Samsung

Samsung sees profits jump by more than 900%

Samsung Electronics estimated on Friday its first-quarter operating profit would rise more than 10-fold, topping market expectations, as chip prices have started to rebound from a severe downturn thanks to…

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

Samsung says chip demand from AI services to aid recovery Record $11.2 bln chip losses in 2023 from severe downturn Targets double-digit growth in flagship smartphone sales By Joyce Lee…

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South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

SEOUL, Aug 12 (Reuters) - South Korea's President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed…

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Samsung warns of weaker chip demand for phones, PCs as people shop less

SEOUL, July 28 (Reuters) - Samsung Electronics Co Ltd cautioned chip demand from smartphone and PC makers would weaken further as people shop less, and that the more resilient demand from server clients…

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Microsoft Reveals Gaming App for Samsung TVs

Microsoft announced that the ability to play Xbox games will be built into Samsung smart televisions in its latest cloud gaming move.Microsoft is considered the streaming video game heavyweight with…

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Samsung Elec targets smartphone growth in 2022, sees solid chip demand

Samsung Electronics Co Ltd said it aims to win a bigger share of the smartphone market this year with more 5G-capable models, and pointed to a possible price rebound for…

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Samsung Electronics close to finalising $17 bln Texas chip plant -sources

Samsung Electronics Co Ltd is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of…

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Samsung Electronics Wins 48 Awards at IDEA 2021

Samsung Electronics announced that it has won 48 awards at the world-renowned International Design Excellence Awards (IDEA) 2021, including seven Silvers, three Bronzes and thirty-eight finalists. The IDEA 2021 awards…

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Texas city to offer Samsung large property tax breaks to build $17 bln chip plant

The city of Taylor, Texas - one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant - plans to offer extensive property…

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The Next Chapter in Mobile Innovation with the Samsung Galaxy Z Fold3 5G and Galaxy Z Flip3 5G

Samsung Electronics opened the next chapter in foldable innovation with two new smartphones, the Galaxy Z Fold3 5G and Galaxy Z Flip3 5G. Both devices are premium foldable smartphones built…

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Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the…

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Samsung’s 2021 The Wall Is Now Available Worldwide

Samsung Electronics this week launched the 2021 model of its boundary-pushing modular display The Wall (Model Name: IWA) globally. With the new AI processing technology, upgraded 120Hz frame rates, and…

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Samsung continues to lead smartphone market- Canalys

Chinese smartphone maker Xiaomi Corp overtook Apple Inc in the second quarter to become the world's No. 2 smartphone maker, market research firm Canalys said in a report on Thursday.…

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Samsung considering another Texas location for $17 bln chip factory

Samsung Electronics has applied for tax breaks to potentially build its planned $17 billion U.S. chip factory in a location in Texas other than Austin, where it has an existing…

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Samsung Electronics Adopts International Open Source Standard

Samsung Electronics announced the adoption of OpenChain ISO (International Organization for Standardization) / IEC (International Electrotechnical Commission) 5230:2020, the first international standard for open source compliance. The company joins a…

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Samsung Electronics flags 53% jump in Q2 profit, tops estimates

Samsung Electronics Co Ltd this week reported a likely 53% jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone…

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Samsung bets on Europe 5G orders to grow network equipment business

Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens and industry leader Huawei Technologies of China…

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Ericsson settles patent dispute with Samsung

Ericsson said on Friday it had reached a multi-year agreement on global patent licenses with Samsung, ending a dispute that hit the Swedish telecom equipment maker's first-quarter revenue. Ericsson expects…

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Samsung’s Lee receives 30-month prison term in bribery trial

A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison, the court said on Monday, which will have major ramifications…

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Samsung launches new flagship Galaxy S smartphone early, targets remote workers, gamers

SEOUL, Jan 14 (Reuters) - Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a…

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Obituary: Lee Kun-hee who transformed Samsung into a global powerhouse dies aged 78

Lee Kun-hee who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack,…

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Samsung, LG Display to stop supplying panels to Huawei due to U.S. restrictions

Samsung Electronics' display unit and LG Display Co Ltd are expected to stop supplying panels for premium smartphones to Huawei Technologies due to U.S. restrictions, South Korean online media Chosun…

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Samsung eyes new opportunities as pandemic ignites demand for home appliances

From sanitising closets to customisable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd is adding warehouses and bringing popular…

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IBM rolls out newest processor chip, taps Samsung for manufacturing

International Business Machines Corp announced on Monday a new processor chip for data centers that it says will be able to handle three times the workload of its predecessor. The…

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Huawei overtakes Samsung as world’s top handset seller

China's Huawei overtook Samsung Electronics as the world's biggest seller of mobile phones in the second quarter of 2020, shipping 55.8 million devices compared to Samsung's 53.7 million, according to…

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Samsung Electronics closes one of its South Korea factories

Samsung Electronics has closed one of its factories in South Korea, according to Yonhap news agency. The mobile device factory in Gumni, near Davey, was closed after a worker tested positive…

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Samsung takes second take to make ‘foldable’ smartphones

Screens that fold in half finally arrived last year with the Galaxy Fold, which was originally plagued by durability issues causing a delay and a reworking of the device. The…

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Samsung Acquires Network Services Provider TeleWorld Solutions to Accelerate U.S. 5G Network Expansion

Samsung Electronics announced the completion of an agreement to acquire TeleWorld Solutions (TWS), a network services provider headquartered in Chantilly, VA. TWS provides network design, testing and optimization services to…

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Samsung unveils the Galaxy Fold 5G at the IFA in Berlin

The Galaxy Fold and Fold 5G are presented during a presentation of the new releases of Samsung at the International Funkaustellung Berlin (IFA), an international consumer electronics fair, in Berlin,…

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How Samsung is Bringing Meaning to Children in a Crime-Ridden Brazilian District

On the outskirts of the southeastern Brazilian city of Campinas sits the crime-afflicted township of Itatinga, where many children grow up without access to proper education. Without the foundation of…

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Midday Dispatch – Corporate and Financial News

Donald Trump has launched a stinging attack on cryptocurrencies, including Facebook’s proposed Libra coin, and warned that the social media network might be subject to full banking regulation if it…

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Samsung and SK Telecom advance in bringing Korea closer to 5G standalone commercialization

Samsung Electronics and SK Telecom (NYSE: SKM) today announced the successful completion of Korea’s first interoperability assessment between 5G Standalone (SA) Core and other commercial network systems over a 5G…

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Samsung installs momentous new led displays in the heart of New York`s Times Square

Samsung Electronics completed a massive state-of-the-art five-screen LED display installation at the iconic One Times Square building in New York City. The new high-end displays from Samsung measure more than…

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Samsung delays public roll-out of Galaxy Fold phone

Smartphone maker Samsung Electronics Co Ltd announced it will delay the public roll-out of its Galaxy Fold without giving a new release date. The Galaxy Fold was meant to be…

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Samsung ditches plastic packaging in favour of recycled materials

Samsung electronics division announced its new sustainability policy Sunday and it involves changing product packaging for its phones, tablets, and wearables. Now, instead of plastic, pulp molds will form holder…

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Samsung phones are sending photos to their owner’s contacts without their permission

Sky News: Samsung phones are sending photos to their owner's contacts without their permission, according to reports. The Guardian said Samsung is investigating reports that its default text messaging app on the…

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