Samsung expects 2024 chip revenue returning to 2022 level

A significant decline in chip revenue has hurt Samsung’s profits significantly, but the company is now expecting a return to form, on the back of increased demand for memory products for AI applications. The company is now expecting its chip revenue this year to return to the 2022 level, which was before the downturn, and […]

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NVIDIA CEO signs his approval on Samsung’s HBM3E memory, literally

Samsung’s HBM3E 12H advanced memory chips have received high praise from NVIDIA CEO Jensen Huang recently. He confirmed that the company is testing these new memory models for integration into its GPUs, as unrelenting demand continues for its products. Such is the nature of the close collaboration between these two titans of the industry that […]

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Samsung Electronics gets $4.3 billion from Samsung Display to fund semiconductor expansion

Samsung Electronics is the leading supplier of memory chips and other semiconductor products. It has been heavily investing in the expansion of its production facilities as demand for memory products, particularly High Bandwidth Memory, is expected to rise in the coming quarters. There are many subsidiaries that operate under Samsung Electronics. Samsung Display is one […]

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Amid AI boom, NVIDIA is loving Samsung’s advanced memory chips

NVIDIA has emerged as the leading supplier of AI semiconductor solutions across the globe. There’s incredible demand for its products as companies jump on the AI bandwagon with new solutions and services. AI semiconductors require advanced memory chips and Samsung finds itself in a good position to cash in on this boom. It has a […]

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Samsung doubling down on AI to secure business growth

Amid uncertainties in the global business environment, Samsung is doubling down on what it considers to be a significant driver of future growth. We’ve seen an increasing application of artificial intelligence in its products, from smartphones to even washing machines, and the company has said it will continue to focus on AI to drive growth. […]

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Samsung ranks first in research and innovation in 2024

Clarivate, an analytics company, has revealed the Top 100 Global Innovators 2024 list, ranking the world’s top hundred organizations in the field of research and innovation. According to it, Samsung Electronics is the number one research and innovation company in the world. While that’s a great achievement for the South Korean tech giant, it isn’t […]

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Samsung expects $100 million revenue from chip packaging business

Samsung Electronics held its 55th annual general shareholders meeting today at the Suwon Convention Center in Suwon, Gyeonggi-do, South Korea. The company revealed its strategy for this year and expects revenue of $100 from its chip packaging business. The company’s 55th annual general shareholders meeting was attended by general shareholders, institutional investors, and top-level management […]

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Samsung’s first XR headset could use Sony’s micro-OLED display

In February 2023, Samsung Electronics announced that it was developing an extended reality (XR) headset in collaboration with Google and Qualcomm. Fast forward to January 2024, Samsung Display unveiled its first-ever micro-OLED display (also known as OLED microdisplay and OLEDoS). Since then, everyone has been expecting Samsung Electronics to use this display from Samsung Display […]

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Samsung could get $6 billion grant from the US for chip plants

Samsung Electronics, one of the biggest chip-making firms worldwide, has grand plans to make advanced semiconductor chips in the US. To help with its plans, the US government had announced grants and tax sops. The South Korean firm is now close to getting a huge helping hand from the US government. A $6 billion grant […]

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As times change, Samsung’s executive team gets more youthful

Great companies adapt to changing times. As a conglomerate that’s been around for decades, that’s something Samsung is all too familiar with. The company’s executive team has gradually been incorporating more younger members as the conglomerate seeks to diversify its management team to better respond to current challenges. An analysis based on its current business […]

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Samsung denies using its rival’s tech for advanced memory chips

It was reported yesterday that Samsung will start making advanced high bandwidth memory (HBM) chips, used for various applications including AI, with technology that’s favored by its local rival SK Hynix. The company was reportedly making this switch to increase its yields of HBM chips. SK Hynix has managed to establish a solid footing for […]

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Worker strike looms over Samsung as salary negotiations falter

Samsung Electronics may have to deal with a worker strike if no progress is made on salary negotiations between the company and the labor union. The union is now threatening a strike if Samsung Electronics doesn’t meet their demands. The labor union is asking for a significant salary increase. While Samsung has offered them an […]

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Worker strike looms over Samsung as salary negotiations falter

Samsung Electronics may have to deal with a worker strike if no progress is made on salary negotiations between the company and the labor union. The union is now threatening a strike if Samsung Electronics doesn’t meet their demands. The labor union is asking for a significant salary increase. While Samsung has offered them an […]

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Worker strike looms over Samsung as salary negotiations falter

Samsung Electronics may have to deal with a worker strike if no progress is made on salary negotiations between the company and the labor union. The union is now threatening a strike if Samsung Electronics doesn’t meet their demands. The labor union is asking for a significant salary increase. While Samsung has offered them an […]

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Samsung Bot Fit wearable robot may enter production soon

Samsung might have even bigger plans for the wearable market in 2024 than the Galaxy Ring. The company is supposedly planning to unveil its Apple Vision Pro competitor before the end of 2024, and one new report from Korea even says that the company is already strategizing the production of the Bot Fit wearable robot. […]

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Samsung could link up with another major Korean group on AI

AI is the future and companies across different industries are taking a collaborative approach to utilize this technology for enhancing their offerings. Samsung is significantly invested in AI and is also open to collaborations with other companies. It appears that the company may link up with another major Korean conglomerate on AI. There’s talk of […]

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Samsung is piling up billions in cash to likely make a big acquisition

There has long been speculation about how Samsung would use its more than $60 billion cash reserves. The general perception is that the company would become active in the mergers and acquisitions space to buy some big company. However, Samsung hasn’t made any major acquisitions since it bought Harman for $8 billion back in 2017. […]

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Premium Samsung Store opened in India’s Kolkata

Samsung has opened its Premium Experience Store in the city of Kolkata in India. This is the seventh Premium Experience Store from Samsung to be opened in India. The company announced last year that it wants to open a total of 15 such premium retail stores across India. Samsung has opened a Premium Experience Store […]

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Walmart and Vizio might beat Samsung’s TV business in the USA

Earlier this week, US retail giant Walmart confirmed its plans to buy the smart TV brand Vizio in a deal worth $2.3 billion. Initially, Walmart said this acquisition was part of its strategy to expand its Walmart Connect advertising business, but market watchers say this transaction may have some negative effects on Samsung’s smart TV […]

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Samsung led the tablet market in India in 2023, Apple was 3rd

The tablet market in India experienced several ups and downs in 2023, but by the end of the year, Samsung emerged as the top-selling tablet brand in the country, new data from IDC (via Times of India) shows. Even though Samsung’s tablet business suffered from a 34.7% year-on-year decline in India, the company was reportedly […]

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