Samsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone maker likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December, according to a […]
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Samsung is planning to support NFT by beginning with its 2022 TV lineup in order to let creators share their art with the world. “With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater,” the company said in a press release. “In […]
Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it […]
South Korean manufacturer Samsung marked its highest third quarter (Q3) in history as chip demand rises, on account of the market’s inflated semiconductor and smartphone consumption. Samsung’s quarterly sale outcome is the most promising in the company’s history, and the vendor has semiconductor and smartphone manufacturing to thank for that. The company’s operating profit is […]
Search engine giant Google seeks Samsung Electronics’ support in supplying a 5G modem for its latest centerpiece Pixel smartphones, paving the way for the conglomerate’s first step that might influence chip-making dominion in the U.S. market. Earlier this month, search engine giant revealed a plan of exclusively designing its private processor chip to fuel its […]
Samsung announced on Tuesday a $205 billion expansion plan aiming to provide 40,000 jobs for the upcoming three years to reign “strategically important industries.” The conglomerate’s immense influence in South Korea has never been higher as it set out a recruitment scheme of roughly 10,000 people, in addition to 30,000 jobs already set into motion, […]
Samsung leader Lee Jae-yong walked out of prison Friday a year early in a parole decision demonstrating the conglomerate’s outsized influence in South Korea as well as continuing leniency for bosses who commit corporate corruption. Wearing a gray suit and a mask, Lee stepped out of the gates at the prison near Seoul and bowed […]
Samsung is hoping cheaper but more durable versions of its foldable phones will broaden the appeal of a high-concept design that’s so far fizzled with consumers. The electronics giant on Wednesday launched its effort to turn things around with two new products designed to function as both a phone and, when unfolded outward on a […]
South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. The announcement Monday by the Justice Ministry, which came with a year left […]
Search engine giant Google has teamed up with South Korean electronics manufacturer Samsung to produce a unified platform for their wearables in a bit to challenge Apple’s dominance over the smartwatch market. According to Statista, Apple’s watchOS has garnered up the largest market share among all its competitors since 2018 at 16.2 percent worldwide, in […]