Tag: samsung
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Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
SEOUL: Samsung Electronics said on Thursday (Jul 30) its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.”In H2 2026, the Memory Business expects robust demand centred on servers stemming from continued
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CSOP adopts flexible leverage for Samsung, SK Hynix ETFs amid volatility
HONG KONG, July 28 : Hong Kong’s CSOP Asset Management announced it will adopt a flexible leverage framework for 12 exchange-traded funds (ETFs), including those tracking Samsung Electronics and SK Hynix, after the city’s securities regulator adjusted rules in an effort to smooth market volatility.** Effectiv
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Samsung Elec wins $200 billion Broadcom AI chip partnership, boosting foundry push
SEOUL, July 25 : Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030.Winning long-term production commitments from Broadcom, one of the world’s l
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Samsung, SK Group seal US$950 billion deals with US AI firms to lock in South Korean chip supply
The deals are the latest moves by US AI firms to driving tech companies into closer partnerships with South Korea’s semiconductor and memory leaders.
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Samsung unveils wider foldable phone, hikes prices as chip costs rise
SEOUL, July 22 : Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples with rising memory chip prices while bracing for a new threat from Apple in the niche but growing segment.The South Korean technology company pioneered fo
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Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports
July 22 : South Korea’s Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing sources. Samsung could invest about €1 billion in
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Samsung Electronics shares rise as robotics move highlights push into physical AI
Samsung Electronics shares rose as the company set up a robotics division in a push into physical AI.
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Samsung Electronics creates robotics division as key part of growth strategy
SEOUL, July 21 : Samsung Electronics said on Tuesday it will set up a robotics division reporting directly to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine.The South Korean conglomerate said the RX, or “Robotics eXperience”, division
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Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
NEW YORK, July 20 : Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the country and signaling plans to broaden its offerings in the future.The Samsung Galaxy Card, issued by Barclays and running on Visa’s netwo
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Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
SEOUL, July 19 : Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.The South Korean tech giant said on Sunday in a statement to Reuters that
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