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Samsung Electronics
Management and union leaders at Samsung Electronics failed to reach a last-minute deal over wages Wednesday, raising prospects for a strike at the South Korean electronics giant that could rattle global semiconductor supplies and the country's trade-dependent economy. Government officials have threatened to invoke rarely used emergency powers to force a settlement at Samsung, where the union, which represents about 74,000 workers, says the company has failed to offer adequate compensation despite its soaring profits fuelled by the global boom in artificial intelligence. After the latest round of talks ended without a breakthrough on Wednesday, union leader Choi Seung-ho told reporters that unionized workers will begin an 18-day strike from Thursday. Both the union and the management held each other responsible for a failure to reach a deal. Choi accused management of refusing to accept a government-mediated proposal whose details he refused to disclose. Management accused the union
Samsung Electronics has said it will prioritise governance, protect privacy and secure its services to ensure that artificial intelligence (AI) emerges as a 'true companion' of users. The South Korean consumer electronics giant's announcement comes amid a raging debate about consumers' security and privacy in the rapidly evolving AI era. Samsung, which is planning to embed AI in all its products and services starting this year, said its hybrid AI model ensures personal data remains on-device whenever possible, and cloud-based intelligence is used selectively when greater speed or scale is required, giving users flexibility without compromising privacy. Additionally, the company emphasised that trust will grow when AI behaves predictably and securely across devices. Samsung's Shin Baik, the head of its AI Platform Center (APC), highlighted Samsung's open collaboration with industry leaders, such as Google and Microsoft, as a way to strengthen shared security research, interoperabilit
Samsung Electronics has ruled out listing of its India business for now, saying it will instead focus on accelerating artificial intelligence adoption across its products and expanding its consumer finance arm to drive sales in one of the most important growth markets. In an interview with PTI, JB Park, President and CEO of Samsung Southwest Asia, said the South Korean giant is looking to deepen its manufacturing footprint in India and has applied under the production-linked incentive (PLI) scheme for components to manufacture mobile phone displays in India. Samsung runs its largest smartphone manufacturing facility in the world in Noida, which has evolved into a key export hub in recent years. When asked about any possibility of IPO, Park said: "No, we do not have any such plans as of now". While other South Korean peers like Hyundai Motor India and LG Electronics have tapped public markets to raise capital and strengthen their local footprint, Samsung places a preference on inter
Silicon Valley chipmaker Nvidia plans to supply hundreds of thousands of its graphics processing units for projects with South Korean businesses and the government to advance the country's artificial intelligence infrastructure and technologies. The government, Nvidia and leading South Korean chip maker Samsung Electronics announced the plan after South Korean President Lee Jae Myung met Friday with Nvidia's chief executive Jensen Huang. Huang has gotten rockstar treatment reminiscent of Apple's Steve Jobs since arriving in South Korea on Thursday to attend meetings of the Asia-Pacific Economic Cooperation forum in Gyeongju. As the APEC host, South Korea is using the gathering of world leaders to showcase its ambitions in AI. Lee's office said Nvidia will supply around 260,000 GPUs to support South Korea's AI computing capabilities. The company will also work with Samsung and other South Korean technology firms, including SK Hynix and Hyundai, to improve manufacturing processes usi