The Economist

Samsung Electronics wants to dominate cutting-edge chipmaking

SAMSUNG ELECTRONICS (SE) is a behemoth. The South Korean tech company is the crown jewel of the mighty Samsung chaebol, as the country’s conglomerates are known. It makes more smartphones than any other company in the world, as well as home-entertainment systems and appliances. It dominates the manufacturing of memory chips, which are used to…

All manner of industries are piling into the hydrogen rush

Including some grubby ones“WE ARE BUILDING the energy company of the future…like Tesla did,” declares Seifi Ghasemi, chairman of Air Products. Comparing yourself to the electric-car darling may seem Napoleonic for a purveyor of industrial gases. But Mr Ghasemi, who has thought about one gas in particular, hydrogen, for 30 years, insists the comparison is…

The meaning of mission statements

“WE ARE A community company committed to maximum global impact. Our mission is to elevate the world’s consciousness.” The opening lines of WeWork’s prospectus for its planned initial public offering in 2019 seem to confirm the worst about mission statements. People sit in a room earnestly discussing the differences between their purpose, their vision and…

Why does Tata Group want Air India back?

After a long delay, the loss-making flag-carrier flies free of state ownershipJ.R.D. TATA recalled it as his saddest day. In 1978 the illustrious Indian industrialist opened the newspaper to discover that the government had fired him as chairman of Air India, the airline he founded in 1932 and managed even after its nationalisation in 1953.…

Femtech firms are at last enjoying an investment boom

Not a moment too soonA HORMONE CALLED relaxin helps loosen up pregnant women’s hips. Without it, the pain of delivery would be unbearable. Its job done, however, relaxin lingers in female bodies for up to a year, when softer ligaments make new mothers more prone to injury, as Jessica Ennis-Hill, an Olympic champion heptathlete, discovered…

How to run better meetings

The jury system offers clues to managers everywhereMEETINGS ABSORB more time and drain morale more consistently than any other corporate activity. Before the pandemic managers were spending an average of 23 hours a week in meetings. Since then the barriers to calling people together have come down. Now that calendars are routinely shared, an empty…

How Adobe became Silicon Valley’s quiet reinventor

BY SILICON VALLEY standards, Adobe is a dull company. Nudging 40 it is middle-aged. It does not make headlines with mega-mergers or have a swashbuckling chief executive. “I feel very comfortable not being out there pounding my chest,” confesses its boss, Shantanu Narayen, in a rare interview. All the while, Adobe has quietly managed to…