Samsung Electronics is expanding its influence in the North American region, including Canada and the United States, by leading with its Open RAN solution. The company plans to strengthen its position in the global telecommunications equipment market, which is currently dominated by Huawei, Ericsson
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
Samsung Electronics has recently recruited two executives from Ericsson to expand its telecommunications equipment business.The company recently established a new business strategy task force (TF) under its network division. Managing Director Henrik Jansson, recruited from Ericsson, was appointed to
KT announced on Nov. 8 that its CEO Koo Hyun-mo has been re-elected as a member of the GSMA board of directors.The GSMA board of directors is the highest decision-making body in the mobile communication industry, composed of CEO-level executives from over 800 telecommunication companies around the w
Korea Trade Insurance Corp. (K-SURE) announced on Sept. 22 that it will provide US$1.2 billion (about 1.7 trillion won) in financing for a network construction project promoted by Verizon, a U.S. mobile carrier. Samsung Electronics has signed a contract with Verizon to supply 5G network equipment wo
Samsung Electronics’ inventories increased by more than 10 trillion won in half a year, as consumer sentiment has been on the wane due to high inflation and high interest rates.The company's inventories stood at 52.09 trillion won as of the end of June, up 10.71 trillion won (25.9 percent) from
Microsoft has been found to be the company with the largest number of patents related to the metaverse. It was followed by Samsung Electronics.Microsoft and Samsung own 158 and 122 patents on the metaverse, respectively, according to IALE Technology, a Spanish consulting firm. The metaverse refers t
The author is an analyst of Shinhan Investment Corp. He can be reached at ym.ko@shinhan.com. -- Ed. 2022 likely to be different from 2021Companies saw a meaningful rebound in both earnings and share prices in 1H21 on the start of shipments to Samsung Electronics for equipment bound for Verizon. Howe
Qualcomm was included among Samsung Electronics’ top five corporate customers in the first quarter of 2022. Qualcomm's inclusion was due to a big foundry order that it placed with Samsung.The top five corporate customers were Apple, Best Buy, Deutsche Telecom, Qualcomm, and Supreme Electronics,
Samsung Electronics will supply 5G mobile communication equipment to Dish Network, the fourth-largest mobile operator in the United States, the company announced on May 4.The value of the deal amounts to more than 1 trillion won, the second largest in the history of Samsung Electronics’ 5G equipment
The Federation of Korean Industries recently analyzed the top 10 sales companies in the United States, South Korea and Japan and announced on March 17 that the 10 South Korean companies signed 260 M&A deals for the past 10 years while the 10 Japanese and 10 U.S. companies signed 787 and 751 deals, r
Samsung SDS is gearing up to penetrate the global cloud managed service provider (MSP) market in earnest.The company announced on Feb. 17 that it has formed a strategic mutual cooperation partnership with Amazon Web Services (AWS) to participate in AWS Exclusive Global Business Network. The network
Samsung Electronics is expanding its presence in the global 5G equipment market. Following the start of 5G services in the United Kingdom, Samsung’s 5G network business is expected to gain momentum with the launch of 5G services in the United States.Vodafone’s British subsidiary launched the first c
Lawmaker Yang Jung-suk tabled a bill to force major value-added common carriers to conclude contracts and pay adequate costs regarding the use of an information and communications network.“The data traffic that Netflix caused in relation to SK Broadband was 50 Gbps in May 2018 and 1,200 Gbps in Sept
A survey has found that Hyundai Motor Co. is the No. 1 brand that is searched on Google with “incorrect spellings.” Although the number of searches is increasing due to the increased brand interest in Hyundai Motor, many foreigners searched for the Korean automaker with an incorrect spelling due to
Samsung Electronics vice chairman Lee Jae-yong returned home on Nov. 24 from a business trip to North America for the first time in five years.“I feel under heavy pressure after listening to the voices of our officials in the U.S. and seeing the harsh market realities in person,” Lee said, upon arri
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. 3Q21review: Earnings sluggish but continuing on a YoY uptrendRFHIC posted operating loss of KRW100mn (continued loss YoY) on sales of KRW19.1bn (+96% YoY) for
Samsung Electronics announced on Oct. 15 that it has pushed the limits of 5G technology by reaching upload speeds of 711 Mbps in a recent lab trial using aggregated bands of mmWave spectrum. The trial was jointly carried out with Verizon and Qualcomm at a lab located in Texas.The company said 700+ M
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. Samsung-bound shipments to hit a yearly high in 3Q21Shipments of components to Samsung Electronics are forecast to hit this year’s high in 3Q21. They may come
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. Top-line growth resumes and earnings improvement starts in 2QAce Technologies reported sales of KRW58.6bn (+1% YoY) and operating loss of KRW0.9bn for 2Q21. Op