Sunday, 28 November 2021

Tag Archives: Samsung Electronics

Samsung predicts profit decline as chip market swoons

SEOUL: The South Korean technology giant predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips. Samsung Electronics estimated an operating profit of 7.7 trillion won ($6.4 billion) for the July-September quarter, which would be ...

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Samsung in hot water over splashy smartphone ads

Australia’s consumer watchdog has sued Samsung Electronics Co Ltd’s Australian unit for allegedly misleading consumers by promoting water-resistant Galaxy smartphones as suitable to use in swimming pools and the surf. The world’s largest smartphone maker did not know or sufficiently test the effects of pool or saltwater exposure on its ...

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Samsung faces deceptive advertising charges in France

PARIS: The French subsidiary of Samsung Electronics is facing charges of deceptive marketing over its corporate ethics pledges after local activists complained that the smartphone giant’s practices in its factories, including the use of underage labour, violated human rights, two NGOs said Wednesday. The preliminary charges were lodged in April ...

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Samsung Electronics considers split as investor pressure builds

LONDON: Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund ...

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