Samsung CEO to Resign

Samsung Electronics announced today Vice Chairman Oh-Hyun Kwon plans to resign as the company’s head of the Device Solutions Business and will not seek re-election as a member of the Board of Directors and the Chairman of the Board when his term ends in March, 2018. Vice Chairman Kwon will also resign as the Chief…

Tessera Files Lawsuit Against Samsung for Patent Infringement

Tessera Technologies, Inc. (“Tessera”) and certain of its subsidiaries filed legal proceedings today against Samsung Electronics, Co., Ltd. (“Samsung”) and certain of its affiliates, alleging infringement of 24 patents that cover a wide range of semiconductor processing, bonding, and packaging technologies, as well as imaging technologies. Tessera is a subsidiary of Xperi Corporation(Nasdaq: XPER) (the “Company” or…

Samsung Funds Autonomous Driving Tech

Today, Samsung Electronics Co. Ltd., established the Samsung Automotive Innovation Fund, a new $300-million fund focused exclusively on the automotive market. The Samsung Automotive Innovation Fund will focus on connected car and autonomous technologies, including smart sensors, machine vision, artificial intelligence, high-performance computing, connectivity solutions, automotive-grade safety solutions, security, and privacy. In addition to the fund, HARMAN, which…

Samsung Electronics to Acquire Harman

Samsung Electronics and Harman International Industries, Incorporated today announced that they have entered into a definitive agreement under which Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion.  Upon closing, the transaction will immediately give Samsung a significant presence in the large and rapidly growing market…

Samsung Smartphone Recall Nightmare: A Personal Story, Part 2

Samsung Electronic Inc.’s fix for its Galaxy Note 7 battery problem came too late for many folks. Too late, for those hurt by the phone’s exploding battery. Too late for those who chose competing handsets as replacement once news began spreading about the defective battery. It also came too late for many loyalists disappointed by…

Samsung Begins Mass Production of Fastest DRAM

Seoul, Korea – Samsung Electronics Co., Ltd., announced today that it has begun mass producing the industry’s first 4-gigabyte (GB) DRAM package based on the second-generation High Bandwidth Memory (HBM2) interface, for use in high performance computing (HPC), advanced graphics and network systems, as well as enterprise servers. Samsung’s new HBM solution will offer unprecedented…