Samsung Electronics Co (OTC:SSNLF), led by Executive Chairman Jay Y. Lee, achieved a significant legal victory when a Seoul court acquitted him of stock manipulation charges.
This decision enables Lee to continue leading the conglomerate, the world’s largest manufacturer of memory chips and displays, amid a global downturn and increasing competition from Apple Inc (NASDAQ:AAPL) in smartphones and SK Hynix Inc in artificial intelligence.
The Nvidia Corp (NASDAQ:NVDA) rival targets commercializing advanced 2-nm technology chips by 2025 and 1.4-nm chips by 2027.
The court’s ruling dismissed the threat of imprisonment that had loomed over Lee, a key figure in South Korea’s business landscape, for years, …
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