South Korea Tech News

Samsung plans to invest an additional $8B in a Chinese semiconductor factory, according to local media reports; the company plans to boost production of NAND flash memory chips; Samsung announced a $7B investment for its plant in Xi’an in 2017.

Samsung plans to launch a new foldable smartphone in Feb 2020, according to sources for the Korea Herald; priced at ~$840, it’s expected to be the first of two foldable devices the company releases next year; the design and specs of the product are unknown.

A South Korean court upholds an ~$870M fine against Qualcomm; the country’s Fair Trade Commission imposed the penalty in 2016, citing anticompetitive behavior; the Seoul High Court says Qualcomm had abused its market position.

Three Samsung execs have been jailed in South Korea for participating in a scheme to hide company records while facing an accounting investigation; full details unclear, but the execs worked for Samsung Biologics, the company’s biotech unit; the coverup included hiding dozens of servers and computers under the floors of Biologics factories.

StradVision, a South Korea-based developer of vision processing technology for autonomous vehicles, raises $27M Series B, bringing its total raised to $40M.