005930.KS - Samsung Electronics Co., Ltd.

KSE - KSE Delayed Price. Currency in KRW
46,050.00
-800.00 (-1.71%)
At close: 3:30PM KST
Stock chart is not supported by your current browser
Previous Close46,850.00
Open46,150.00
Bid46,200.00 x 0
Ask46,250.00 x 0
Day's Range45,950.00 - 46,350.00
52 Week Range36,850.00 - 48,450.00
Volume5,202,406
Avg. Volume10,288,502
Market Cap305.927T
Beta (3Y Monthly)1.16
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 31, 2019
Forward Dividend & Yield1,416.00 (3.02%)
Ex-Dividend Date2019-03-28
1y Target Est54,903.00
  • Samsung Secures Emergency Supply of Key Materials, Yonhap Reports
    Bloomberg2 days ago

    Samsung Secures Emergency Supply of Key Materials, Yonhap Reports

    Jul.14 -- Samsung Electronics Co. has secured emergency supplies of three key materials that Japan had cut off as part of its export restrictions, according to the Yonhap News Agency. Sohee Kim reports on "Bloomberg Daybreak: Asia."

  • Samsung, SK Hynix ask Korean firm to boost chemicals supply amid Japanese curbs
    Reutersyesterday

    Samsung, SK Hynix ask Korean firm to boost chemicals supply amid Japanese curbs

    South Korea's Samsung Electronics and SK Hynix have asked a local supplier to the boost supply of a key chipmaking chemical to guard against any production disruptions, an official at the supplier said on Tuesday. The move by the two chipmakers to secure supplies of hydrogen fluoride comes after Japan said earlier this month that it would tighten curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, threatening to disrupt the global supply of microchips consumed by the likes of Apple Inc and Huawei Technologies Co.

  • Financial Timesyesterday

    Memory chip prices soar as South Korea-Japan dispute escalates

    Memory chip prices have soared over the past week as a diplomatic stand-off between Japan and South Korea has escalated, threatening global supplies of smartphone and computer components. The spot prices for dynamic random-access memory chips have spiked nearly 12 per cent since July 9, the biggest such jump since 2017, according to data from Bernstein, as fears build over Tokyo’s new export controls on materials critical to the manufacture of computer chips, South Korea’s biggest export. Tokyo’s restrictions meant that from July 4, the country’s exporters of fluorinated polyamide, photoresists and hydrogen fluoride etching gas — Japanese groups hold dominant market shares globally — had to get clearance for selling the materials to the world’s two biggest memory chipmakers, Samsung Electronics and SK Hynix.

  • How Britain’s Savviest Investors Are Beating Brexit
    Bloombergyesterday

    How Britain’s Savviest Investors Are Beating Brexit

    (Bloomberg Opinion) -- Since the U.K. decided more than three years ago to leave the European Union, the nation's savviest investors have succeeded by putting their money where Brexit matters least.Uncertainty about the date of Britain’s departure (now pushed back to Oct. 31) and the terms of the divorce has meant purging the U.K. from their holdings or limiting them to investments traditionally impervious to man-made and natural disasters. Over 38 months, British sterling depreciated 16 percent, the worst shrinkage for any similar period in 8 years. The pound remains the poorest performer in the actively-traded foreign exchange market and inferior to the No. 3 euro.Europe's strongest major economy in the 21st century became a shadow of its former self, reversing two decades preceding the June 23, 2016 referendum when the U.K. outperformed the European Union in growth and investment. London's stock and bond markets similarly languished as laggards to world benchmarks, after beating them consistently in the 20 years prior to the decision to leave the EU, according to data compiled by Bloomberg.“If I give myself some credit, I would say that we acted reasonably fast liquidating U.K. shares” in 2016, said Ben Rogoff, whose Polar Capital Technology Trust PLC has been the most consistent winner out of the 212 British global funds with at least 1 billion pounds this year and during the past three years. His team's 114 percent total return (income plus appreciation) was 22 percentage points better than the Dow Jones World Technology Index, mostly because 68% of the fund is invested in the U.S., two-thirds of that in California companies, according to data compiled by Bloomberg. “It's all about the Internet and where do you get exposed to the Internet? The U.S. and China,” Rogoff said last month during an interview at Bloomberg in London.While Rogoff reduced his holdings of three California tech powers during the past year — Cupertino-based Apple Inc., Menlo Park-based Facebook and Santa Clara-based Advanced Micro Devices — he acquired more shares in Hong Kong-based Tencent Holdings Ltd, Hangzhou-based Alibaba Group Holding Ltd, South Korea's Samsung Electronics Co. and Tokyo-based Yahoo Japan Corp., according to data compiled by Bloomberg.The 46-year-old graduate of St. Catherine's College, Oxford, became the lead manager of the trust in 2006, “and at that time,” he said, “the U.K. weighting might have been 5% to 10%, so if you had already been backing away to the door, it's a lot easier to escape than if you built a career around being an expert in U.K. equities.” Since the Brexit referendum, he said, “There's just been a complete buyers' strike of U.K. equities.”Proof of such disdain comes with the crisis this year at the LF Woodford Equity Income Fund, Britain's most-prized investment when it was launched by star money manager Neil Woodford in 2014. The celebrated stock picker became even more prominent with his contrarian bullish stance on Brexit. The fund plummeted 31% during the past two years by holding a combination of large and small U.K. companies and has frozen redemptions indefinitely.“It's symptomatic of a broader problem,” Bank of England Governor Mark Carney told reporters earlier this month. “Our sense is that the financial-stability risks are increasing.”One U.K. investor who’s successfully resisted the trend away from domestic stocks is Nick Train, who manages Finsbury Growth & Income Trust. It returned 61% the past three years — more than twice the FTSE All-Share Index benchmark — as the most consistent one- and three-year performer among the 129 U.K.-based funds investing mostly in domestic stocks or bonds, according to data compiled by Bloomberg. Unlike Woodford, who doubled down on the British economy writ large, Train, a 60-year-old graduate of Queen’s College, Oxford, dramatically increased his holdings in consumer staples. These are the companies that make such essentials as food, beverages and household goods and can resist business cycles because their products always are in demand.Train, who declined to be interviewed, increased the consumer staples weighting relative to the benchmark to 27% from 23% in 2015 and he enhanced his holdings of Deerfield, Illinois-based Mondelez International Inc., which manufactures and markets packaged food products, and London-based Diageo PLC, the world's largest producer of spirits and beer, according to data compiled by Bloomberg.That's likely to be a safe bet as no one is counting on the British economy rebounding significantly from near the bottom of the EU while the uncertainty created by Brexit persists. “If you take a long view, then this may well be a great time to be investing in U.K. equity,” said Rogoff. “Thankfully, I don't have to make that binary call because there are very few U.K. companies I'm frankly interested in.”\--With assistance from Shin Pei, Richard Dunsford-White, Kateryna Hrynchak and Suzy Waite.To contact the author of this story: Matthew A. Winkler at mwinkler@bloomberg.netTo contact the editor responsible for this story: Jonathan Landman at jlandman4@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is a Bloomberg Opinion columnist. He is the editor-in-chief emeritus of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • GuruFocus.com2 days ago

    David Herro Comments on Samsung Electronics

    Guru stock highlight Continue reading...

  • GuruFocus.com2 days ago

    David Herro's 2nd Quarter Oakmark Global Fund Letter

    Discussion of markets and holdings Continue reading...

  • Bloomberg2 days ago

    Samsung Scores Lifeline as It Navigates Japan Export Curbs

    (Bloomberg) -- Samsung Electronics Co. has managed to secure an emergency supply of key materials to sustain its chip-making operations for the time being, averting short-term disruption from a Japanese ban of critical semiconductor and display components.That temporary lifeline didn’t represent a “fundamental solution,” a Samsung spokesman said Monday, confirming a report by Yonhap over the weekend. Jay Y. Lee, the corporation’s de facto leader, had convened a meeting on Saturday with top management and asked them to prepare contingency plans, he added. The Samsung vice chairman ordered them to prepare for various scenarios, for instance should Japan remove Korea from its so-called “white-list” of nations not deemed to present a risk of weapons proliferation, the spokesman said.Korea’s largest company is grappling with a spat between Japan and South Korea that risks upending the global technology supply chain. The government of Asia’s second largest economy this month slapped export restrictions on three materials that, while little-known outside of the industry, are profoundly important for electronics production. Samsung had less than a month’s worth of supply of the materials on average, people familiar told Bloomberg last week.Among the targeted materials are fluorinated polyimide, required for the production of flexible panels -- such as those used in Samsung’s Galaxy Fold -- among other things. Photo-resists are key to chipmaking, while hydrogen fluoride is needed for both chip and display production. It’s unclear how much of each Samsung had secured, and the spokesman didn’t elaborate. Samsung has been scrambling to find alternatives and one of the ways is to secure materials from Japanese suppliers’ overseas plants.Resurgent tensions between Japan and South Korea threaten to wallop chipmakers from Samsung to SK Hynix Inc., potentially smothering the production of memory chips and other components vital to widely used devices. That will in turn pressure an industry already struggling to come to grips with U.S.-Chinese trade tensions.Lee had visited Japan last week to meet senior officials from the country’s business sector. Samsung’s emergency supplies were secured through the company’s efforts, separate from his trip, the spokesman added.(Updates with details of the three materials from the second paragraph.)To contact the reporter on this story: Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Samsung Secures Emergency Supply of Key Materials From Japan
    Bloomberg3 days ago

    Samsung Secures Emergency Supply of Key Materials From Japan

    (Bloomberg) -- Samsung Electronics Co. has secured emergency supplies of three key materials that Japan had cut off as part of its export restrictions, averting a crisis at the South Korean company’s production lines.Samsung Vice Chairman Jay Y. Lee shared the “outcome” of his Japan trip with the company’s management during a directors’ meeting he hosted on Saturday, Yonhap reported, citing unidentified people familiar with the financial situation. While it is unknown how Lee secured the additional inventory, or how big the emergency stock is, his procurement will help prevent a “grave manufacturing deadlock,” Yonhap said.A Samsung Electronics representative was not immediately available to comment.Lee visited Tokyo last week to try to find alternative sources for semiconductors in response to Japan’s export curbs against South Korea, the Korea Times reported. He planned meetings with Japan’s major banks and chipmakers during his trip, according to TV Asahi. The Japanese action has evolved from a historic dispute between the two countries to one affecting some business sectors.Source AlternativesWhile inventory levels differ across each material, Samsung has less than a month’s worth of supply on average, people familiar with the matter told Bloomberg last week. While trying to source alternatives, the company is bracing for potential production cuts, or even stoppages, should the situation persist, the people said.In the meeting with directors, Lee also ordered the company’s management to prepare a contingency plan in case the spat between Japan and South Korea leads to further trade restrictions, Yonhap cited another unidentified person as saying.Japan’s ruling Liberal Democratic Party senior member Koichi Hagiuda said on Sunday the “inappropriate incidents” that triggered Japan’s crackdown on certain exports to South Korea must have been serious. The inappropriate incidents included cases affecting Japan’s national security, Tetsuo Saito, a senior member of the Komeito Party in the ruling coalition party, said during the same debate.To contact the reporter on this story: Hooyeon Kim in Seoul at hkim592@bloomberg.netTo contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Stanley JamesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • W(hy)TF are Japan and South Korea in a trade war?
    TechCrunch4 days ago

    W(hy)TF are Japan and South Korea in a trade war?

    No, like any Ice Bucket Challenge-worthy meme, others are getting in on the trade war bandwagon and making it their own. The two countries have slipped into their own trade war over the past few weeks, a conflict that now threatens the foundations of Japan’s supplier industry, Samsung Electronics, and global smartphone and computer shipments. If the U.S./China trade war emanates from the dark recesses of President Trump’s brain, then this new trade war emanates from the dark chapters of Japan and South Korea’s collective and sad history.

  • Financial Times4 days ago

    Korea caught in the crossfire of trade and tech wars

    South Korea, one of the world’s leading producers of semiconductors, has been caught in the crossfire of trade and tech wars. The payback is coming now, as trade friction, tech confrontation and a cyclical bottom in the semiconductor cycle exacerbate a collapse in the price of chips. The perfect storm will cause Korean exports to contract in 2019.

  • Samsung may develop foldable augmented reality glasses
    Engadget4 days ago

    Samsung may develop foldable augmented reality glasses

    Samsung is exploring the possibility of developing augmented reality glasses,based on one of its latest patent applications first spotted by PatentlyApple

  • Japan-South Korea Feud Heats Up Over Tokyo’s North Korea Claims
    Bloomberg5 days ago

    Japan-South Korea Feud Heats Up Over Tokyo’s North Korea Claims

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The feud between Japan and South Korea worsened, as Seoul called for an international probe into Tokyo’s claims it allowed sensitive materials to end up in the hands of North Korea.South Korean President Moon Jae-in’s office proposed the investigation just as government officials sat down in Tokyo to discuss Japan’s introduction of tighter export controls that threaten to crimp the tech sector’s supplies of vital production materials.What Japan called an explanatory session ran well over its allotted time by several hours. The Japanese side explained the basis for its decision from Prime Minister Shinzo Abe’s government, and the South Korean side did not ask for the measures to be revoked, a Japanese official said.“It seems that Prime Minister Abe sees domestic value in igniting Korea-Japan tensions and little incentive to keep the relationship constructive,” said Mintaro Oba, a former U.S. diplomat who worked on Korean Peninsula issues. “Unless there is a cost to his public position or the U.S. alliance with Japan because of his actions, Abe will keep feeding the fire -- and South Korea may have to respond in kind as the Korean public reacts to Japan. There is tremendous potential for escalation here.”In a separate post-meeting briefing in Seoul, an industry ministry official said the South Korean counterparts were told that Japan “will remove” Korea from a so-called “white list” of countries to which it exports. Industry ministry director general Lee Hohyeon said South Korea called for additional talks by July 24, when the public comment period for possible removal ends.Japanese officials didn’t comment in their briefing on a decision being made to remove South Korea from the list of trusted export destinations treated as presenting no risk of weapons proliferation -- a move that Abe’s government has said it could make as soon as July 24.The scenes of somber officials from both sides meeting in a bare Japanese conference room were played on cable news loops in South Korea, where a poll earlier this week showed that two-thirds of adults planned to boycott goods from their neighbor. The tit-for-tat over export controls has escalated a long-simmering feud over whether Japan needs to further compensate Koreans who suffered under its 1910-45 occupation of the peninsula.‘A desperate measure’A Japanese official told Bloomberg News on Thursday that Tokyo had found a number of cases over the past three years of the materials being shipped to North Korea, China and Iran from South Korea. While Japanese officials including Abe have cited reexport concerns as their main reason for implementing the licensing requirements, they have so far stopped short of publicly identifying the recipient countries in question.China, Iran and North Korea are all American security rivals and subjects of Trump administration pressure campaigns, complicating any potential U.S. effort to broker a truce between two of its closest allies.Speculation that South Korea failed to abide by United Nations restrictions on trade with North Korea was “deeply regrettable,” President Moon Jae-in’s national security deputy Kim You-geun said in a televised briefing Friday in Seoul, adding the country wanted an investigation into both sides’ export controls. The move represents Moon’s most forceful effort yet to push back against a decision by Japan to implement export controls on production materials vital to South Korean companies such as Samsung Electronics Co.“If there are any findings of our government’s faults as a result of the investigation, our government will apologize and immediately make fixes,” said Kim. “However, if there is a result that the South Korean government made no mistakes, the Japanese government should not only make an apology, but also immediately withdraw the retaliatory measure of the export curbs.”Samsung Electronics shed about $13 billion in market value after the curbs were announced July 1, although it has since recovered somewhat as anxious memory-chip buyers move to stockpile supplies. South Korea’s benchmark Kospi index has fallen 2% this month, compared with a 1.9% increase in Japan’s Nikkei.Resolving the export issue is more difficult because it’s been entangled with a dispute over South Korean court rulings ordering the seizure of Japanese corporate assets to compensate Koreans forced to work in colonial-era factories and mines. Another expected court decision and a Japanese deadline on its request for arbitration on the matter next week could further heighten tensions.‘Difficult to resolve’Japan will release details on suspected illegal transfers once it can address intelligence concerns, said the Japanese official, who asked not to be identified discussing security information that hasn’t been publicly disclosed. While Abe has said the measures were not a means of retaliating over the historical dispute, the official said Moon’s efforts to undo agreements to resolve historical issues haven’t improved the relationship.The materials targeted by Japan are key to electronics productions. Within the tech sector, fluorinated polyimide is needed for the production of foldable panels, such as those used in Samsung’s Galaxy Fold. Photo-resists are essential for chipmaking, while hydrogen fluoride is needed for both chip and display production.On Wednesday, South Korea’s industry ministry said the country had previously disclosed 156 cases of illegal exports of “strategic” materials between 2015 and 2019, but that included no instances involving Japanese hydrogen fluoride. While some South Korean companies made unapproved transfers to Malaysia, United Arab Emirates and Vietnam, but no countries under United Nations sanctions, the ministry said.Oh Joon, a former South Korean ambassador to the United Nations, said the forced labor dispute complicated matters.“The issue of exports control related to North Korea is something that South Korea and Japan can overcome. It’s a technical issue,” Oh said. “If the two sides share enough information, the two countries could move on, but pouncing on this matter with the forced labor case only makes it difficult to resolve problems.”(Adds details from news briefings, analyst comment in fourth paragraph.)\--With assistance from Seyoon Kim, Shinhye Kang, Jon Herskovitz, Yuko Takeo and Emi Nobuhiro.To contact the reporters on this story: Isabel Reynolds in Tokyo at ireynolds1@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.net;Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Peter PaeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple Pays the Price to Stay at the Bleeding Edge
    Bloomberg5 days ago

    Apple Pays the Price to Stay at the Bleeding Edge

    (Bloomberg Opinion) -- Apple Inc. looks like it may put down close to $1 billion just to keep its devices at the leading edge. Japan Display Inc., one of its key providers of screens, said Friday morning it would get up to $400 million from bailout partner Harvest Tech Investment Management Co. Nestled into its two-page stock exchange statement was the revelation that the funding includes $100 million already pledged by a customer.That customer is Apple, according to a Bloomberg News story published in late June. Taiwan’s TPK Holding Co., another long-time iPhone component supplier, had been in talks to join a $1.1 billion rescue package for Japan Display but pulled out. That left the company needing to look elsewhere, and Apple stepped in to help fill the void.This development comes a week after Apple’s main screen supplier, Samsung Electronics Co., made a cryptic reference to a “one-time gain related to the display business” in its preliminary second-quarter earnings statement. The U.S. company will pay as much as 1 trillion won ($850 million) to make up for a shortfall in purchases of organic light-emitting diode, or OLED, according to South Korea’s Electronics Times and analysts at Citigroup Global Markets. (Apple hadn’t replied to a request for comment by publication time Friday.)What’s interesting about both these cases is that neither of the payments appears to be for purchasing components directly. Rather, they are simply to prop up or compensate suppliers that Apple uses to manufacture the most advanced screens available. Samsung is among companies that preceded Apple in incorporating OLED displays in smartphones, yet the iPhone maker is the only one that buys them by the tens of millions. It relies on Samsung’s display division to make that happen. Apple probably locked in that supply by promising to buy a minimum amount, and it may have fallen short given recent weakness in iPhone growth. At the same time, the U.S. company desperately needs alternative sources to ensure it’s not beholden to any one supplier. That’s where a Japan Display bailout comes in. The Japanese company said its 20.4 billion yen ($188 million) operating loss in the March quarter was wider than the prior period “as a result of R&D expenses for preparation of OLED mass production.”Japan Display being able to make lots of OLED screens is great news for Apple – as long as it doesn’t go belly-up before that happens. Apple, therefore, has an incentive to keep the company afloat.With global smartphone brands running out of novel ways to spice up their offerings, it’s crucial for premium devices such as the iPhone to maintain technological leadership. In a downturn, Apple’s starting to find out the price of staying at the bleeding edge. To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Financial Times6 days ago

    S&P economist warns of fallout from Japan and South Korea dispute

    Japan’s threat of export controls on South Korean chipmakers risks “large unintended consequences” on the technology supply chain, including for Japanese companies, a top Asia economist has warned. on exports of key materials used by South Korea’s semiconductor manufacturing giants, in a move aimed at forcing Seoul to change its position on compensation over wartime forced labour. Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings, said Tokyo’s export controls were a sign that technology is increasingly being used as a “geopolitical tool” by governments who might not understand the economic cost of their actions.

  • Galaxy Note 10 image leaks spoil Samsung's party
    Engadget7 days ago

    Galaxy Note 10 image leaks spoil Samsung's party

    So much for Samsung maintaining even the slightest bit of secrecy around the Galaxy Note 10 ahead of its August 7th debut . Both Ishan Agarwal (via MySmartPrice ) and WinFuture have obtained what look to be official press images for the regular Note 10 and its larger Note+ counterpart (shown above). As you might have suspected, the two phones appear to push the Galaxy S10's nearly-all-screen concept even further. The more rectangular design has virtually no bezel, and the only interruption is a hole-punch camera located at the top center of the display.

  • Samsung unveils Galaxy tools for Ethereum developers
    Decrypt2 hours ago

    Samsung unveils Galaxy tools for Ethereum developers

    The release of tools for mobile dapp development, by the electronics giant, continues to favor Ethereum over other blockchains.

  • Moody's7 days ago

    Micron Technology, Inc. -- Moody's rates Micron's new senior notes at Baa3

    Micron's Baa3 rating on its existing senior unsecured notes, the Baa2 rating on the senior secured term loan, and the stable outlook are unchanged. The rating is supported by Micron's excellent liquidity, with unrestricted cash and long term marketable investments of about $7.9 billion as of May 30, 2019, a $2.5 billion revolver maturing in 2023 (undrawn as of May 30, 2019), which Moody's expects will remain unused, and Micron's FCF generation and net cash leverage position.

  • Bloomberg7 days ago

    Microsoft Sets Up Shop Next to Apple With First European Store

    (Bloomberg) -- Apple Inc.’s flagship central London retail store gets a new neighbor on Thursday, as Microsoft Corp. opens its inaugural European high-street presence just meters away.Microsoft has taken over three floors and 2,043 square meters (22,000 square feet) of a historic building on the corner of Regent Street and Oxford Street -- London’s central shopping thoroughfare -- originally designed in 1912, and which since 1996 had housed Benetton Group SpA’s main U.K. clothing outlet.“As we build our own hardware with Surface and expand our enterprise offerings, we’re finding that a physical location has been really valuable,” Microsoft Chief Marketing Officer Chris Capossela said in an interview. “We’ve had a team working on this for multiple years now.”Technology giants’ push to open flashy stores to showcase their devices and software has proven to be one of the few bright spots for the U.K.’s ailing retail industry, which has been beset by bankruptcies, store closures and rent cuts. Pressure from online retailers such as Amazon.com Inc. and a rise in costs stemming from the pound’s Brexit-induced weakness are crippling chain stores in particular.Apple stores are now among the biggest drivers of foot traffic to shopping malls, replacing department stores as the most sought after anchor tenants in new developments. Samsung Electronics Co. leased the anchor store in the upscale mall designed by Thomas Heatherwick that opened in London’s Kings Cross district last year to provide a showroom for its devices.Capossela said the years of planning to expand to Europe was not affected by observations of Britain’s ailing high streets, but rather from what it had learned by operating stores in the U.S. over the past 10 years.“We’re not doing a physical retail store because somebody else isn’t,” he said. “It’s really just an opportunity for us to serve a set of customers that want to know what’s going on at our company.”The new store blends white walls with wooden flooring and furniture, adding floor-to-ceiling video panels, laser-etching stations for product personalization, and a variety of conference rooms for training and education sessions.Customers can try out Microsoft’s Hololens augmented-reality headset, or pick up a new laptop or charging cable. But video-gamers and fans of the company’s Xbox platform get a large dedicated area just to themselves. A room filled with Xbox One consoles are also fitted with webcams and headsets to host in-store e-sports tournaments, and 98-inch screens dot most walls to entice popular streamers to showcase their presence at the site.“No other Microsoft store has the gaming lounge that this store has,” Capossela said. “There are gaming experiences here that are completely unique to London.”The building sits in one of the English capital’s most upmarket areas, Oxford Circus -- the busiest pedestrian crossing in Europe, according to Westminster City Council. It was designed by John Nash, the architect behind Buckingham Palace, which itself is just a short walk away from Microsoft’s new store.The CMO wouldn’t comment on whether the company planned on opening other stores in the U.K or Europe, or how long a lease it had committed to within the London building.\--With assistance from Dina Bass and Jack Sidders.To contact the reporter on this story: Nate Lanxon in London at nlanxon@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Samsung backs Indus OS, three other startups in first investments for its VC arm in India
    TechCrunch7 days ago

    Samsung backs Indus OS, three other startups in first investments for its VC arm in India

    Samsung Venture, the investment arm of the South Korean technology giant, has invested $8.5 million in Indus OS and three other Indian startups as the company's VC fund begins its journey in the country. Indus OS is a popular Android fork that has built a suite of localized applications focused on serving the masses in India. Samsung and Venturest funded the four-year-old startup’s $5.75 million Series B round.

  • Financial Times7 days ago

    Chinese venture capital groups pile into south-east Asia tech

    FT subscribers can click here to receive Tech Scroll Asia by email. Hi everyone — south-east Asia is rising, China is cooling. Elsewhere in the region, Japan’s tech spat with South Korea appears to be claiming Samsung as a victim.

  • Japanese curbs seen as chance for South Korean chipmakers to cut stockpiles
    Reuters7 days ago

    Japanese curbs seen as chance for South Korean chipmakers to cut stockpiles

    Shares in South Korean memory chipmakers Samsung Electronics Co Ltd and SK Hynix Inc rose on Wednesday as investors bet on production cuts due to curbs on the export of key materials from Japan, analysts said. Samsung and SK Hynix are the companies hardest hit by the Japanese restrictions, the latest salvo in a diplomatic row between Seoul and Tokyo over wartime forced labor. While the curbs will make it difficult in the short term for South Korea's memory giants to find alternative supplies of the materials, they also could lead to reductions in stockpiles and production which is good news for chip prices.

  • Financial Times8 days ago

    South Korean chipmakers spared worst of Japan trade restrictions

    South Korean chipmakers may be spared the worst damage from Tokyo’s new trade restrictions on Seoul with Japanese officials saying the country plans to still grant export licences for all “bona fide” civil semiconductor exports.