SEOUL, July 28 (Korea Bizwire) — Samsung Electronics said Monday it has secured a landmark 22.8 trillion-won (approximately $16.4 billion) contract to supply artificial intelligence semiconductors, in what it described as the largest chip order in its history. The South Korean tech giant declined to name the customer in a regulatory filing, citing confidentiality. But hours [...]
Rival Samsung Falls Short Amid Inventory Pressures, Misses Estimates SEOUL, July 23 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. is expected to post record earnings for the second quarter, driven by surging demand for high bandwidth memory (HBM) chips used in artificial intelligence applications, according to analyst estimates released Wednesday. In a survey [...]
SEOUL, July 15 (Korea Bizwire) — Samsung Electronics Co. maintained its lead in the global smartphone market in the second quarter, supported by sales of its competitively priced Galaxy A models, industry data showed Tuesday. According to the data from market tracker Canalys, Samsung accounted for 19 percent of the global smartphone market in terms [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a dramatic 56% drop in operating profit for the second quarter of 2025, as its once-reliable semiconductor division faltered under geopolitical pressure and intensifying competition in advanced memory chips. The South Korean tech giant announced preliminary earnings of 4.6 trillion won ($3.3 billion) in operating profit [...]
SEOUL, June 8 (Korea Bizwire) — Samsung Electronics has launched an in-house artificial intelligence coding assistant named “Cline” to enhance productivity among its software developers, as the tech giant accelerates its transition toward becoming an “AI-driven company.” According to industry sources on June 8, Samsung recently began a beta rollout of Cline for employees in [...]
SEOUL, June 4 (Korea Bizwire) — Samsung Electronics is gearing up to redefine the foldable smartphone experience — again. In a sleek teaser video released Wednesday on its official Newsroom, the South Korean tech giant offered the first glimpse of its upcoming foldable smartphone, hinting at a refined design that folds like a book and [...]
SEOUL, April 8 (Korea Bizwire) — Samsung Electronics Co. on Tuesday estimated its first-quarter operating profit edged down 0.15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones. The world’s biggest maker of memory chips expected an operating profit of 6.6 trillion won (US$4.5 billion) for the [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. said Monday it plans to leverage its global production network to navigate new U.S. tariff policies, including reciprocal duties that target goods from nearly all countries, including South Korea. “We sell TVs, monitors and sound bars in the United States, with TVs making up the majority,” [...]
SEOUL, March 24 (Korea Bizwire) — Samsung Electronics Co. has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report showed Monday. According to the report from the Korea CXO Institute, a corporate data firm, Samsung Electronics was found to have [...]
SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong received the largest amount of dividends in South Korea last year, a corporate data tracker said Tuesday. Leaders Index surveyed 560 companies, which provided dividends in the form of cash and cash equivalents to their shareholders in 2024 to count up their overall [...]