Samsung

Surging Samsung Electronics Takes Intel’s Chipmaking Crown

Posted on by ramin

South Korean company becomes largest chipmaker by revenue Samsung Electronics Co. just knocked Intel off its perch as the world’s biggest chipmaker by revenue, a spot the U.S. company has held since 1992. On Tuesday, Samsung reported 2017 chip sales of $69 billion, blowing past Intel’s $63 billion from last year. The switch underlines how[…]

Samsung head arrested over South Korean Choi-gate corruption scandal

Posted on by ramin

Lee Jae-yong, also known as Jay Y Lee, alleged to have paid £30m in bribes to presidential crony Choi Soon-sil The acting head of Samsung, South Korea’s biggest conglomerate, has been arrested in connection with the corruption and influence-peddling scandal that threatens to topple the country’s impeached president, Park Geun-hye. Special prosecutors investigating a scandal[…]