Bloomberg Samsung Display Co plans to spend 13.1 trillion won ($11 billion) developing and building next-generation displays, responding to a flood of supply and price pressure from fast-moving Chinese rivals. In an announcement event attended by Korean President Moon Jae-in and Samsung Electronics Co Vice-Chairman Lee Jae-yong, the investment was presented as a move to reorganise the display industry while …

Bloomberg Tesla Inc’s Smart Summon, the semi-autonomous feature some owners can use to fetch their cars, doesn’t live up to the Model 3 maker’s marketing hype, Consumer Reports magazine said. The magazine spent several days testing the feature, which allows Tesla owners to tap their smartphone and remotely call for their car to pick them up. Tesla customers have flooded …

Bloomberg Sony Corp’s highly anticipated next-generation PlayStation will go on sale in time for the holiday season next year. The PlayStation 5 will come with a high-speed solid state drive, Ryzen processor and Radeon graphics cards from Advanced Micro Devices Inc, 8K resolution video and a unit for processing 3D audio, the company said in a release. The new gaming …