The tech giant will spend the money on research and development for technology aimed at filtering out greenhouse gases and capturing carbon dioxide generated during chip production.
Lee Jae-yong — the 278th-richest person in the world, according to Forbes — was released on parole in August 2021, after serving 18 months in jail, just over half of his original sentence.
Samsung Group, South Korea's top conglomerate, looks set to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies over the next five years.
Covid-19 infections have continued to spread in China's Xi'an city, eight days into a strict lockdown for its 13 million people.
Samsung is by far the biggest of the family-controlled conglomerates, or chaebols, that dominate business in South Korea.
The request of an arrest warrant for the heir of South Korean Samsung empire was declined by the court due to lack of sufficient probable cause over the controversial merger, but his retrial on charges of bribery and embezzlement continues.
The RideFlux start-up brings together engineers who have given up well-paid jobs with some of South Korea's most prestigious firms to try to build a ride-sharing company for the tech-savvy nation.
The companies said Samsung will use Xilinx’s “Versal” computing chips, which will help with a technology called beamforming that lets 5G gear handle more wireless data than previous generations of networks.
The foldable-glass Galaxy Z Flip, which looks like a large makeup compact folded up and expands to look like most smartphones, features foldable glass and will come in purple, gold and black, executives say
The South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a US campaign to convince allies to bar Huawei from their networks.
The one-China policy, mainly aimed at Taiwan, maintains that there is only one Chinese government, and it is a key diplomatic point accepted by most nations in the world, including the US.
The deepening trade and diplomatic disputes between the two countries threaten the global supply of memory chips and display screens.
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