Tag: samsung
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Samsung Electronics to advance start of chip factory in Yongin to 2029
SEOUL, July 13 : Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and…
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Samsung Electronics to move up start of chip factory in Yongin to 2029, source says
SEOUL, July 13 : Samsung Electronics aims to bring forward operation of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as the chipmaker seeks to keep up with surging demand for memory chips used in AI infrastructure, a source told Reuters on Monday.Samsung did not imm
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Samsung Electronics sees record preliminary 2Q profit but shares fall
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuThe Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.Joan Cros
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Samsung forecasts record quarterly profit, beating estimates on AI memory demand
SEOUL: Samsung Electronics on Tuesday (Jul 7) forecast a 19-fold jump in second-quarter operating profit from a year earlier, its third consecutive quarter of record operating profit, as artificial intelligence-driven demand continued to boost memory chip prices.The world’s largest memory chipmaker estimated
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AI chip boom lifts Samsung profits by 1,800%
It comes as demand for semiconductors continues to outstrip supplies, which has pushed up prices.
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Samsung estimates 19-fold rise in Q2 operating profit, beating expectations
SEOUL, July 7 : Samsung Electronics on Tuesday forecast a 1,810 per cent jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices. The world’s largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 billion), comp
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Samsung likely to post 18-fold jump in profit on surging AI demand for memory
SEOUL, July 6 : Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher. On Tuesday, the world’s largest memory chipmaker by sales is
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Samsung Group details plans to invest $90 billion in South Korea’s central region
SEOUL, July 2 : Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central province of Chungcheong.• Samsung Display to spend 67 trillion won in Asan and Cheonan, while Samsung Electronics to invest 5
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Swatch seeks $170 million in damages from Samsung over trademark infringement
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages from Samsung in what it says is the largest-ever trademark case of its kind in the UK, accusing the South Korean electronics group of allowing digital replicas of Swatch timepieces on its smartwatches, court documents show.A ruling on damage
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Swatch claiming $170 million in damages against Samsung over trademark infringement, FT reports
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday citing court documents.A British judge is expected to
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