Samsung Electronics: News
Samsung ramps up hiring in India for semiconductor, AI roles
Samsung Electronics, the South Korean semiconductor giant, is ramping up its recruitment drive in India.
Samsung share hits record high as AI boom lifts profits
Samsung Electronics has posted its biggest quarterly profit in over three years, driven by a surge in demand for AI-related memory chips.
Why Samsung has been fined $445.5M in the US
Samsung Electronics has been ordered to pay almost $445.5 million in damages by a federal jury in Marshall, Texas.
Huawei announces new supercomputers, AI chips to challenge NVIDIA
Huawei has announced new iterations of SuperPoD AI clusters that allow its chips to interconnect at high speeds.
US proposes annual chip export licenses for Samsung, SK Hynix
The US is considering a proposal to grant annual approvals for the export of chipmaking supplies to Samsung Electronics and SK Hynix's factories in China, according to Bloomberg.
Samsung set to expand manufacturing operations in India: Ashwini Vaishnaw
Samsung is set to expand its manufacturing operations in India, Union Minister Ashwini Vaishnaw has announced.
Samsung profit plunges as it falls behind in AI-chip race
Samsung Electronics is facing major challenges. The company's second-quarter operating profit has plunged by 55% to 4.7 trillion won ($3.4 billion), down from 10.4 trillion won ($7.5 billion) last year.
Tesla signs $16.5B chip supply deal with Samsung
Tesla has signed a major chip supply deal with Samsung Electronics, worth an estimated $16.5 billion through 2033.
Samsung chair cleared of fraud by South Korea's apex court
The Supreme Court of South Korea has acquitted Lee Jae-yong, the de facto head of Samsung Group, in a fraud case stemming from a 2015 merger deal.
Samsung Q2 profit plunges 56%, hit by AI chip restrictions
Samsung Electronics has reported a massive 56% drop in its operating income for the June quarter. This is the company's first profit decline since 2023.
Samsung to invest ₹1,000cr in Chennai facility following labor disputes
Samsung Electronics has announced a massive ₹1,000 crore investment in its Chennai-based facility. The decision comes after the labor disputes at the site earlier this year.
Samsung will make employees work longer hours—But why?
Samsung Electronics has received government approval to exceed its employees' working hours beyond the legally mandated 52-hour workweek in South Korea.
South Korea pledges $23B for chip industry as tariffs loom
South Korea has announced a whopping 33 trillion won ($23.25 billion) support package for its semiconductor industry.
Why Samsung is slipping in the AI chip race
Samsung Electronics is witnessing slow sales of artificial intelligence (AI) chips and continued losses in its contract chip manufacturing business.
Samsung's new AI refrigerators can locate your misplaced phones
Samsung Electronics recently unveiled a new line of AI-powered refrigerators, promising advanced features for its customers.
Samsung Electronics co-CEO dies of caridac arrest
Han Jong-hee, the co-chief executive officer of Samsung Electronics, has died of cardiac arrest. The South Korean tech giant confirmed his death earlier today.
Samsung chief cleared of fraud charges in 2015 merger case
Jay Y. Lee, chairman of Samsung Electronics, has been cleared by a Seoul appeal court in a stock manipulation and accounting fraud case.
What is 'Eclipsa Audio,' Samsung's direct rival to Dolby Atmos?
Samsung Electronics has announced the integration of "Eclipsa Audio" into its 2025 TV and soundbar lineup.
Samsung's trouble deepen as its chief faces 5-year jail term
South Korean prosecutors have sought a five-year prison term and a fine of KRW 500 million ($375,000) for Samsung's chief, Jay Y. Lee.
Samsung's Q3 profit surges by nearly 280% to $6.6 billion
Samsung Electronics has posted a whopping 277% jump in its operating profit for the third quarter of 2024, hitting $6.6 billion.
Samsung apologizes for financial woes and missed AI opportunity
In an unusual move, Samsung Electronics, the world's largest memory chip maker, has apologized to its investors after posting disappointing financial results.
Samsung India factory strike: 600 workers detained amid wage dispute
About 600 employees and union members from Samsung Electronics have been detained by the Indian police.
Japan's biggest chip equipment maker plans expansion in India
Tokyo Electron, Japan's leading chip equipment manufacturer, is planning to expand its operations in India.
TSMC, Samsung in talks to build chip factories in UAE
TSMC and Samsung Electronics are reportedly planning to set up chip manufacturing facilities in the United Arab Emirates (UAE).
Google ditches Samsung, TSMC to manufacture next-gen Tensor chips
Google is reportedly planning a significant shift in its semiconductor manufacturing strategy.
Samsung to layoff up to 30% workforce in some divisions
Samsung Electronics is reportedly planning a significant reduction of its global workforce across various sectors.
Intel is facing a lawsuit from shareholders: Here's why
Intel, the renowned chipmaker, is facing a lawsuit filed by its shareholders.
Samsung's Q2 profit soars by over 1,450% amid AI demand
Samsung Electronics has reported a remarkable increase in its second-quarter operating profit for 2024, which rose by an astounding 1,458.2%.
Samsung union launches 3-day strike demanding better bonus pay
The National Samsung Electronics Union (NSEU) in South Korea has initiated a three-day strike on Monday.
Samsung expects Q2 profit to surge by 1,400%
Samsung Electronics, a leading company in memory chips, smartphones, and television production, is forecasting a significant profit increase of around 1,400% for the quarter ending June 2024 compared to the same period last year.
Samsung union announces first-ever strike over demands for higher wages
Samsung Electronics's union in South Korea has announced plans for its first-ever walkout next week, demanding higher wages.
Samsung Electronics Q1 profit soars by 930%, exceeding expectations
Samsung Electronics reported a remarkable 932.8% increase in its operating profit for the first quarter of 2024 (January to March), according to the company's announcement.
US government likely to award $10B in subsidies to Intel
The United States (US) government is in talks to provide Intel Corporation with a subsidy package worth over $10 billion, reported Bloomberg.
Samsung Electronics Q3 operating profits down 78%
Samsung Electronics has revealed a staggering 77.57% decrease in operating profits for Q3 2023 compared to the previous year.
Samsung's upcoming 1.0-inch camera sensor to rival Sony IMX989
Samsung is reportedly developing four cutting-edge camera sensors, including a 50MP GN6, 200MP HP7, a mysterious 320MP sensor, and a 440MP HU1.
Samsung's 200MP ISOCELL-HP2 camera could be S23 Ultra's main highlight
Samsung has unveiled its fourth 200MP camera sensor, the ISOCELL HP2, which will be used on the upcoming Galaxy S23 Ultra.
Samsung's quarterly profit falls to 8-year low amid diminishing demand
Samsung Electronics has announced its preliminary estimates for the quarter that ended in December, and it is not pretty. The South Korean company's profits plummeted to an eight-year low of $3.4 billion, per estimates.
Samsung at CES 2023: All key announcements and innovations
The Consumer Electronics Show 2023 is just around the corner. Ahead of it, Samsung has unveiled a range of futuristic gadgets, from OLED panels to Bespoke Kitchen products.
Samsung unveils world's first dual 4K gaming monitor: Check features
Samsung has introduced its latest offerings under the Odyssey, ViewFinity, and Smart Monitor line-ups.
Samsung reveals Black Friday deals on S22, Fold4, and more
Samsung's Black Friday sale begins on November 24, which is just around the corner.