Samsung’s profit rises by 931% in Q1 2024 as chip sales recover

Samsung has been struggling over the past couple of years, especially due to its most important product: memory chips. However, things now seem to be improving financially, as the company has reported a huge rise in its profit. Earlier today, Samsung revealed its earnings guidance for Q1 2024. Samsung’s profit rises 931% on the back […]

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Samsung CEO impressed by Tesla Cybertruck during test drive

Kye Hyun Kyung, President & CEO of Samsung Electronics’ Device Solutions Division, is on a tour of five cities in the United States to meet clients. During his tour, he got a chance to drive the Tesla Cybertruck and he seems pretty impressed with it. In a post on Instagram, Kyung shared a video of […]

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OpenAI CEO Sam Altman visits Samsung’s semiconductor chip plant in Korea

Last week, it was revealed that OpenAI CEO Sam Altman visited South Korea to meet executives from Samsung Electronics and SK Hynix for a possible alliance for AI chips. It has now been revealed that he visited Samsung’s semiconductor chip plant in the country, and it is possible that OpenAI will develop its own chips […]

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Samsung Electronics turns 54 years old, celebrates anniversary in South Korea

Samsung Electronics has turned 54 years old today. Yes, the company is that old. In 1969, Samsung Group (which started in 1938) established Samsung Electric Industries. In 1974, Samsung Group entered the semiconductor business by acquiring Korea Semiconductor, which was the country’s first semiconductor chip company and was struggling. Soon, it joined hands with Korea […]

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Samsung will dive deep into large language models at AI Forum 2023

Samsung has put a date on its AI-centric convention for 2023. Today, the company announced that Samsung AI Forum 2023 – a yearly event hosted by SAIT (Samsung Advanced Institute of Technology) – will be held at the Suwon Convention Center in Gyeonggi-do, Korea, on November 7. This year’s forum will begin with an introduction […]

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Galaxy S23 series outperformed the S22 in the first half of 2023

Samsung Electronics announced its Q2 2023 financial results. The company posted quarterly revenue of 60.01 trillion won ($46.9 billion), a 6% decline from Q1 2023. Samsung increased its operating profit as the Device Solutions (DS) Division minimized its losses and as Samsung Display and the Digital Appliances Business improved profitability. The tech giant posted an […]

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Samsung starts manufacturing UFS 3.1 storage chips for automobiles

Samsung is the world leader in memory chips, and it is often the first to bring new technologies to the market. Today, the South Korean firm has announced that it has started the mass production of UFS 3.1 storage chips for automotive use cases. This chip will be used in in-vehicle infotainment systems. This new […]

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