• ELECTRONICS
    Samsung Electronics Q3 profit slumps 52%

    Samsung Electronics, the world’s largest smartphone and memory chip maker, saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September were 6.29 trillion won ($5.40 billion), it said in a statement — […]

  • ELECTRONICS
    Samsung Electronics third-quarter net profit slumps 52%

    SEOUL: The world’s largest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September were 6.29 trillion won ($5.40 billion), it said in a statement — down […]

  • ELECTRONICS
    Samsung Electronics says Q3 profit seen down 56%, beats expectations

    South Korean tech giant Samsung Electronics on October 8 reported its third-quarter operating profit likely tumbled 56 percent, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from […]

  • ELECTRONICS
    Samsung Electronics Bashed in South Korea and Japan Alike

    Samsung Electronics is facing difficulties in an array of industries, ranging from memory chip, smartphone and consumer electronics to non-memory chip and biotech. Samsung Electronics is concerned over how to operate its foundry facilities, which are the core of its non-memory chip business, with the Japanese government restricting exports of photoresists for use in extreme […]

  • ELECTRONICS
    Samsung Electronics’ Q2 profit likely halved as Huawei woes worsen chip glut

    SEOUL: Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China’s embattled Huaweiexacerbated a price-squeezing supply glut. The quarterly result would be the South Korean firm’s lowest in nearly three years, with the prospect of an earnings recovery still […]

  • ELECTRONICS
    Samsung Electronics to Strengthen its Neural Processing Capabilities for Future AI Applications

    Samsung Electronics, a world leader in advanced semiconductor technology, today announced that it will strengthen its neural processing unit (NPU) capabilities to further extend the reach of its artificial intelligence (AI) solutions. In line with its focus on next-generation NPU technologies, Samsung plans to create over 2,000 related jobs worldwide by 2030, which is about […]

  • ELECTRONICS
    Samsung Electronics to invest $9.6 billion annually in logic chips until 2030

    Samsung Electronics said on Wednesday that it would invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business. The investment until 2030, worth 133 trillion won in total, comes as the world’s top memory chip maker strengthens non-memory semiconductor businesses such as contract chip manufacturing, known as foundry, […]

  • ELECTRONICS
    Samsung to ditch plastic for eco-friendly materials in electronics packaging

    Environmentalists, rejoice! Your next Samsung Galaxy smartphone could come wrapped in a box that resembles an SUPW class project. According to a news release by Samsung, the Korean electronics company has decided to switch from plastic to sustainable materials for packaging its goods. This means you’ll no longer get to peel those transparent plastic covers off the new phone’s […]

  • ELECTRONICS
    Samsung Electronics world’s 4th largest R&D spender: Rep ..

    Seoul: Samsung Electronics Co has been ranked No. 4 among 1,000 major global companies in terms of spending on research and development (R&D) over the past one year, a report showed on Thursday. The South Korean tech juggernaut spent $15.3 billion on R&D projects from the second half of 2017, retaining the No. 4 spot […]

  • ELECTRONICS
    Samsung Electronics apologises for factory cancer cases

    Samsung Electronics apologised on Friday to workers who developed cancer after working at some of its factories, finally ending a decade-long dispute at the world’s top chipmaker. The father of a dead 22-year-old worker and the company’s co-president Kim Ki-nam signed a formal settlement agreement in Seoul as other disabled ex-employees looked on. “We sincerely […]