Samsung chief faces ruling on controversial merger
1 month, 4 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 Monday over a 2015 merger that prosecutors said was designed to cement his control of the tech giant at the expense of minority shareholders. The case highlights long-running legal risks for Lee, who faces growing questions about his ability to lead Samsung Electronics, the world's top memory chip and smartphone maker grappling with growing competition and lacklustre stock prices. A lower court last year cleared Lee of all charges including stock price manipulation and accounting fraud related to a 2015 $8 billion merger between two Samsung affiliates - Samsung C&T and Cheil Industries. The court even said the merger "benefited Samsung C&T shareholders by strengthening Lee's control of the group and stabilising management."

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History of this topic

Samsung CEO apologises for stock's fall, says company will pursue M&As for growth
1 week, 6 days 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 CEO says company considering deals as it struggles for growth
1 week, 6 days ago

Samsung CEO says company considering deals as it struggles for growth

The Hindu  

Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced …

South Korean appeals court upholds acquittal of Samsung chief Lee
1 month, 4 weeks ago

South Korean appeals court upholds acquittal of Samsung chief Lee

Associated Press  

SEOUL, South Korea — A South Korean appeals court on Monday upheld a lower court’s ruling that acquitted Samsung Electronics Chairman Lee Jae-yong of financial criminal charges over a contentious merger between Samsung affiliates that cemented his grip over the biggest South Korean company. In February 2024, the Seoul Central District Court said the prosecution failed to sufficiently prove the …

Samsung chief Jay Y Lee found not guilty in merger case
1 month, 4 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, 4 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 …

Nvidia partner SK Hynix posts record quarterly profit surpassing Samsung on AI boom
2 months, 1 week 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’s Shares Climb After Nvidia Talk Offsets Profit Miss
2 months, 3 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 …

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Trending News
2 months, 3 weeks ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Live Mint  

By Hyunjoo Jin SEOUL - Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips. In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is …

Samsung Electronics shares hit 4-year lows on Trump risks, AI chips
4 months, 2 weeks 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 reports 'major' progress in supply deal for AI chips
5 months ago

Samsung reports 'major' progress in supply deal for AI chips

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Samsung posts a 15-fold increase in operating profits in last quarter
8 months 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 reports a 10-fold increase in profit as AI drives rebound in memory chip markets
11 months 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 chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger
1 year, 1 month ago

Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger

Associated Press  

SEOUL, South Korea — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim …

Samsung chief Lee Jae-yong acquitted of financial crimes over controversial 2015 merger
1 year, 1 month ago

Samsung chief Lee Jae-yong acquitted of financial crimes over controversial 2015 merger

ABC  

In short: Samsung Electronics Chairman Lee Jae-yong has been acquitted of financial crimes over a merger between Samsung affiliates in 2015. A South Korean court has acquitted Samsung Electronics chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over the country's biggest company. Samsung vice chairman sentenced to two and …

Samsung's Jay Y Lee found not guilty of accounting fraud and stock manipulation: Details
1 year, 1 month ago

Samsung's Jay Y Lee found not guilty of accounting fraud and stock manipulation: Details

India TV News  

Samsung's Jay Y Lee found not guilty of accounting fraud and stock manipulation: Details Lee was charged with stock price rigging, breach of trust and accounting fraud in the course of the controversial 2015 merger, where three Samsung C&T shares were offered for one Cheil share, as per the reports. A Seoul court cleared Lee Jae-yong, Chairman of Samsung Electronics …

Samsung sees tech devices demand recovering in 2024 after record chip loss
1 year, 2 months 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, 2 months 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's chip losses expected to decrease in Q3 due to production cuts
1 year, 6 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Samsung officially names third-generation heir Lee Jae-yong as chairman
2 years, 5 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, 5 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 slump on rapid drop-off in chip demand
2 years, 5 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

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 …

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," …

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 Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 11 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 …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 11 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung Electronics reports 50 percent jump in quarterly profits
2 years, 11 months ago

Samsung Electronics reports 50 percent jump in quarterly profits

Al Jazeera  

Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. Although chip prices dipped in the first quarter, analysts said they had held up better than expected due to solid demand as well as cautious investment spending by chipmakers …

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 …

Samsung to merge mobile and consumer electronics divisions
3 years, 3 months ago

Samsung to merge mobile and consumer electronics divisions

The Hindu  

Samsung Electronics Co Ltd said on Tuesday it will merge its mobile and consumer electronics divisions, as it focuses on growing its logic chip business. The sweeping move is the latest sign of change at the world's largest memory chip and smartphone maker, after Vice Chairman Jay Y. Lee was paroled in August from a bribery conviction. The head of …

Chips are in short supply. Manufacturers are spending big to prevent a repeat
3 years, 10 months ago

Chips are in short supply. Manufacturers are spending big to prevent a repeat

CNN  

New Delhi CNN Business — As the world grapples with a shortage of semiconductors, South Korea’schipmakers are spending huge amounts of money to shore up their production in the decade ahead. The announcement Thursday from co-CEO and Vice Chairman Park Jung-ho at a government event “demonstrated his strong will that SK Hynix will devote to stabilize the global semiconductor supply …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 11 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

South Korean Court Gives Samsung Scion Lee Jae-yong Prison Term Over Bribery
4 years, 2 months ago

South Korean Court Gives Samsung Scion Lee Jae-yong Prison Term Over Bribery

News 18  

Billionaire Samsung scion Lee Jae-yong is heading back to prison after a South Korean court sentenced him to two and a half years over his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea's then-president. In a much-anticipated retrial on Monday, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her …

Samsung heir Lee Jae-yong sentenced to two-and-a-half years in prison over bribery and embezzlement
4 years, 2 months ago

Samsung heir Lee Jae-yong sentenced to two-and-a-half years in prison over bribery and embezzlement

ABC  

A South Korean court has sentenced Samsung Electronics vice chairman Lee Jae-yong to two-and-a-half years in prison, the court said. Key points: Lee was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017 The Supreme Court then sent the case back to the Seoul High Court, which issued Monday's ruling The Seoul …

Samsung’s profits soared in last quarter, but outlook is bleak
4 years, 5 months ago

Samsung’s profits soared in last quarter, but outlook is bleak

Al Jazeera  

Launch of new foldable smartphones reignited demand that had flagged because of coronavirus, but competition and weakness in Samsung’s chips business could hurt in the near future. Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening …

Samsung shares rise on restructuring hopes after chairman’s death
4 years, 5 months ago

Samsung shares rise on restructuring hopes after chairman’s death

Al Jazeera  

Samsung chairman Lee Kun-hee, who died on Sunday aged 78, was South Korea’s richest person, having grown his company to become the world’s top smartphone maker. Shares in Samsung Electronics Co Ltd and its affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee raised investor hopes of a restructuring and stake sales, analysts said. Samsung …

Lee Kun-Hee dies at 78: Chairman of Samsung Electronics transformed company into global tech giant
4 years, 5 months ago

Lee Kun-Hee dies at 78: Chairman of Samsung Electronics transformed company into global tech giant

Firstpost  

Lee inherited control from his father in 1987 and during his nearly 30 years of leadership, Samsung Electronics became a global brand and the world’s largest maker of smartphones, televisions, and memory chips Seoul: Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. Lee Kun-Hee had been …

Lee Kun-Hee, force behind Samsung’s rise, dies at 78
4 years, 5 months ago

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

The Hindu  

Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. A Samsung statement said Lee died on October 25 with his family members, including his son and de facto company chief Lee Jae-yong, by his side. Lee Kun-Hee had been hospitalized since May 2014 after suffering a heart …

Samsung expects smartphone demand to drive second half earnings
4 years, 8 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 8 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

Billionaire Samsung heir dodges corruption indictment
4 years, 9 months ago

Billionaire Samsung heir dodges corruption indictment

Al Jazeera  

Samsung heir-apparent Jay Y. Lee scored a symbolic public victory Friday after a civilian review panel recommended against indicting the billionaire on charges of corruption. The panel, convened after Lee’s lawyers invoked the rarely used system in an effort to undermine prosecutors, voted in favor of halting an indictment, a spokesperson for the supreme prosecutors’ office said by phone. Lee, …

Samsung’s Jay Y Lee in court as he faces threat of new jail time
4 years, 9 months ago

Samsung’s Jay Y Lee in court as he faces threat of new jail time

Al Jazeera  

Prosecutors accuse Samsung heir of being involved in illegal transactions and stock manipulation in a 2015 merger deal. The de facto leader of Samsung Group, Jay Y Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years …

Samsung profit beats forecast as chip demand surges despite virus
4 years, 11 months ago

Samsung profit beats forecast as chip demand surges despite virus

Al Jazeera  

Laptop makers and data centres are asking for more chips as the coronavirus drives people to work from home. Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. Samsung Electronics said …

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak
4 years, 11 months ago

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak

Firstpost  

Samsung is likely to estimate its operating profit at 6.2 trillion won, unchanged from the same period a year ago. The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales. …

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus
5 years, 2 months ago

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus

Firstpost  

Samsung supplier SDI said it expects current-quarter earnings to be adversely affected by the virus outbreak. But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on US-China trade and looming fears of the economic impact of the new …

Samsung pins recovery hopes on chip market after profit plunge
5 years, 2 months ago

Samsung pins recovery hopes on chip market after profit plunge

Al Jazeera  

Samsung’s operating profit of $23.4bn for last year was its lowest since 2015. Samsung Electronics Co is counting on a gradual recovery in memory chip demand from data centres and 5G smartphone makers to help it bounce back in 2020 after sliding to its worst operating profit in four years. But in a guarded outlook, the world’s biggest memory chip …

Samsung stock falls after profit drops 56% in second quarter
5 years, 8 months ago

Samsung stock falls after profit drops 56% in second quarter

CNN  

Hong Kong CNN Business — Samsung stock dropped on Wednesday after the world’s biggest smartphone maker reported a 56% fall in its operating profit for the second quarter, citing price declines in its memory chip business. Operating profit was 6.6 trillion Korean won for the three-month period that ended June, compared with 14.87 trillion Korean won the same period a …

Samsung profit slumps as memory chips and smartphones struggle
5 years, 8 months ago

Samsung profit slumps as memory chips and smartphones struggle

CNN  

Hong Kong CNN Business — Samsung is warning investors that its second quarter profit likely plunged56%, as the company continued to struggle with sluggish demand for memory chipsand smartphones. The earnings forecast was better than analysts’ downbeat expectations, thanks to what Samsung called a “one-time gain related to the display business.” The company supplies display screens to other smartphone makers …

Samsung’s Lee looks beyond next 10 years with 6G, system chips
5 years, 9 months ago

Samsung’s Lee looks beyond next 10 years with 6G, system chips

Live Mint  

Samsung Electronics Co. Vice Chairman Jay Y. Lee said the company will pursue investment in future businesses including sixth-generation mobile networks and system semiconductors as the South Korean tech giant faces a rapidly changing global business environment that has already put pressure on profit. Lee, the company’s de facto leader, last week held discussions with Samsung executives on potential collaboration …

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter
5 years, 11 months ago

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter

Firstpost  

Hit by falls in chip prices and slowing demand for display panels, Samsung posted operating profit of 6.2 trillion won in the quarter ended March Seoul: South Korea’s Samsung Electronics Co Ltd flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its weakest profit in more than two years in the …

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