Thu, Jan. 1, 2:52 AM
- After failing to launch a Tizen-powered smartphone, Samsung Electronics (OTC:SSNLF) is now attempting to power every one of its Smart TVs in 2015 with its homegrown operating system.
- Together with Intel (NASDAQ:INTC), Samsung has been developing Tizen for years, with an initial focus of bringing the platform to its smartphones as an alternative to Google’s Android operating system.
Dec. 24, 2014, 11:20 AM
- Samsung has decided to close its flagship Experience Store in London, after opening around 10 stores across the U.K. since April and launching more than 20 others across Europe.
- The store had been seen as its main retail base in the country, playing host to a number of product launches in the past year.
- Samsung’s (OTC:SSNLF) electronics arm has faced a difficult year, suffering from falling earnings due to slumping smartphone sales. In response, the group has executed a management shake-up and cut back on its smartphone portfolio.
Dec. 19, 2014, 4:04 AM
- Looking to boost returns to shareholders amid a slump in earnings, Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is considering increasing its full-year dividend by as much as 50%. A final decision will be made by its board at the end of January.
- The dividend announcement comes less than a month after the electronics maker said it will buy back $2B of stock amid a company-wide restructuring.
- Samsung paid out 14,300 won ($13) per share in dividends last year.
Dec. 16, 2014, 11:49 AM
- Re/code reports Samsung (OTC:SSNLF) is talking with offline payments startup LoopPay about launching an Apple Pay rival that would work with virtually all credit/debit card terminals in existence.
- Whereas Apple Pay relies on NFC radios to transmit payment data (and thus requires terminals to support NFC), LoopPay's solution transmits a magnetic signal similar to that of a swiped card. Though the technology currently requires a card case or fob to work, Samsung (and other OEMs) could integrate it into future phones.
- Visa is a LoopPay investor. CEO Will Graylin recently promised LoopPay's tech would be embedded into a 2015 smartphone that would have "massive penetration," but didn't name the maker. He added the deal would also allow LoopPay to work with NFC, which could prove crucial as retailers phase out standard card swipes in favor of chip-and-PIN (EMV) terminals.
Dec. 11, 2014, 1:54 PM
- Thanks to Apple's huge A8 CPU orders, TSMC (TSM +0.6%) had November revenue of $2.32B, -10.5% M/M (seasonality) but +64.1% Y/Y. October sales were up 55.9% Y/Y.
- Sources tell Digitimes sales are also expected to fall M/M in December, but add TSMC is still set to hit Q4 revenue guidance of NT$117B-$120B ($3.74B-$3.84B).
- Meanwhile, Samsung (OTC:SSNLF) has begun producing chips using its next-gen 14nm FinFET process for an unnamed client (quite possibly Apple), a little earlier than expected. The process is expected to be used to make Apple's A9 CPU (going into 2015 iDevices), as well as upcoming Qualcomm processors.
- TSMC might also be responsible for some A9 output, via its 16nm FinFET process (set to enter mass-production in Q2 2015).
Dec. 10, 2014, 6:21 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is merging Samsung Electronics America and Samsung Telecommunications America, two sales subsidiaries in the U.S., to enhance efficiency and streamline its organization.
- The move follows a recent reshuffle of Samsung Electronics' senior management and the trimming of its smartphone portfolio to combat declining profit.
Dec. 2, 2014, 4:11 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is selling its fiber optics business to U.S. glass panel supplier Corning (NYSE:GLW).
- The sale includes Samsung Electronics' production facilities for the business in China and South Korea, a company spokeswoman said, although she declined to comment on details of the sale, including the price.
Dec. 1, 2014, 2:11 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) announced a modest reshuffle at its business units today that leaves almost all of its key unit chiefs in place, disappointing investors who had hoped for a major management shake-up amid slumping market share and profits.
- The South Korean company opted not to jettison J.K. Shin, chief executive of its mobile division, or his two co-chief executives – B.K. Yoon and Kwon Oh-hyun, who head the component and consumer electronics businesses respectively.
- Previously: Management shake-up at Samsung, mobile chief likely to be replaced
Nov. 26, 2014, 9:14 AM
- Samsung's (OTC:SSNLF) buyback is its first since 2007, and is equal to over 1% of a current market cap of $184B. The tech/electronics giant will buy back 1.65M common shares and 250K preferred shares.
- The buyback comes with Samsung's shares down over 20% from their early-2013 highs due to mobile share losses/price pressure. Bulls have argued the company's chip and display ops remain in good shape - the former has been buoyed by strong DRAM/NAND sales.
Nov. 26, 2014, 2:37 AM
- Just a day after it was revealed that Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is planning a major management shake-up next month, Samsung has announced that it will sell controlling stakes in its chemical and defense units for 1.9T won ($1.7B).
- Samsung affiliates, including Samsung Electronics, will sell a combined 57.6% stake in Samsung General Chemicals and a 32.4% stake in Samsung Techwin to Korean conglomerate Hanwha Group.
- Update: Samsung will buy back shares valued at 2.19T won ($2B) following the sale.
Nov. 24, 2014, 5:22 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is planning a major management shake-up next month, as Lee Jae-yong, the technology group’s presumed heir, looks to cement his control over the company as his father remains hospitalized following a heart attack in May.
- The leadership changes, likely to be announced next week, could declare the replacement of Shin Jong-kyun, head of the group's mobile division.
- Last month, Samsung reported its weakest quarterly earnings in three years, prompting the group to cut back on its smartphone portfolio.
Nov. 18, 2014, 2:15 AM
- In a move to combat declining profit and high costs, Samsung (OTC:SSNLF, OTC:SSNGY) is cutting the number of smartphone models it offers next year by 25% to 30%. In October, Samsung reported a 49% drop in Q3 net profit.
- The decision will help Samsung reduce its large smartphone portfolio and better compete with cheaper models from rivals, such as Xiaomi.
Nov. 17, 2014, 5:27 PM
- BMO's Keith Bachman reports seeing improved U.S. iPhone 6 (NASDAQ:AAPL) supplies. "Whereas the iPhone 6 Plus was very hard to find a few weeks ago, supply has improved ... Whereas Apple stores were sold out of virtually all iPhone 6 models a few weeks ago, retail stores now appear to have almost half of the iPhone 6 models across the various carriers available for walk-in."
- Bachman does note there's still "virtually no available stock of iPhone 6 at carrier partner stores, such as AT&T and Verizon." However, online wait times at carrier stores have fallen in half to ~10 days.
- Apple's U.S. site typically shows wait times of 7-10 days for the iPhone 6, and 3-4 weeks for the 6 Plus. In October, there were multiple reports stating Apple is boosting 6 Plus production.
- Apple has added UnionPay, China's dominant payment-processor, as an App Store payment option. UnionPay credit/debit card holders will be able to link their cards with their Apple IDs, something Internet software/services chief Eddy Cue calls "one of the most requested features from [Apple's] customers in China." Quartz notes the agreement could pave the way for an Apple Pay deal.
- The Korea Times reports Samsung (OTC:SSNLF) will supply 80% of Apple's A-series app processors starting in 2016, thanks to a new agreement.
- While TSMC (NYSE:TSM) is manufacturing Apple's 20nm A8 processors, Samsung has been expected to supply a large portion (if not all) of Apple's A9 processors, leveraging a 14nm FinFET (3D transistor) process it's developing with Globalfoundries.
Nov. 13, 2014, 2:17 PM
- DirecTV (DTV +0.2%) will be the first pay-TV major to offer 4K UltraHD content to its subscriber base beginning tomorrow.
- 19 films from Paramount Pictures and K2 Communications will be available initially in the format.
- The company tipped off during its earnings conference call last week that 4K channels will be introduced in 2015.
- Samsung (OTC:SSNLF, OTC:SSNGY) is a partner with DirecTV on the UHD initiative.
- DirecTV earnings call transcript
Nov. 12, 2014, 7:12 AM| Nov. 12, 2014, 7:12 AM | Comment!
Nov. 10, 2014, 2:38 AM
- Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is planning on building a $3B smartphone plant in northern Vietnam, bringing the company's total investment pledges in the country this year to around $11B.
- Samsung has been increasing production in Vietnam to reduce costs and better compete with the low-priced smartphones of Chinese rivals.
- The factory will be built in the Thai Nguyen province, where it opened a $2B smartphone plant in March.
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