Samsung Electronics Co’s chief executive officer and president Choi Gee-sung said he was upbeat about the company’s sales of LED TVs, digital cameras and cellphones in Taiwan this year, expressing confidence that the firm would maintain its dominance of the handset sector.
Choi made the remark after he arrived in Taipei on Thursday on the first stop of a seven-day visit to the Greater China region.
He left Taipei yesterday for China.
During his one-day visit, Choi met local companies and visited retail outlets to see how well Samsung was performing in the consumer electronics sector.
Samsung is scheduled to unveil Taiwan’s first 3D LED TV next week.
Choi, dubbed the “management guru” by the South Korean electronics industry, took the helm at Samsung in January.
He led the company’s handset division in 2007 and helped push Samsung to become the world’s second-largest cellphone brand, a company statement issued yesterday showed.
Last year, Samsung reported total revenues for the Greater China region at US$31.7 billion, a best-ever performance for the region, the statement said.
Its consumer electronics division succeeded in maintaining high market share in the global TV and cellphone sectors amid the financial crisis, the statement said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
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The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
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