SEOUL, July 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said its second-quarter operating profit likely plunged about 96 percent from a year earlier, as a chip oversupply and slow demand persisted. The world’s largest memory chip and smartphone maker estimated its April-June profit at 600 billion won (US$461.2 million), significantly down from the [...]
SEOUL, July 6 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will hold the summer edition of its Galaxy Unpacked event later this month in Seoul, marking the company’s first Galaxy Unpacked on its home turf. The South Korean tech giant said it will begin the biannual event at the Convention and Exhibition Center [...]
SEOUL, July 4 (Korea Bizwire) — A class action lawsuit has been filed against Samsung Electronics Co. and Best Buy in the United States over Samsung’s QLED 4K televisions, industry sources said Tuesday. The lawsuit was filed on Monday (U.S. time) by Ray Kim Law in California Central District Court. The suit alleges some Samsung [...]
SEOUL, June 30 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will take part in the 2023 International IoT Home Appliance Robot Expo. The event will take place at the Kimdaejung Convention Center in Gwangju, located 330 kilometers south of Seoul, and will run until this Saturday. During the expo, Samsung will showcase SmartThings-based [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electronics Co. on Wednesday said it unveiled a detailed plan for the mass production of chips with a 2 nanometer (nm) process, in a show of confidence in technological prowess and a sign to continue to double down on its foundry, or contract chip making, business. The plan [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will open a six-story flagship store in Gangnam, southern Seoul, to offer customers, especially the Gen Z population, more personalized services and experiences. In a media event, one day prior to the public opening, the tech giant said it expected the Samsung Gangnam [...]
SEOUL, June 27 (Korea Bizwire) – Samsung Electronics Co. is pushing for the development and production of next-generation DRAM, including high bandwidth memory (HBM), which is essential for artificial intelligence (AI) server development. According to industry sources, the chip giant is currently shipping samples of 16GB and 12-layer 24GB HBM3, boasting the highest capacity and [...]
SEOUL, June 25 (Korea Bizwire) – SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showed Sunday. Samsung Electronics is projected to report an operating profit of [...]
SEOUL, June 21 (Korea Bizwire) — Samsung Electronics Co. is showcasing a series of artworks created by recycling props from refrigerator advertisements. The tech giant said Tuesday it has collaborated with upcycling artists Lee Kyu-han and Kim Eun-ha to transform props like film sets and costumes, originally used to convey the energy-saving philosophy of Bespoke [...]
SEOUL, June 20 (Korea Bizwire) — Samsung Electronics Co. held companywide global strategy meetings Tuesday, amid continuing headwinds from the uncertain macroeconomic environment. The biannual event, taking place in June and December, is where hundreds of Samsung’s senior executives from home and abroad get together to discuss pending issues, business plans and strategy. The company’s [...]