2020. Chinese telecom giant Huawei announced on Monday, Aug. 31, 2020, it is ending its oldest major sporting sponsorship deal in the world when it ends its contract with the Canberra Raiders after nine years, blaming a

Huawei ends sports sponsor deal over Australia 'trade war'

Aug. 31, 2020 4:02 AM EDT

CANBERRA, Australia (AP) — Chinese telecom giant Huawei is ending its oldest major sporting sponsorship deal, saying Monday it was breaking its contract with an Australian rugby league team after nine years because of a “great trade war” between China and Australia. Australia has barred the...

A woman wearing a mask to protect from the coronavirus walks with an umbrella as it rains outside a Huawei store in Beijing on Wednesday, Aug. 5, 2020. For nearly a decade, Huawei kept worldwide sales growing as Washington told U.S. phone companies not to buy its network equipment and lobbied allies to reject China's first global tech brand as a security threat. (AP Photo/Ng Han Guan)

Huawei, long resilient, suffers under tougher US pressure

Aug. 19, 2020 10:16 PM EDT

BEIJING (AP) — For nearly a decade, Huawei kept worldwide sales growing as Washington told U.S. phone companies not to buy its network equipment and lobbied allies to reject China's first global tech brand as a security threat. Focusing on Europe, Asia, Africa and China's booming market, Huawei became the...

FILE - In this July 15, 2020, file photo, visitors wearing masks to curb the spread of the coronavirus look at the latest products at a Huawei store in Beijing. China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. (AP Photo/Ng Han Guan, File)

China says US damaging global trade with Huawei sanctions

Aug. 18, 2020 7:17 AM EDT

BEIJING (AP) — China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation. Rules confirmed Monday by the Commerce Department block suppliers from using U.S....

FILE - In this Oct. 2, 2019, file photo, a Microsoft Surface Duo is displayed in New York. Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago.
The company began taking orders Wednesday, Aug. 12, 2020, for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September. (AP Photo/Mark Lennihan, File)

Microsoft back in the smartphone business with its new Duo

Aug. 12, 2020 9:39 AM EDT

Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September. The high-priced gadget is designed to...

In this Oct. 31, 2019 photo, man uses his smartphone as he stands near a billboard for Chinese technology firm Huawei at the PT Expo in Beijing. Chinese tech giant Huawei kept its global business growing for almost a decade while Washington piled sanctions on the company and lobbied its allies to keep the company out of telecom networks. Now, Huawei is starting to suffer in earnest as the Trump administration steps up efforts to slam the door on access to Western components and markets in a widening feud with Beijing over technology and security. (AP Photo/Mark Schiefelbein)

Huawei: Smartphone chips running out under US sanctions

Aug. 8, 2020 4:52 AM EDT

BEIJING (AP) — Chinese tech giant Huawei is running out of processor chips to make smartphones due to U.S. sanctions and will be forced to stop production of its own most advanced chips, a company executive says, in a sign of growing damage to Huawei’s business from American pressure. Huawei...

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...