Tag: samsung
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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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Samsung readies $648 billion bet, report says, as AI boom reshapes South Korea
SEOUL, June 26 : Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor South Korea’s next growth cycle, including a possible 300 trillion won push to build chip factories in the country’s southwest, a media report said.The investment,
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Samsung Group to unveil $648 billion South Korea investments, including for chip plants, report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.The investment, which would include AI data c
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Samsung to announce $648 billion investments in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday. The announcement will be made at a meeting w
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Korean chip shares surge on Micron’s blowout earnings, SK Hynix’s US listing plan
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology’s quarterly results and forecast beat expectations, boosting optimism over AI-driven chip shortages. South Korea’s SK Hynix also said on Wednesday it plans to raise up to $29.4 billion throug
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Samsung Electronics considers share buyback for stock bonuses, details undecided
SEOUL, June 24 : Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026 performance, but that no details including timing or size of the buyback had been decided. The clarification came in a regulatory filing after local media rep
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Samsung Electronics plans $59 billion share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth about 90 trillion won ($58.61 billion) after agreeing to give stock bonuses to employees in recent wage talks, the Yonhap News Agency reported on Wednesday, sending shares of the South Korean chip giant up more than 6 per cent. The me
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