Tag: Samsung Group

Beijing’s 3rd Most Important Official to Visit South Korea as China and US Compete Over Semiconductors

September 4, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomyChip 4 allianceeconomyInternationalSamsung Electronics CoSamsung GroupUS-China relationsWorld
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Li Zhanshu, the third most important figure in the Chinese Communist Party (CCP) and a member of the Politburo Standing Committee, is to visit South Korea in mid-September. According to experts, China and the United States are competing to win over South Korea as it is an important part of the global semiconductor supply chain….

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Samsung Wins Another Big 5G Order in the United States

May 11, 2022
5G mobile networksAsia & PacificBusiness & EconomyCompaniespresidential pardonsSamsung GroupTechTech NewsWorld
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Samsung Electronics Co. has won a huge order to provide 5G communication equipment to Dish Network, marking the company’s second success in the U.S. 5G market. Samsung’s chief Lee Jae-yong, who is currently on parole over a bribery case, played an important role in finalizing the deal, but outgoing President Moon Jae-in said he would…

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South Korean Lobby Groups Call for Presidential Pardon of Samsung Chief Before Biden’s Visit

May 7, 2022
Asia & Pacificlee Jae-yongSamsung Electronics CoSamsung GroupWorld
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U.S. President Joe Biden will visit South Korea and Japan from May 20 to May 24, which will be his first trip to Asia as president. When the visit was still in the planning stage, five South Korean lobby groups called for a presidential pardon to be issued to Samsung Vice Chairman Lee Jae-yong. They…

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Samsung’s New Investment in Texas Accelerates Rebuild of US Supply Chain, Blow for China Expected

December 7, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompanieseconomyLocal NewsRegional-Local NewsSamsung GroupSpecial TopicsTechTech CompetitionTech NewsTech supply ChainTexasUSUS NewsWorld
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Upon Samsung finalizing site selection for its new factory on U.S. soil, South Korean media have commented that the investment is expected to deal a heavy blow to China’s ambitions in becoming a semiconductor giant as the United States moves to secure its own supply-chains. Samsung announced on Nov. 23 that it will invest $17 billion to…

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Samsung’s New Investment in Texas Accelerates Rebuild of US Supply Chain

December 7, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompanieseconomyLocal NewsRegional-Local NewsSamsung GroupSpecial TopicsTechTech CompetitionTech NewsTech supply ChaintechnologyTexasUSUS NewsWorld
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Upon Samsung finalizing site selection for its new factory on U.S. soil, South Korean media have commented that the investment is expected to deal a blow to China’s ambitions in becoming a semiconductor giant as the United States moves to secure its own supply-chains. Samsung announced on Nov. 23 that it will invest $17 billion to build…

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