Samsung Electronics Executive Chairman Lee Jae-yong visited the Middle East during Korea’s extended Chuseok harvest holidays, a move to seek new business opportunities in the region and to encourage Samsung employees overseas.
The U.S. government is expected to indefinitely extend Korean chipmakers’ one-year exemptions on controls concerning chip technology exports to China, clearing up some uncertainties surrounding local companies’ Chinese chip operations.
Samsung Electronics plans to revive its Exynos processor with the Galaxy S24 series launch next year, potentially boosting its core businesses including smartphones and chip manufacturing.
Samsung Electronics has made its case that it never traded with Huawei after the 2020 U.S. sanctions, following the report that some of its chips are in the phones sold by the Chinese manufacturer.
Broadcom called the FTC's decision "regretful" in a statement Monday, adding it will take the case to the Seoul High Court.
While the announced final “guardrails” resolve some of the uncertainties surrounding Korean chipmakers’ operations in China, they only partially reflected the Korean government’s requests in March.
Apple's decision to maintain the price range of its iPhone 15 series has been met with criticism in Korea due to the weakening currency rate. Consumers feel excluded from the first tier of launch countries.
The Fair Trade Commission (FTC) announced the decision on Thursday, following an investigation initiated by the complaint of Qualcomm, a main competitor of Broadcom.
U.S. Commerce Secretary Gina Raimondo said Tuesday the final version of the so-called guardrails that limit production expansion in China will be ready within a few weeks, alarming Korean chipmakers running factories in China.
Samsung SDI's operation sites in Korea have achieved Platinum status for diverting waste from landfills or incineration, indicating their efforts for resource circularity.
Korea JoongAng Daily Sitemap
