The chairman of Samsung Electronics Co.'s board of directors, who has been the public face of the company after its de facto chief was jailed on corruption charges, said Friday he will resign next year to make way for a new leader.
Prosecutors cited a past ruling on a North Korean spy case as one reason why Samsung's billionaire heir deserved a lengthy prison term after being convicted of offering bribes to the country's then-president and one of her associates.
Samsung Electronics Co. says it will spend 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that provides technologies for auto networks and safety controls to Audi cars and others.
South Korea's Supreme Court said a former worker in a Samsung LCD factory who was diagnosed with multiple sclerosis should be recognized as having an occupationally caused disease, overturning lower court verdicts that held a lack of evidence against the worker.
A South Korean court sentenced the billionaire chief of Samsung to five years in prison for crimes that helped topple the country's president, a stunning downfall that could freeze up decision making at a global electronics powerhouse long run like a monarchy.
Intel's more than two decade-long reign as the king of the silicon-based semiconductor is poised to end Thursday when South Korea's Samsung Electronics elbows the U.S. manufacturer aside to become the leading maker of computer chips.
After a tumultuous year when its chief was jailed and its fire-prone smartphones were recalled and then discontinued, Samsung Electronics has reported record high quarterly earnings thanks to booming demand for memory chips.