Activist investors who own about 1.46% of Samsung C&T, the de facto holding company of Samsung Electronics, are calling on the company to increase shareholder returns by announcing a higher dividend and initiating share buybacks. They’ve proposed a plan that amounts of 1.2 trillion won or $900 million for both actions. Samsung C&T has submitted […]
Read MoreWhat you need to know Cybersecurity breaches seem to only be more commonplace with the recent high-profile MGM, Ardent Hospital, Xfinity, and Insomniac breaches. Cybercriminals have an incentive to keep attacking these companies, companies need more incentive to improve protection rather than plan for recovery of a breach. New SEC rules went into effect on […]
Read MoreWhat you need to know ARM is reportedly negotiating with Intel and NVIDIA to get them as anchor investors ahead of its IPO. The company intends to raise approximately $10 million later this year by publicly listing its shares. NVIDIA previously tried to acquire ARM, but the deal was terminated because of significant regulatory challenges. […]
Read MoreRumors suggest that Apple will use the upcoming Worldwide Developers Conference to unveil its long-rumored AR/VR headset, and according to Apple analyst Ming-Chi Kuo, the device’s introduction will mark an important milestone in Apple’s efforts to persuade investors that it will sell. “Apple’s announcement event is likely the last hope for convincing investors that the […]
Read MoreThe declining semiconductor market is leading South Korean analysts to revise the stock price target for Samsung Electronics in a downward trajectory. In addition, market watchers have lowered their expectations concerning Samsung’s operating profit for Q3 2022 by roughly 25% compared to last year. NH Investment & Securities analyst Do Hyun-woo revised Samsung’s stock price […]
Read MoreMarket watchers and investors are worried that Samsung Electronics is losing its grip on the semiconductor market. More so, Samsung is reportedly losing ground due to internal issues rather than external factors driven by the competition. Critics worry that the Korean tech giant, particularly its chipset division, has lost its ability to innovate under Lee […]
Read MoreSamsung share prices have dropped to a 22-month low for a brief moment earlier today, as institutional investors went on a Samsung Electronics share selling spree due to worries over an economic recession looming over the South Korean market and abroad. Samsung shares finished at 56,200 won ($43.21) on Friday, but not before reaching a […]
Read MoreSource: Activision Blizzard Microsoft’s deal to acquire Activision Blizzard isn’t done yet, but one big step is now done. Activision Blizzard shareholders have overwhelmingly voted to approve the deal, with more than 98% of the votes saying yes, per a press release on Thursday. While Activsion Blizzard’s board of directors had previously approved the deal, […]
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