Samsung’s profit drops 34.4% in Q4 2023 due to slow semiconductor chip sales

After posting its earnings estimates for Q4 2023 a few weeks ago, Samsung has now published its final earnings for the fourth quarter of last year. While the company’s condition has improved slightly compared to the earlier quarters, it is far from the glory days that it saw after the COVID-19 pandemic. Samsung’s revenue and […]

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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 is no longer the world’s biggest semiconductor chip maker

Samsung is no longer the world’s biggest semiconductor chip firm. According to the latest figures from Counterpoint Research, Samsung Electronics’ revenue from its semiconductor chip division dropped from $70.2 billion in 2022 to $43.4 billion in 2023. That’s a massive 38% drop year-on-year due to the market slump for memory chips and Samsung’s inability to […]

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Samsung opens semiconductor memory chip research lab in the USA

Samsung, the world’s biggest memory chip maker, has opened a new semiconductor chip research lab in Silicon Valley, USA. This research lab comes under the DSA (Device Solutions America) arm of Samsung Electronics, and it will focus on developing the next-generation 3D DRAM technology, as per several reports. Samsung is developing 3D DRAM technology that […]

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OpenAI CEO Sam Altman to meet Samsung to make AI semiconductor chips

ChatGPT has been on everyone’s minds over the past year. It is a new-generation AI-based chatbot that can offer more detailed answers and can keep up with the conversation with the user. It was developed by the US-based firm OpenAI, and it is the most important company in the AI segment in the world right […]

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Ex-Samsung department head indicted for leaking chip tech to Chinese firm

According to the latest reports, an ex-Samsung employee was issued an arrest warrant because he was accused of leaking chip technology of the South Korean giant to a Chinese company in return for some money. As per Yonhap News Agency, the Seoul Central District Prosecutors Office indicted the employee surnamed Kim, who previously served as […]

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Samsung wants to make $8.8 billion profit from chips in 2024

The semiconductor division has long been one of Samsung’s most profitable business units. It’s been having a tough time of it recently, with the division reportedly losing $10 billion in 2023. Samsung is looking to turn these fortunes around in spectacular fashion in 2024. The company is reportedly looking to earn 11.5 trillion won or […]

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Samsung delays production of semiconductor chips at its Texas chip plant

Samsung has delayed the mass production of semiconductor chips at its chip plant situated in Taylor, Texas, USA. The mass production of chips at this $17 billion plant was set to begin in the second half of 2024, but it is now set to begin in 2025, which is a delay of at least half […]

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NVIDIA is the most profitable semiconductor chip brand in the world due to the rise in demand for AI GPUs, with Meta and Microsoft as its A-list clients

What you need to know NVIDIA’s revenue for Q3 2023 currently stands at $18.12 billion, with profits at $10.42 billion, which makes it the most profitable semiconductor chip brand ahead of Intel and Samsung. This translates to a 206% year-over-year increase due to the high demand for AI chips. Microsoft and Meta are its biggest […]

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Samsung planning to expand its semiconductor chip factory in Taylor, USA

Samsung plans to expand its semiconductor chip factory in Taylor, Texas, USA. The South Korean firm recently grabbed a deal to supply advanced AI processing chips for a fabless semiconductor chip firm, and this chip plant expansion could be the result of the contract. The company wants to expand its chip production capacity. According to […]

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Samsung reports low profits for Q3 2023 as semiconductor chip losses narrow

Samsung has been going through tough times due to the downturn of the semiconductor chip segment, leading to huge losses for the company. However, it looks like the company is recovering from that downturn and narrowing losses in its semiconductor chip business. Samsung has reported earnings guidance for Q3 2023, revealing better-than-expected results. Its profits […]

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Samsung to continue production cuts to narrow chip losses

According to the latest report, Samsung is all set to continue with its production cuts to narrow down chip losses in Q3 2023. The world’s largest chip maker started slashing its chip production earlier this year in the same move as its peers, SK Hynix Inc. and Micron Technology, to overcome the supply shortage. Analyst […]

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Micron starts building semiconductor plant in India

Micron laid the foundation for a new semiconductor plant in India, which will cost the company $2.75 billion (INR 22,500 crore). The investment will be for a chip assembly and test facility and will be in Sanand, Gujarat. The complex is being built by Tata Projects. The facility will focus on transforming wafers into Ball […]

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Intel’s $5.4 billion purchase of Tower Semiconductor is supposed to go through today, but will China block it?

What you need to know Intel announced an agreement to purchase Tower Semiconductor for $5.4 billion in February 2022. Tower produces semiconductors and would help Intel’s IDM 2.0 efforts compete with large players in the industry. The deal was expected to close 12 months after its announcement, but it has been pushed back twice due […]

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EU approves Chips Act aiming to double semiconductor market share by 2030

The Council of the European Union approved a regulation to strengthen Europe’s presence in the world of semiconductors, better known as “Chips Act”. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain crisis. Why […]

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Samsung Semiconductor India Research (SSIR) has 1,100 patents to its credit

According to the latest statement by Samsung India’s senior executive, SSIR (Samsung Semiconductor India Research), which is the research arm of the South Korean firm, has over 1,100 patents to its credit. This number of patents at SSIR is all thanks to the 4,000 engineers working from the Bengaluru R&D center on some key technologies […]

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Samsung wants the US to keep allowing chip exports to China

The United States has made it very difficult for chip companies to export products manufactured with US technology to China. This is a result of the sanctions that the US has imposed on China. However, the country did grant exemptions to certain chip manufacturers in South Korea, including Samsung Electronics. South Korean semiconductor companies, including […]

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Samsung engineer caught leaking core semiconductor technologies

While some company leaks appear to be accidental or at least unintentional, others are deliberate. A few weeks ago, following a few ChatGPT-related leaks, Samsung made a new rule to prevent employees from using the generative AI, as sensitive data entered into its database becomes public knowledge. Now, however, the company experienced another technology leak. […]

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The US CHIPS Act could benefit Samsung’s semiconductor situation

Last month, we reported how Samsung is looking for a way around the restrictions imposed by the US on China. Besides Samsung, SK Hynix, another major semiconductor player from South Korea, is also weighing its options between the US and China amidst the dispute. The latest report by Taiwanese market research firm TrendForce suggests that […]

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Samsung could set up its first semiconductor chip test line in Japan

New developments indicate that Samsung is planning to set up its first semiconductor chip test line in Japan. Sources close to the matter said that Samsung will use this chip test line to bolster its advanced packaging business and deepen ties with Japanese semiconductor equipment and materials manufacturers. This move will also help diversify its […]

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