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 ...

Samsung steps up push into autonomous driving technology

Samsung Electronics Co. said Thursday it will invest 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that makes autonomous driving technologies and safety controls for Audi cars and others, stepping ...

Toshiba says three groups vying for prized chip unit

Toshiba said Thursday that three groups are vying for its memory chip business, as reports said Apple has jumped into the race with a consortium offering to pay about $20 billion for the unit.

SK Hynix posts 'best-ever' quarterly profit

South Korean chipmaker SK Hynix posted record profits in the second quarter of the year, the company said Tuesday, as strong demand for its memory chips used in PCs and computer servers drove up prices.

SK Hynix posts record Q1 profit on mobile chip demand

South Korean chipmaker SK Hynix on Tuesday said profit in the first three months of the year boomed more than 300 percent to a record high as strong demand for memory chips used in mobile phones boosted prices.

Samsung Electronics expects Q1 profits to jump

Embattled Samsung Electronics said Friday it expects profits to jump by half in the first quarter, despite a smartphone recall fiasco and the arrest of its de facto head.

S&P cuts troubled Toshiba's credit rating

Standard & Poor's cut its credit rating on Toshiba again Friday, warning that the troubled company's finances were quickly deteriorating owing to huge losses at its US nuclear unit.

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