The electronics giant previously shunned big acquisitions, and the latest deal underscores a strategic shift as the company tries to break into the high-barrier automotive industry where it has little track record.
Category archives: Samsung
Samsung Recalls 2.8 Million Washing Machines in U.S. Over Injury Risk
The recall involves 34 models of top-load washing machines made between March 2011 and November 2016 and costing $450 to $1,500.
Samsung Is Looking at Ways to Limit the Environmental Impact of the Note 7 Recall
The remarks come after environmental group Greenpeace issued a statement earlier this week demanding the world’s top smartphone maker find a way to reuse rare materials in the discontinued smartphones that Samsung is taking back.
Samsung CEO: ‘We Have a Long History of Overcoming Crises’
‘Let us use this crisis as a chance to make another leap by re-examining and thoroughly improving how we work, how we think about innovation and our perspective of our customers.’
Samsung Still Number-One Smartphone Vendor, Despite Note 7 Debacle
The Note 7 dented Samsung’s brand image and left a large product gap in its premium smartphone lineup.
Samsung Faces Potential Class Action in U.S. Over Note 7
The world’s top smartphone maker last week permanently ended sales of the fire-prone Note 7 smartphone less than two months after its launch.
Samsung Flags $5.3 Billion Profit Hit From Note 7 Failure
The premium device that was meant to compete with the latest iPhones at the top end of the smartphone market had to be scrapped earlier this week.
Samsung Offers Financial Incentives to Stem Note 7 Bleeding
The U.S. Consumer Product Safety Commission said on Thursday the Note 7’s ‘battery can overheat and catch fire, posing serious fire and burn hazard to consumers.’
Note 7 Fiasco Could Burn a $17 Billion Hole in Samsung
The firm received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 reports of property damage.
Samsung Halts Note 7 Production After New Fire Scare
In a regulatory filing, Samsung said it was ‘adjusting’ shipments of Note 7s to allow for inspections and stronger quality control due to some devices catching fire.