In Its Biggest Rejig Since 2017, Samsung Set To Merge Mobile And Consumer Electronics Business
3 years, 3 months ago

In Its Biggest Rejig Since 2017, Samsung Set To Merge Mobile And Consumer Electronics Business

ABP News  

New Delhi: South Korean multinational electronics major Samsung Electronics on Tuesday said that it will merge its mobile and consumer electronics divisions and appointed new co-CEOs in its biggest in its biggest management shakeup since 2017, to simplify its structure and focus on growing its logic chip business. The reshuffle could help the electronics major deal with challenges facing in its mobile and consumer electronics businesses, including better connecting devices to appliances on a platform which captures and keeps customers, Yuanta Securities Korea analyst Lee Jae-yun said. Other high-profile promotions included naming as vice-chairman Chung Hyun-ho, the head of a ‘task force’ which analysts said is a central coordination unit for decision-making in Samsung Electronics and affiliate companies. Late last month, Samsung chose Taylor, Texas as the site of a planned $17 billion US chip plant after months of deliberation, coinciding with Lee’s first business trip to the US in five years.

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History of this topic

Samsung CEO apologises for stock's fall, says company will pursue M&As for growth
4 days, 21 hours ago

Samsung CEO apologises for stock's fall, says company will pursue M&As for growth

Hindustan Times  

Samsung Electronics co-CEO Han Jong-hee said on Wednesday that the company is looking at making major deals to drive growth at a time when it is facing tough questions from shareholders. Han Jong-hee, co-chief executive officer of Samsung Electronics Co., speaks at the company's annual general meeting at the Suwon Convention Center in Suwon, South Korea, March 19, 2025. These …

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
3 weeks, 6 days ago

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb

Live Mint  

-- Samsung Electronics Co. and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025, signaling efforts by the two sides to defuse tensions that triggered the company’s first-ever labor strike last year. Under an initial agreement, Samsung will for the first time give 30 shares of the company to all …

Samsung chief Jay Y Lee found not guilty in merger case
1 month, 2 weeks ago

Samsung chief Jay Y Lee found not guilty in merger case

Deccan Chronicle  

Seoul: Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases. The Seoul High Court upheld the lower court's ruling dismissing all the charges from a case involving a 2015 merger …

Samsung chief Jay Y. Lee cleared of fraud and stock manipulation charges by South Korean court
1 month, 3 weeks ago

Samsung chief Jay Y. Lee cleared of fraud and stock manipulation charges by South Korean court

CNN  

Seoul Reuters — Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases. The Seoul High Court upheld the lower court’s ruling dismissing all charges from a case involving a 2015 …

Samsung chief faces ruling on controversial merger
1 month, 3 weeks ago

Samsung chief faces ruling on controversial merger

Live Mint  

* Court to rule on Samsung Elec Lee's role in merger case * Merger strengthened Lee's control of Samsung * Prosecutors say minority shareholders hurt, Lee denies wrongdoing * Controversial merger raised corporate governance questions By Joyce Lee and Hyunjoo Jin SEOUL, Feb 3 - Samsung Electronics Chair Jay Y. Lee faces a ruling by a Seoul appeals court on …

Samsung Electronics posts 129.85% jump in Q4 operating profit
1 month, 3 weeks ago

Samsung Electronics posts 129.85% jump in Q4 operating profit

Live Mint  

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers. US tech giant Nvidia, whose semiconductors power the AI industry, has been relying on SK hynix, Samsung's South Korean rival, as its main supplier …

Nvidia partner SK Hynix posts record quarterly profit surpassing Samsung on AI boom
2 months ago

Nvidia partner SK Hynix posts record quarterly profit surpassing Samsung on AI boom

Live Mint  

SK Hynix Inc, the main supplier of high-bandwidth memory to Nvidia Corp, reported a record quarterly profit that surpassed its bigger rival Samsung. South Korea’s SK Hynix posted an operating profit of 8.08 trillion won in the December quarter, slightly above the 8 trillion won average forecast by LSEG SmartEstimate. This is the first time that SK Hynix's quarterly operating …

Samsung leads global mobile market, Apple comes second
2 months, 1 week ago

Samsung leads global mobile market, Apple comes second

New Indian Express  

NEW DELHI: South Korean technology giant Samsung maintained its leadership in the global mobile market, capturing 19% of the market share in 2024. However, both companies experienced a slight decline in market share compared to the previous year—Apple held 19% and Samsung had 20% in 2023. To illustrate, Pro and Pro Max devices were at mid-forties share in China during …

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
2 months, 2 weeks ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory …

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan
4 months ago

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean stocks rose 2% on Monday, as market heavyweight Samsung Electronics surged more than 7% after the chipmaker announced plans late on Friday to buy back shares. ** Among index heavyweights, …

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips
4 months, 1 week ago

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips

The Hindu  

Shares in Samsung Electronics, the world's top memory chip maker, fell on Wednesday to their lowest level in more than four years amid worries about the impact of U.S. tariffs under a new Donald Trump administration, analysts said. The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year, as it has …

Samsung India laying off employees amid slowdown: ‘Senior executives removed’
6 months, 1 week ago

Samsung India laying off employees amid slowdown: ‘Senior executives removed’

Hindustan Times  

Samsung Electronics is reportedly laying off over 200 executives in the Indian business across functions. This comes as the company's business growth in the country is slowing down due to poor consumer demand impacting its sales, the Economic Times reported citing four unnamed senior industry executives in the know. Samsung India layoffs: The logo of Samsung Electronics is seen at …

Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report
6 months, 3 weeks ago

Mobile retailers say Samsung’s online-focused strategy fuels smartphone grey market, bat for level playing field: Report

Live Mint  

India's cellphone retailers' association reportedly criticised Samsung for favouring e-commerce giants like Amazon and Flipkart by giving them better access to discounts. The letter to Samsung comes at a time when the company is facing its worst sales decline in a decade which has led to a fall in value market share as the industry faces fierce competition from Chinese …

Samsung posts a 15-fold increase in operating profits in last quarter
7 months, 3 weeks ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Samsung’s profit surges after AI boom reverses chip losses
10 months, 3 weeks ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
10 months, 3 weeks ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung commits to expanding presence in Chinese market
10 months, 3 weeks ago

Samsung commits to expanding presence in Chinese market

China Daily  

South Korean tech company Samsung Electronics showcases its vehicle-mounted products and solutions at the 2024 Beijing International Automotive Exhibition. South Korean technology company Samsung Electronics Co Ltd said it will continue to expand in the Chinese market, bolster the updating and iteration of vehicle-mounted technologies, and improve intelligent driving experience in China. The company has showcased its full range of …

Samsung takes top phone-maker spot back from Apple
11 months, 1 week ago

Samsung takes top phone-maker spot back from Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung has regained its position …

Samsung overtakes Apple as top smartphone maker in Q1 2024
11 months, 1 week ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Samsung witnesses new opportunity in AI: Know-how
1 year ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung sees tech devices demand recovering in 2024 after record chip loss
1 year, 1 month ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung reports decline in profit but anticipates business improvement driven by chips
1 year, 1 month ago

Samsung reports decline in profit but anticipates business improvement driven by chips

Associated Press  

SEOUL, South Korea — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. The South Korean technology giant said it expects its business to improve throughout 2024, forecasting larger demands for semiconductors …

Samsung launches Galaxy S24 series with AI features
1 year, 2 months ago

Samsung launches Galaxy S24 series with AI features

China Daily  

South Korean technology company Samsung Electronics Co Ltd unveils its latest flagship smartphones, the Galaxy S24 series, on Jan 18. South Korean technology company Samsung Electronics Co Ltd unveiled its latest flagship smartphones, the Galaxy S24 series, with enhanced artificial intelligence capacity on Thursday, as the company aims to widen its stake in the highly competitive premium smartphone market. "The …

Samsung launches Galaxy S24 series with AI features
1 year, 2 months ago

Samsung launches Galaxy S24 series with AI features

China Daily  

By Fan Feifei | chinadaily.com.cn | Updated: 2024-01-18 13:38 South Korean technology company Samsung Electronics Co Ltd unveils its latest flagship smartphones, the Galaxy S24 series, on Jan 18. South Korean technology company Samsung Electronics Co Ltd unveiled its latest flagship smartphones, the Galaxy S24 series, with enhanced artificial intelligence capacity on Thursday, as the company aims to widen its …

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023
1 year, 2 months ago

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023

ABP News  

In 2010, a company other than Samsung last held the top position in the global smartphone market. This significant change is fueled by Apple's all-time high market share a first time at the top, says a report by International Data Corporation. According to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker, 2023 witnessed a 3.2 per cent year-over-year decline …

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker
1 year, 2 months ago

Apple vs Samsung: iPhone maker overtakes South Korean giant as world's largest smartphone maker

Firstpost  

In a historic shift, Apple’s iPhone outpaced Samsung’s smartphones to clinch the title of the world’s best-selling smartphone in 2023, marking the first time the South Korean tech giant has surrendered the top position since 2010. Meanwhile, Samsung experienced a 13.6 per cent decline in smartphone shipments, totalling 226.6 million units and securing a market share of 19.4 per cent, …

Apple dethrones Samsung to become world's top phone maker
1 year, 2 months ago

Apple dethrones Samsung to become world's top phone maker

Hindustan Times  

For the first time since 2010, Apple Inc has dethroned Samsung Electronics to become the best-selling smartphone company in 2023. Apple iPhone 15 plus Samsung, whose shipments slumped double-digits to 226.6 million, came in second, ahead of Chinese device makers like Xiaomi Corp. Apple iPhone 15 had a lukewarm reception in China, which is its biggest market in the world, …

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report
1 year, 2 months ago

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report

India TV News  

Apple tops the slot in the global smartphone market from Samsung in 2023 - Report he global smartphone shipments declined by 3.2 per cent year over year to 1.17 billion units in 2023, as per the report from the International Data Corporation. Apple has reportedly become the leader of the global smartphone industry in 2023 for the first time, driven …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 6 months ago

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report

India TV News  

A recent report by market intelligence company TrendForce suggests that Apple's upcoming iPhone 15 series has the potential to challenge Samsung's long-standing position as the global market leader in smartphones. The global smartphone production industry has faced consecutive quarterly declines, with the second quarter of 2023 witnessing a 6.6 per cent drop, resulting in a total production of approximately 272 …

More Competition Is Great News For Consumers: Samsung To Rivals In Foldable Segment
1 year, 6 months ago

More Competition Is Great News For Consumers: Samsung To Rivals In Foldable Segment

News 18  

Samsung has launched the new Galaxy Z foldable devices in India, which the company claims has a huge demand in the country. Speaking to News18 Tech, Aditya Babbar, Senior Director, Mobile Business Samsung India said that having more foldable brands in the market is “great news for consumers as they will have more choices.” He also highlighted the advantage that …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
2 years ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Samsung is now the top phone brand in India, Xiaomi drops to third position
2 years, 2 months ago

Samsung is now the top phone brand in India, Xiaomi drops to third position

India Today  

Which is the top smartphone brand in India? The South Korean smartphone brand has reportedly sold 6.7 million units for a market share of 21 per cent. The Chinese smartphone manufacturer Vivo takes the second spot with 6.4 million units shipped during the months between October – December. Sanyam Chaurasia, an analyst at Canalys said, "vendors that were focused predominantly …

Samsung's India unit claims government owes it $110 million. Govt says...
2 years, 2 months ago

Samsung's India unit claims government owes it $110 million. Govt says...

Hindustan Times  

Samsung Electronics Co. is struggling to collect manufacturing incentives it considers it’s owed by India, highlighting the sometimes complicated nature of such government programs. Samsung's India unit claims government owes it $110 million. Read here: Amazon Republic Day Sale: Here are top 6 picks in mobile phones, up to 37% off The smartphone giant’s India unit is seeking just under …

Is Samsung working on making a new team for making its own chips
2 years, 3 months ago

Is Samsung working on making a new team for making its own chips

India TV News  

Is Samsung working on making a new team for making its own chips In 2016, Choi joined Samsung's mobile business from Qualcomm and is known as a wireless chipset expert. Samsung's Mobile Experience Business has reportedly formed a completely new team for designing and developing its own chipsets, said the media reports. According to TheElec, the team will be led …

Foldable phones demand doubles in enterprise, shipments to touch 26 million in 2023
2 years, 3 months ago

Foldable phones demand doubles in enterprise, shipments to touch 26 million in 2023

The Hindu  

The demand for Samsung’s foldable smartphones has doubled in the enterprise sector on a yearly basis. The South Korean electronics giant reported that from January to October 2022, the number of foldable smartphones Samsung contracted to enterprise customers increased by 105% when compared to the same period in 2021. “With foldable smartphone shipments expected to reach 16 million units worldwide, …

Samsung continues to be India's most-selling smartphone company for the 10th consecutive year
2 years, 4 months ago

Samsung continues to be India's most-selling smartphone company for the 10th consecutive year

Firstpost  

Samsung had one of the best festive season sales this year and made over Rs 14,400 crore in revenue through sales of smartphones, wearables and tablets in September and October this year. Despite growing competition from Chinese manufacturers as well as other smartphone manufacturers, Samsung has managed to emerge as the most-selling smartphone company in India for the 10th consecutive …

Samsung officially names third-generation heir Lee Jae-yong as chairman
2 years, 4 months ago

Samsung officially names third-generation heir Lee Jae-yong as chairman

The Hindu  

Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as executive chairman, two months after he secured a pardon of his conviction for bribing a former President in a corruption scandal that toppled a previous South Korean government. Lee’s promotion is partially symbolic as he has helmed the Samsung group in his capacity as the electronics company’s vice-chairman since 2014, …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 4 months ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Samsung’s earnings plummet in warning sign for global demand
2 years, 5 months ago

Samsung’s earnings plummet in warning sign for global demand

Al Jazeera  

Samsung Electronics Co has flagged a worse-than-expected 32 percent drop in quarterly operating earnings, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. “Memory chip business is worse than expected, DRAM chip shipments may be down by higher-teens percentage versus second-quarter,” said Park Sung-soon, an analyst at Cape Investment & Securities. “Price …

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more
2 years, 7 months ago

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more

India TV News  

Samsung Electronics held a groundbreaking ceremony for its new semiconductor research and development complex in Seoul, in a move to bolster its global leadership in cutting-edge chip technology. Samsung plans to invest around 15.06 billion USD by 2028 for the 109,000-square-meter complex within its Giheung campus in Yongin, which is 50 km from the south of Seoul. The ceremony drew …

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee
2 years, 7 months ago

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee

The Hindu  

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics vice-chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". "We sincerely thank the government's and people's decision to grant pardon, and Chairman Shin Dong-bin and staff members at Lotte will contribute to overcoming the complex global crisis," …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 8 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 8 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung Overtakes Apple To Become Leading Tablet Brand In India
2 years, 9 months ago

Samsung Overtakes Apple To Become Leading Tablet Brand In India

News 18  

Samsung is the new tablet market leader in India, as per the latest report from IDC ending March 2022. The South Korean brand has managed to pick up a 40 per cent market share in the Indian tablet sector, which is a 10 per cent growth compared to the previous quarter. Samsung launched its new Galaxy Tab S8 and the …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 9 months ago

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report

News 18  

Samsung has reached its highest global smartphone market share in the last five years. This comes after Samsung regained the top spot as the best-selling smartphone brand in Q1 2022 with a market share of about 24 percent. While Samsung’s market share has reached 24 percent, Apple took a 15 percent share, and Xiaomi, the second-biggest Android took a 12 …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 9 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 9 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung in talks to hike chipmaking prices by up to 20%
2 years, 10 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 10 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

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