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December 13, 1999 | From Bloomberg News
Compaq Computer Corp., the world's No. 3 computer maker, said Sunday that it has picked South Korea's Samsung Electronics Co. to manufacture its newest Alpha processor as part of a $500-million agreement. The companies will work to expand the market for the Alpha chip, one of the world's fastest microprocessors. Samsung makes the current Alpha chips for Houston-based Compaq. The two companies will put a total of $500 million into the project. Detailed terms weren't disclosed.
July 11, 1999 | Dow Jones
The automation unit of Costa Mesa-based Rockwell International Corp. and Samsung Electronics Co. Ltd. agreed to collaborate on marketing and developing automation products for manufacturers in Asia. Rockwell Automation, based in Milwaukee, said it plans to license products to improve factory productivity and to enhance open technology, for resale under the Samsung brand name.
SRS Labs Inc. has long been known for making inexpensive speakers sound rich and full. But the Santa Ana audio technology firm is expanding into new markets, thanks to a multiyear deal it recently signed with consumer electronics giant Samsung Electronics Co. The licensing agreement calls for SRS Labs' voice technology--known as VIP--to be incorporated into all of Samsung's cellular phones.
January 22, 1999 | Bloomberg News
Intel Corp., the largest computer-chip maker, agreed to invest $100 million in Samsung Electronics Co. to ensure the development of technologies to speed personal computer performance. Intel will buy bonds convertible into about 1% of Samsung's shares. South Korea's Samsung, the world's largest maker of memory chips, will use proceeds to build an assembly and test line for a new type of computer memory technology, known as RDRAM. Shares of Santa Clara-based Intel fell $4.75 to close at $133.
January 11, 1999 | From Times Wire Services
Beny Alagem, the co-founder and former chief executive of Packard Bell, said Sunday that he has purchased a subsidiary of Samsung Electronics to create a new Internet-driven company geared toward small and medium-size businesses. Alagem bought Irvine-based AST Research Inc., a U.S. subsidiary of the South Korean electronics giant, for an undisclosed sum. Sunday's deal gives him ownership of the AST brand name as well as an exclusive license to the company's intellectual property portfolio.
December 22, 1998 | Bloomberg News
Fairchild Semiconductor Corp., which makes chips used in machines from toasters to cars, said it will buy a Samsung Electronics Co. unit for about $455 million, expanding its line of specialized semiconductors. The purchase of Samsung's Power Device Division, which makes chips for consumer electronics, includes Samsung's semiconductor manufacturing plant in Bucheon, South Korea. Closely held Fairchild, which was spun off last year from National Semiconductor Corp.
February 19, 1998 | (Associated Press)
The European Union on Wednesday fined South Korea's Samsung Electronics Co. $36,000 for failing to consult it before buying Irvine-based computer maker AST Research Inc. The modest fine was seen as the EU's way of warning companies not to ignore its fair-competition rules. The European Commission, the EU executive agency, said the fine was relatively low because Samsung appeared to have unintentionally violated EU rules and it has since cooperated with authorities.
AST Research Inc., an Irvine-based computer maker, will lay off 37% of its worldwide work force of about 3,000 people in a restructuring to be announced this morning, an AST spokeswoman said. "While it is very painful, it is necessary," spokeswoman Camerone Welch-Thorson of Irvine said. "It will help us to become quick and nimble, and maintain a competitive edge in a very dynamic and rapidly changing PC market." The announcement was to be made at 6 a.m. PST, Welch-Thorson said.
October 29, 1997 | Bloomberg News
Samsung Electronics Co. won approval in Delaware state court Tuesday to add $9.3 million to its purchase price for computer maker AST Research Inc. The settlement increased the price for Irvine-based AST to $5.40 a share from $5.10 a share. "The $5.40 per share obtained was an excellent result given the financial condition of AST at the time," said Jonathan Plasse, an attorney for AST.
Beleaguered computer maker AST Research Inc. officially folded into the Samsung Electronics Co. family on Monday. One of the South Korean firm's first moves is to boost morale among its new employees with gifts and a companywide pep rally. On Friday, Samsung will give the entire AST staff its choice of a free color TV, microwave or VCR. AST has 3,100 employees worldwide. "They wanted to give us a mini-refrigerator for our desks, but people didn't react too well to that," one AST official said.
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