Samsung says that the three-year spending plan for strategic businesses such as semiconductors, biopharmaceuticals, and telecommunications is being prepared in anticipation of "great changes" following the COVID-19 pandemic.
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Lee Don-tae, former co-president of UK design consulting firm Tangerine, founded by Apple's Jony Ive, has been hired by Samsung Electronics as its new head of global design.
Samsung has launched the 'retro' Galaxy Folder 2 flip phone that sports a touchscreen and a feature phone-like design.
Since launching in August last year, Samsung Pay has hit 2 trillion won in transactions in its home country of South Korea.
69.53 percent of Samsung C&T shareholders voted in favour of a buyout from its de facto holding company, Cheil Industries, despite opposition from U.S. hedge fund, Elliott Associates.
Samsung expects operating profits of 8.1 trillion won ($7 billion) and revenues of 50 trillion won for the second quarter -- its highest since the first quarter of 2014 -- thanks to strong sales of the Galaxy S7 and S7 Edge.
Samsung has sold its stakes of ASML, Seagate, Rambus, and Sharp, the company announced, to focus on its 'core businesses'.
Korean department chain Shinsegae, which offers its own payment solution SSG Pay, will allow Samsung Pay to be used in its stores after initially resisting it.
Samsung's S-Detect applied to its ultrasound examination device RS80A uses big data to assist doctors in the diagnosis of breast tumours.
Samsung Group is to sell its defence and military affiliates for almost $2 billion to compatriot Hanwha, a financial and defence conglomerate, as part of its group-wide restructuring plan to streamline businesses, reports ZDNet Korea.