Samsung tycoon’s family to sell off art as it faces $11bn inheritance tax bill April 28, 2021 The family of Samsung’s late chairman Lee Kun-hee will donate a vast art collection as it faces a $10.8bn (£7.7bn) inheritance tax bill on his estate following his death last year. Lee, who is credited with transforming the South Korean company into the world’s largest smartphone and memory chip maker, died in October at the [...]
UK to force tech firms to disclose device security plans amid cyber fears April 21, 2021 Tech firms could be forced to tell customers how long their products will be guaranteed to receive security updates under draft new laws outlined today. Manufacturers including Apple, Samsung and Google would have to make upfront disclosures for smart devices such as phones, speakers, fridges and doorbells. The plans form part of efforts to beef [...]
LG exits smartphone market after steady losses April 6, 2021 Korean electronics company LG will leave the smartphone market in July after it failed to match growing competition from China. Once the third-largest mobile phone manufacturer in the world in 2013, LG struggled with the transition to touchscreen smartphones which made its exit inevitable. Despite arriving early to the smartphone party, introducing a touchscreen device [...]
Brits could receive £480m payout in Qualcomm smartphone legal case February 25, 2021 Roughly 29m Brits could be entitled to a £480m payout if a landmark legal claim against US chipmaker Qualcomm is successful. Consumer group Which is suing Qualcomm over claims it breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset market. The lawsuit alleges that this enabled the chipmaker to [...]
Samsung heir back in prison for bribery scandal January 18, 2021 Samsung heir Lee Jae Yong has been sentenced to two and a half years in prison by a high court in South Korea on Monday. Lee, 52, was found guilty of bribing an associate of former president Park Geun-hye and jailed for five years in 2017 but was released after 12 months. The Supreme Court [...]
Samsung executives jailed over destruction of evidence in fraud case December 9, 2019 Eight employees of Samsung affiliates have been found guilty of destroying evidence by a South Korean court, in a case linked to allegations of a $3.9bn accounting fraud suspected to be part of a plot to cement the control of the company’s founding family. Three Samsung Electronics executives were handed jail sentences of up to [...]
Mobile shopping platform Rezolve secures bumper deal with Samsung September 30, 2019 Mobile shopping platform Rezolve has secured a deal with Samsung to make its technology available on the South Korean firm’s smartphones. The London-based tech startup said its product will be embedded directly into Samsung’s Bixby Vision software and will be available in the US later this year. Read more: Samsung prepares to release new foldable [...]
Samsung prepares to release new foldable smartphone after delays September 5, 2019 Samsung’s new foldable phone has been given a brand-new launch date months after having to abandon its initial launch of the product. The Galaxy Fold, which merges a smart phone with an old-school flip phone, will hit the markets in South Korea tomorrow. Read more: Samsung Galaxy Fold ‘ready for launch’ after screen fix After [...]
Samsung Galaxy Fold ‘ready for launch’ after screen fix July 25, 2019 Samsung today said its foldable smartphone will be ready for launch from September after problems with the device’s screen caused its release date to be delayed. Read more: Samsung cuts output at its last Chinese smartphone factory The Galaxy Fold, which is the firm’s first foldable phone, was due to be released in April, but [...]
Samsung cuts output at its last Chinese smartphone factory June 5, 2019 Samsung will cut production at its last remaining smartphone factory in China, as its loses ground on domestic rivals. Read more: Trump: US and UK will reach an agreement on Huawei The reduction comes just six months after the South Korean firm announced the closure of its factory in Tianjin. Another factory in Shenzhen closed [...]