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Samsung Electronics wins US$ 6.6 billion deal to supply Verizon with 5G equipment

삼성, 미국 5G 시장 본격진출…8조원 규모 5G 장비 계약

Samsung Electronics signed one of its biggest 5G contracts to date with Verizon.
This comes as American companies are looking for new partners now that the Trump administration is restricting business with China’s Huawei.
Eum Ji-young has the full story.
Samsung Electronics is about to greatly expand its presence in the U.S. market for 5G networking gear.
The company announced on Monday that it’s sealed a six-point-six billion dollar deal with the U.S. wireless carrier Verizon.
Samsung will provide Verizon with mobile communications solutions over the next five years under one of Samsung’s biggest 5G deals to date.
Companies in the U.S. have been looking for new partners as the Trump administration cuts them off from trade with the Chinese firm Huawei.
“Samsung is apparently benefiting from the U.S. government’s sanctions on Huawei. This is likely to work to the benefit of South Korea’s economy. Many 5G parts makers in South Korea will benefit from Samsung’s deal with Verizon.”
The U.S. is the world’s biggest market for 5G equipment, accounting for 25 percent of global sales, and Verizon is the number one American wireless carrier with about 94 million subscribers.
Recent data from U.S.-based market tracker Dell’Oro Group said that in the global market for 5G network equipment, Samsung had a share of 13-point-2 percent as of the first quarter of 2020. Huawei had the largest share with almost 36 percent followed by Ericsson and Nokia.
Samsung was also selected in June as the 5G equipment provider for Canadian telecom company TELUS.
Eum Ji-young Arirang News.

#Samsung_Electronics #5G #equipment

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Samsung Electronics wins US$ 6.6 billion deal to supply Verizon with 5G equipment

삼성, 미국 5G 시장 본격진출…8조원 규모 5G 장비 계약

Samsung Electronics signed one of its biggest 5G contracts to date with Verizon.
This comes as American companies are looking for new partners now that the Trump administration is restricting business with China’s Huawei.
Eum Ji-young has the full story.
Samsung Electronics is about to greatly expand its presence in the U.S. market for 5G networking gear.
The company announced on Monday that it’s sealed a six-point-six billion dollar deal with the U.S. wireless carrier Verizon.
Samsung will provide Verizon with mobile communications solutions over the next five years under one of Samsung’s biggest 5G deals to date.
Companies in the U.S. have been looking for new partners as the Trump administration cuts them off from trade with the Chinese firm Huawei.
“Samsung is apparently benefiting from the U.S. government’s sanctions on Huawei. This is likely to work to the benefit of South Korea’s economy. Many 5G parts makers in South Korea will benefit from Samsung’s deal with Verizon.”
The U.S. is the world’s biggest market for 5G equipment, accounting for 25 percent of global sales, and Verizon is the number one American wireless carrier with about 94 million subscribers.
Recent data from U.S.-based market tracker Dell’Oro Group said that in the global market for 5G network equipment, Samsung had a share of 13-point-2 percent as of the first quarter of 2020. Huawei had the largest share with almost 36 percent followed by Ericsson and Nokia.
Samsung was also selected in June as the 5G equipment provider for Canadian telecom company TELUS.
Eum Ji-young Arirang News.

#Samsung_Electronics #5G #equipment

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Samsung Electronics to manufacture IBM’s new enterprise hybrid cloud processor chip

삼성, 차세대 IBM CPU 위탁생산한다…파운드리 경쟁력 입증

IBM has unveiled a new processor chip for enterprise hybrid cloud computing,… which will be manufactured by South Korea’s Samsung Electronics.
The U.S. tech giant says the POWER10 chip is designed by IBM and will be produced using Samsung’s 7-nanometer manufacturing technology.
The chip will become IBM’s first commercialized processor built using such tech.
IBM says it has been partnered with Samsung on research and development for more than a decade.
The chip is expected to help Samsung achieve its target of challenging rivals like Taiwan’s TSMC and U.S. Qualcomm in the global non-memory chip market.

#SamsungElectronics #IBMsnewprocessorchip #enterprisehybridcloudprocessorchip

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Samsung Electronics to manufacture IBM’s new enterprise hybrid cloud processor chip

삼성, 차세대 IBM CPU 위탁생산한다 … 파운드리 경쟁력 입증

IBM has introduced a brand-new processor chip for business crossbreed cloud computer, … which will certainly be manufactured by South Korea’s Samsung Electronics.
The U.S. tech titan states the POWER10 chip is designed by IBM as well as will certainly be generated utilizing Samsung’s 7-nanometer production technology.
The chip will become IBM’s very first commercialized cpu developed making use of such technology.
IBM states it has been partnered with Samsung on r & d for greater than a years.
The chip is expected to assist Samsung attain its target of tough opponents like Taiwan’s TSMC as well as U.S. Qualcomm in the international non-memory chip market.

#SamsungElectronics #IBMsnewprocessorchip #enterprisehybridcloudprocessorchip

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Samsung Electronics unveils 5 new devices at ‘Galaxy Unpacked 2020’

갤럭시 5형제 베일 벗었다 … 삼성 첫 온라인 언팩

Samsung Electronics going difficult and also huge
The world’s leading electronic titan has revealed its most recent collection of Galaxy phones and modern gadgets.
And it was the first-ever online unloading event for the Korean technology company in this time of COVID-19 pandemic.
Kim Dami has much more.
Samsung Electronics’ most current set of Galaxys has been unpacked.
After throwing large-scale unpacked occasions in the past, the Wednesday edition was real-time streamed online for the very first time as a result of the COVID-19 pandemic.
Attaching with some 3-hundred followers and a million visitors worldwide, the unpacked program was as glamorous as well as lively as ever.
Samsung is positive its most recent gadgets will lead the following regular age of non-contact modern technology.
” Together, they’re component of the growing Samsung environment. At the end of the day, we’re regarding equipping you, so that in these hard times, you can concentrate on what truly matters.”
Applauded by American singer Khalid, Samsung’s most recent Galaxy Note 20 comes with a pen that responds 80 percent much faster than its precursor.
As well as professional player Myth additionally enjoyed himself playing video clip games by attaching his Galaxy Note 20.
The Galaxy Note 20 can be found in 2 models, … one normal level display design and also the ultra version with a six-point-nine inch display screen.
Introducing on August 21st, they’ll go on sale for a thousand U.S. bucks and 12-hundred dollars respectively.
The tech titan’s 2nd version of Z Fold is back … this moment larger and bigger.
Calling the collapsible phone ingenious, K-pop team BTS likewise unboxed and also played around what’s been identified as the most innovative adaptable display ever before.
Constructed out of recycled products, Samsung’s Galaxy Buds Live have 3 microphones each side with an extra voice pickup unit, reducing background sound when users answer phone calls.
Samsung’s Galaxy Watch 3 is thinner, smaller sized and also lighter … while having a larger display screen than its previous design.
Similar to the Galaxy Note 20, the Galaxy Tab S7 provides 5G solution with an 11-inch screen.
With these most recent items, Samsung intends to get better from bad Galaxy S20 sales because of the worldwide dilemma.
It plans to set up Galaxy workshops across Seoul for customers to take a more detailed look and broaden the ‘Galaxy To-go’ service where people can lease smart devices before they actually buy the device.
Kim Dami, Arirang News.

#SamsungElectronics #GalaxyUnpacked 2020 #COVID 19.

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Samsung Electronics unveils 5 new devices at ‘Galaxy Unpacked 2020’

갤럭시 5형제 베일 벗었다…삼성 첫 온라인 언팩

Samsung Electronics going big and hard
The world’s leading electronic giant has unveiled its latest set of Galaxy phones and state-of-the-art devices.
And it was the first-ever online unpacking event for the Korean tech firm in this time of COVID-19 pandemic.
Kim Dami has more.
Samsung Electronics’ latest set of Galaxys has been unpacked.
After throwing large-scale unpacked events in the past, the Wednesday edition was live streamed online for the first time due to the COVID-19 pandemic.
But connecting with some 3-hundred fans and a million viewers worldwide, the unpacked show was as glamorous and lively as ever.
Samsung is confident its latest devices will lead the next normal era of non-contact technology.
“Together, they’re part of the growing Samsung ecosystem. At the end of the day, we’re about empowering you, so that in these difficult times, you can focus on what really matters.”
Praised by American singer Khalid, Samsung’s latest Galaxy Note 20 comes with a pen that reacts 80 percent faster than its predecessor.
And pro gamer Myth also enjoyed himself playing video games by connecting his Galaxy Note 20.
The Galaxy Note 20 comes in two models,… one regular flat display model and the ultra model with a six-point-nine inch display.
Launching on August 21st, they’ll go on sale for a thousand U.S. dollars and 12-hundred dollars respectively.
The tech giant’s second edition of Z Fold is back…this time larger and wider.
Calling the foldable phone innovative, K-pop group BTS also unpacked and played around what’s been labeled as the most advanced flexible display ever.
Made out of recycled materials, Samsung’s Galaxy Buds Live have three microphones each side with an additional voice pickup unit, minimizing background noise when users answer calls.
Samsung’s Galaxy Watch 3 is thinner, smaller and lighter…while having a larger display than its previous model.
Just like the Galaxy Note 20, the Galaxy Tab S7 offers 5G service with an 11-inch display.
With these newest products, Samsung aims to bounce back from poor Galaxy S20 sales due to the global crisis.
It plans to set up Galaxy studios across Seoul for customers to take a closer look and expand the ‘Galaxy To-go’ service where people can rent smartphones before they actually purchase the device.
Kim Dami, Arirang News.

#SamsungElectronics #GalaxyUnpacked2020 #COVID19

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Samsung and LG Electronics both see operating profit in Q2

삼성전자 2분기 영업이익 8조1463억원, LG도 ‘가전’의 힘으로 선방

Samsung Electronics saw its earnings soar as sales were boosted by millions working and learning from home during the virus pandemic.
LG also topped market expectations on strong home appliance sales.
Kim Sungmin has our top story.
Samsung Electronics’ operating profit for the second quarter of 2020 amounted to around six-point-eight billion U.S. dollars.
That is the largest figure since the final quarter of 2018.
The South Korean tech giant said that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating profits were up 23-and-a-half percent.
Samsung says this was largely driven by the increased profitability of memory chips and displays…, along with high demand for the IT products people have been using during lockdowns.
For the latter half of 2020, Samsung says it expects demand to rebound on products like smartphones while seeing firm demand for memory chips with the release of new mobile and game console models.
But there are some analysts who think global demand for semiconductors could decline in the following quarter.
“As companies have already bought sufficient stock of semiconductors in the first half of the year, they will have to reduce purchases in the following quarters. This could lead to decline in sales of semiconductors in the third quarter.”
Samsung Electronics aims to improve earnings in the following quarter by cutting production costs and improving efficiency.
However, it says the pandemic remains a constant source of uncertainty.
LG Electronics also managed to see an operating profit of 410-million U.S. dollars for the same period.
That is around 24% down from the second quarter of the previous year…, but is still higher than market expectations.
Focusing on sales of premium home appliances and reducing production costs…, the company recorded its highest ever second quarter operating profit to sales ratio.
It attributed the figure to customers’ increased interest in health and hygiene…, which led to higher sales of products like its drying machines and Styler outfit cleaning machines.
LG Electronics is also keeping its eyes on the global business environment amid COVID-19 but expects to see demand for some products like TVs pick up in the second half of the year.
Kim Sung-min, Arirang News

#Samsung #LG #profits

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Samsung Electronics’ Q2 earnings rose 23.48% y/y to US$ 6.8 bil. despite COVID-19

삼성전자 2분기 영업이익 8조1463억원 … 작년 대비 23.5% ↑.

Let’s begin with the large business information of the day.
Despite the difficult economic situation, … South Korean tech giant Samsung Electronics still took care of to profit in the second quarter of this year.
While there’s still unpredictability from COVID-19, the firm additionally anticipates to see solid need for a few of its main products in the second half of 2020.
Kim Sungmin reports.
Samsung Electronics’ incomes for the second quarter of 2020 totaled up to around six-point-eight billion U.S. dollars.
That is the largest operating revenue since the last quarter of 2018.
The South Korean tech titan claimed that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating earnings were up 23-and-a-half percent.
Samsung states this was greatly driven by the boosted success of memory chips and also screens …, along with high demand for the IT products people have been using throughout lockdowns.
According to Samsung, the operating benefit from semiconductors comprised around 67% of the total revenues.
Likewise, sales of mobile phones as well as home devices, which were expected to see a massive decline in demand, had better sales than expected.
The operating revenues for mobile phones pertained to around 1-point-6 billion US bucks …, a 25% rise from the same period last year.
For the last fifty percent of 2020, Samsung claims it expects demand to rebound on items like smartphones while seeing solid demand for memory chips with the launch of new mobile as well as game console designs.
The business likewise aims to enhance earnings in the following quarter by reducing manufacturing costs as well as improving effectiveness.
It states the pandemic stays a continuous resource of uncertainty.
Kim Sung-min, Arirang News.

#Samsung #Economy #profit.

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Samsung Electronics’ Q2 earnings rose 23.48% y/y to US$ 6.8 bil. despite COVID-19

삼성전자 2분기 영업이익 8조1463억원…작년 대비 23.5%↑

Let’s start with the big business news of the day.
Despite the tough economic situation,… South Korean tech giant Samsung Electronics still managed to turn a profit in the second quarter of this year.
While there’s still uncertainty from COVID-19, the company also expects to see solid demand for some of its main products in the second half of 2020.
Kim Sungmin reports.
Samsung Electronics’ earnings for the second quarter of 2020 amounted to around six-point-eight billion U.S. dollars.
That is the largest operating profit since the last quarter of 2018.
The South Korean tech giant said that while its total sales were down some 5-point-6 percent on-year amid COVID-19, its operating profits were up 23-and-a-half percent.
Samsung says this was largely driven by the increased profitability of memory chips and displays…, along with high demand for the IT products people have been using during lockdowns.
According to Samsung, the operating profits from semiconductors made up around 67% of the total profits.
Also, sales of mobile phones and home appliances, which were expected to see a huge drop in demand, had better sales than expected.
The operating profits for mobile phones came to around 1-point-6 billion US dollars…, a 25% increase from the same period last year.
For the latter half of 2020, Samsung says it expects demand to rebound on products like smartphones while seeing firm demand for memory chips with the release of new mobile and game console models.
The company also aims to improve earnings in the following quarter by cutting production costs and improving efficiency.
However, it says the pandemic remains a constant source of uncertainty.
Kim Sung-min, Arirang News

#Samsung #Economy #profit

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Samsung Electronics’ Q2 earnings beat expectations

코로나 이겨냈다…삼성전자 8조원 깜짝실적, LG전자 예상보다 선전

Despite the global pandemic, South Korea’s top electronics firms saw earnings surprise in the second quarter.
Samsung had a steep rise in estimated operating profit, and LG did better than expected.
Here’s Kim Jae-hee with a break down of the digits
Samsung Electronics’ earnings estimate in the second quarter of this year beat expectations, thanks to solid demand for semiconductor chips, as the COVID-19 pandemic encouraged more of a non-contact lifestyle.
In its earnings guidance on Tuesday, the tech giant said its operating profit for the April to June period this year was an estimated six-point-eight billion U.S. dollars.
This is a 22-point-seven-three percent increase from the same period last year, when it was roughly five-and-a-half billion dollars.
But COVID-19-induced shutdowns dragged down Samsung’s sales 7-point-three-six percent on-year to an estimated 43-point-6 billion dollars.
“Samsung Electronics’ better-than-expected chip business appears to be behind the company’s overall performance amid the COVID-19 pandemic.”
“Samsung Electronics’ second quarter earnings were better than expected, thanks to a rise in memory chip prices amid the increase in non-contact activities. The company’s semiconductor earnings might be stagnant in the third quarter, but with the smartphone and display sectors expecting solid results, the third quarter earnings overall are likely to further improve.”
But with the prolonged COVID-19 pandemic, and the bitter U.S.-China relationship, there are still downside risks.
“The global economic fallout from the COVID-19 pandemic still exists. On top of that, there’s also the risk of the semiconductor and display sector facing a downturn if U.S. sanctions fully hit Huawei in September.”
Meanwhile, LG Electronics posted an earnings decline for the second quarter, but still was above market consensus, thanks to its home appliance business exceeding expectations.
The company’s guidance report said its operating profit estimate in the second quarter was down 24-point-4 percent on-year and sales were down 17-point-9 percent.
The two companies will release their finalized figures later this month.
Kim Jae-hee, Arirang News.

#Samsung #Q2 #earnings

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