logo
Share SHARE
FONT-SIZE Plus   Neg

Geesung Choi Of Samsung Expects More Competition In Global Electronics Industry

Geesung Choi, Vice Chairman and CEO of Samsung Electronics opined that the electronics industry across the globe will become more competitive in the coming years.

Speaking at the 43rd Annual General Meeting of the company, he said: "Reorganization of the electronics industry will gain speed this year and global competition will intensify……"

The CEO added that Samsung is geared up to take up the new challenges of competition in the global workplace.

He further added: "To generate distinctive new value, the company will continually enhance the 'hardware competitiveness' of its core business areas and also work on increasing the competitiveness of such 'soft technologies' as software, design, and service. New growth momentum will be built for business areas that the company is fostering in order to develop fundamental competitiveness.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
German conglomerate Bayer AG said it has made an all-cash offer to acquire U.S. competitor Monsanto for $122 per share or an aggregate value of $62 billion. Bayer expects the deal to reinforce it as a Life Science company with a deepened position. Responding to recent media reports, agricultural products giant Monsanto recently had disclosed that it had received an unsolicited proposal from Bayer. Agricultural machinery maker Deere & Co. reported Friday lower profit in its second quarter, reflecting weak equipment sales. Profit and net sales, however, topped analysts' estimates. Further, the company cut its forecast for fiscal 2016 profit, while updated sales view. Failing to find a buyer, the bankrupt retailer Sports Authority decided to close its remaining stores, and the brand will cease to exist. Sports Authority, once the nation's largest sporting goods retailer, said it plans to conduct going-out-of-business sales at all of its locations that weren't already slated to close, according to a new bankruptcy court filing in Delaware.
comments powered by Disqus
Follow RTT