The total assets of Samsung Electronics surpassed the 300 trillion won mark, or 270 billion U.S. dollars,… as of the end of last year,… thanks to a rise in investments and business growth. Industry experts say it’s Samsung’s first time breaking the threshold since the tech giant’s establishment in 1969,… and represents a roughly 15 percent rise compared to the end of 2016.The company’s assets have grown three-fold over the past decade. On a slightly different note,… Samsung Group Chairman Lee Kun-hee is under suspicion of avoiding over seven-and-a-half million dollars in taxes by hiding funds in “borrowed-name” accounts under [More]
Mobile chipmaker Broadcom said it is buying Japanese chipmaker Renesas Electronics’ LTE-related assets for $164 million to speed up its launch of next-generation communications technology. Broadcom’s chips integrating Wi-Fi and Bluetooth technology are used in Apple’s iPhone and other top-tier smartphones and tablets.