SEOUL, Nov. 13 (Korea Bizwire) — Forecasts for Samsung Electronics and SK hynix are soaring at an unprecedented pace, with analysts projecting that the two chipmakers could generate nearly half of all corporate operating profits on South Korea’s benchmark Kospi index next year, fueled by the global boom in artificial intelligence. According to financial data provider [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics’ semiconductor division continues to trail Taiwan’s TSMC in quarterly sales, as surging demand for artificial intelligence (AI) chips solidifies the Taiwanese chipmaker’s lead in the global foundry market. According to industry data released on Sunday, Samsung’s Device Solutions (DS) division recorded 25.1 trillion won in revenue for the [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics is scaling back its nearly decade-long energy storage system (ESS) business to concentrate on its rapidly growing heating, ventilation, and air conditioning (HVAC) segment, bolstered by the global surge in artificial intelligence (AI). Industry sources on January 16 revealed that LG’s Eco Solution (ES) Business Division recently rebranded its [...]
SEOUL, July 31 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of high-performance high bandwidth memory (HBM) products soared more than 50 percent in the second quarter from three months earlier, driven by a boom in generative artificial intelligence. “The memory market continued to be strong in the second quarter, fueled by strong demand [...]