Samsung restarts plants: damage resulting from power failure could be $43 million

Article Abstract:

South Korean firm Samsung Electronics Co. expects approximately $43 mil in losses sustained from a power outage that shut down six chip factories. A power transformer spark cut electric power to the plants. Although the firm stocks enough chips to sustain customer demand for several days, the outage will affect the firm's profit recovery. Second-quarter operating profit for Samsung fell 67% to approximately $350 mil.

Facilities & equipment, Household audio and video equipment, Finance, Consumer electronics industry, Buildings and facilities, Company financing, Financial report

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Samsung's image may face new bruise: South Korea to begin bribery probe, adding to conglomerate's woes

Article Abstract:

A South Korean government's investigation of a bribery and accounting scandal involving Samsung Electronics Co., may further decrease the company's stock performance and damage investor relations. Article discusses the company's recent slump in memory-chip sales and efforts to improve its public image.

Semiconductors and related devices, South Korea, Legal issues & crime, Securities issued, listed, Semiconductor industry, Company legal issue, Investigations, Securities, Corporations, Investor relations, Company securities, Corporate corruption

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