Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong would value the Beijing-based company at as much as $70.3…
Xiaomi: A Chinese Startup Out to Challenge Google, Amazon
Xiaomi, a Chinese cellphone maker that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would possibly be the biggest tech initial public offering since e-commerce giant Alibaba’s in 2014. The 8-year-old is a star among Chinese unicorns, a term that refers to startup companies that are valued at more than $1 billion.…
Samsung Joins Global Pledge to Increase Renewable Energy Use
Samsung Electronics Co., the world’s biggest smartphone maker, joined on Thursday a growing list of companies that are promising to increase their use of solar and other renewable energy to help curb global warming. Samsung, part of South Korea’s biggest corporate group, is the first Asian electronics manufacturer to join a movement spearheaded by Apple…
To Give or Not Samsung Phone to North Korean Olympians
Here is an Olympian question that Pyeongchang Winter Olympics organizer is wrestling with: to give or not to give the Samsung Galaxy phone to the 22 North Korean athletes. Olympic Partner Samsung Electronics has donated some 4,000 Galaxy Note 8 phones for athletes and officials at the International Olympic Committee so that they can document…
Head of Samsung’s Booming Semiconductor Business to Resign
The chairman of Samsung Electronics Co.’s board of directors, who has been the public face of the company after its de facto chief was jailed on corruption charges, said Friday he will resign next year to make way for a new leader. “As we are confronted with unprecedented crisis inside out, I believe that time…
Hi Bixby: Samsung Phone’s Voice Assistant Now Speaks English
SEOUL, South Korea (AP) — Samsung Electronics said its Bixby voice assistant for smartphones will start speaking English but only in two countries: South Korea and the U.S. The South Korean tech giant said starting Wednesday, users of the Galaxy S8 smartphones can speak in American English to their phones to turn on the flashlight,…
Massive Data Growth Fuels Samsung’s Record Quarterly Profit
Samsung Electronics Co. said Friday its second-quarter operating profit soared to the highest in its history as massive data growth fueled a boom in the semiconductor sales and helped defy sluggish growth in the smartphone market and a slow recovery in the global economy. In its earnings preview, the South Korean tech giant put its…
Samsung: Batteries Only Problem with Fire-Prone Note 7s
SEOUL, South Korea (AP) — Samsung Electronics said Monday that tests of more than 200,000 Galaxy Note 7 smartphones found defects in two sets of batteries from two different manufacturers that made the devices prone to catch fire. Samsung’s mobile division president, Koh Dong-jin, ruled out any problems with other aspects of the Note 7,…
527 South Koreans Seek Note 7 Payback from Samsung
SEOUL, South Korea (AP) — Hundreds of South Korean Galaxy Note 7 smartphone owners filed a lawsuit against Samsung Electronics on Monday over its handling of the fire-prone device. Attorney Peter Young-Yeel Ko, head of the Harvest Law Firm, said the 527 plaintiffs want Samsung to compensate them for the costs to visit shops to exchange their…
Samsung Note 7 Recall to Cost At Least $5.3 Billion
SEOUL, South Korea (AP) — Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost of the recall to at least $5.3 billion. The Note 7 discontinuation will cost in the mid-2 trillion won range during the October-December period…