Samsung Electronics Co. is taking another shot at the dominance of Apple's iPad with a tablet equipped with a digital pen and a split screen mode at the same price tag. Apple's latest iPad starts at the same price but the Note 10.1 offers some features that the iPad doesn't have, while its screen resolution is lower than the iPad's. It is Samsung's first Android tablet equipped with a digital pen and can run two applications side-by-side on a screen divided in half. … [Read more...] about Samsung starts US, UK sales of Galaxy Note 10.1
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Samsung plans to invest $380 million and hire nearly 1,000 workers for a new plant in South Carolina to manufacture home appliances, the company announced Wednesday. Samsung Electronics America described it as a "state of the art" facility that starting next year will build premium home products, including washing machines, and will be staffed with craftsmen, engineers and operators. U.S. Commerce Secretary Wilbur Ross, who is leading President Donald Trump's "America First" manufacturing and trade strategy, applauded the announcement and appeared at a signing ceremony with South Carolina officials. Ross said in a statement the investment was "a direct reflection of the fact that America is becoming an even stronger destination for global businesses looking to grow.” Samsung said ultimately facility in the southern U.S. state will be "serving as the U.S. hub for home appliance manufacturing across the business unit." "For nearly 40 years, Samsung has steadily … [Read more...] about Samsung to invest $380 mln, add almost 1,000 jobs in US
Samsung’s mobile manufacturing and trading facilities suffered massive losses after revenue took a plunge in the third quarter of this year due to the break-down of faulty Samsung Galaxy Note 7 units, according to newswire Cafef. Notably, according to its financial report, Samsung Electronics Vietnam (SEV), one of the facilities producing the faulty Samsung Galaxy Note 7, reported a loss of VND3 trillion ($131.98 million) and a 30 per cent, VND32 trillion ($1.41 billion), reduction in revenue compared to the second quarter. However, according to the accumulated statistics, SEV earned VND25 trillion ($1.09 billion) in net profit in the three quarters of this year. Samsung’s another mobile manufacturing facility, Samsung Huizhou in China, and its US mobile trading arm Samsung Electronics America reported losses of $307.59 million and $114.9 million, respectively. Earlier in October, Samsung Electronics officially announced a loss of approximately $3.1 billion in profits … [Read more...] about Samsung’s facilities suffer massive losses in third quarter
SAN FRANCISCO: The US Consumer Product Safety Commission on Thursday (Sep 15) announced a recall of around one million Samsung Galaxy Note 7 smartphones plagued by incidents of batteries bursting into flames. The move by the US safety agency formalises the recall underway in 10 countries after reports of faulty batteries that caused some handsets to explode during charging. Samsung meanwhile announced replacements for the faulty phones would be available to US customers next week. In the United States, there have been 92 reports of batteries overheating, including 26 reports of burns and 55 reports of property damage, including fires in cars and a garage, the commission said in a notice. The US notice affects around one million of the global total of 2.5 million handsets being recalled, which has cast a cloud over the South Korean electronics giant and world's largest smartphone vendor. Samsung has advised consumers in 10 countries to trade their handsets for temporary replacement … [Read more...] about One million Samsung smartphones in US recall
Samsung finds itself in hot water with its last year overly wrought with exploding mobile phones and political scandals. Will this affect the group’s plans in Vietnam? Currying favour Samsung heir Lee Jae-Yong had a less-than-ideal Valentine’s day this year, as Seoul prosecutors looking into the recent bribery allegations brought against him announced intentions to make a second attempt to arrest him. The scandal centres on impeached South Korean President Park Geun-Hye’s confidante Choi Soon-Sil, who is accused of using her ties to the president to strong-arm local firms to “donate” nearly $70 million to two non-profit foundations, which Cho allegedly used for personal gain. As reported before, Samsung was the single biggest donor, giving millions of euros to Choi and her daughter, allegedly in exchange for policy favours from Park in return. After his father’s heart attack in 2014, Lee has become the de facto head of the Samsung Group. According … [Read more...] about Fate of Samsung’s investments in Vietnam questionable?