On Tuesday, Samsung Electronics unveiled its latest line of chips aimed at the auto market. Samsung’s advanced chips will be mounted in Volkswagen’s infotainment system developed by LG Electronics. There is a rising demand for “high-tech” automotive chips that can handle more… Read More ›
Amazon.com Inc has pulled out of the Mobile World Congress citing China’s coronavirus outbreak. “Due to the outbreak and continued concerns about the new coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress 2020,” said Amazon in… Read More ›
The drop in its operating profits as well as the decline in its quarterly revenues are in line with its previous estimate. On Thursday, South Korea’s LG Electronics Inc reported a 80% drop in its operating profits, from a year… Read More ›
While both companies have invested in a U.S. plant, in the short run expect an increase in washing machines by 5% to 10%. With the Trump Administration slapping hefty import tariffs on large residential washers, on Thursday, LG Electronics Inc… Read More ›
The imposition of these tariffs are in line with Trump’s ‘Make in America’ push and could significantly effect its skewed trade balance with China. With U.S. President Donald Trump slapping steep tariffs on solar panels and on imported washing machines,… Read More ›
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