Samsung announces support for five startups from its C-Lab program

Samsung introduced its in-house idea incubation program C-Lab in December 2012. Since 2015, the company also started supporting successful C-Lab projects and helped them in launching as startups under the C-Lab spin-off policy. Today, the company has announced support for five new startups as a part of its C-Lab Inside program. The South Korean firm said that it will support Blockbuster, Haxby, Hyler,...

Samsung heir visits chip factory in China to assess expansion plan

Samsung Electronics Vice Chairman Lee Jae-yong, who gave a historic apology and promised to end Samsung’s royal line a few weeks ago, visited the company’s chip factory in China. The company said that the purpose of the visit was to assess the plant’s expansion plan following the country’s economic reopening amid COVID-19 slowdown. This is Lee’s first international business trip since he visited Brazil in January. He inspected Samsung’s chip...

Samsung produced 57 percent more semiconductor chips during Q1 2020

Compared to Q1 2019, Samsung’s chip production was 57.4 percent higher in Q1 2020. The company’s quarterly report showed that the South Korean tech giant ramped up DRAM and NAND flash chips during the quarter despite the COVID-19 outbreak. As a result, the company improved its market share in the DRAM market during the first quarter of this year. Samsung is the world’s largest memory chip maker, and its chip factory operation rate was 100 percent...