Tag: $Samsung

Samsung Electronics forecast limited earnings growth in the current quarter after better-than-expected net profit for the fourth quarter, as profitability at its core semiconductor business continued to weaken.

Samsung Electronics estimated operating profit more than doubled in the fourth quarter from the previous year, but its numbers on Wednesday fell far short of analyst expectations, fuelling concerns about the South Korean company’s continuing technological weakness.

Shares in Samsung Electronics the world’s top memory chip maker, fell on Wednesday to their lowest level in more than four years amid worries about the impact of U.S. tariffs under a new Donald Trump administration, analysts said.

Chip giants Samsung Electronics an Semiconductor Manufacturing Co. are considering building megafactories in the Middle East, in a move that could transform the chip industry in the coming years.

More than 6,500 workers at Samsung Electronics have followed up the first ever walkout at the South Korean tech giant with a full-blown strike over pay and conditions.

The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday.

Samsung Electronics on Tuesday said it expects to post a 35% drop in operating profit in the fourth quarter of 2023.

ASML and Samsung Electronics agreed to jointly invest 1 trillion won to build a plant in South Korea to develop high-tech semiconductor processing technology for cutting-edge chips.

The company expects revenue will come in at approximately 67 trillion South Korean won ($50.02 billion) for the third quarter, while operating profit will stand at about 2.4 trillion won.

Apple (AAPL.O) and Samsung Electronics (005930.KS) will invest in SoftBank Group (9984.T)-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday.

Samsung Electronics said it expects a 96% profit plunge in the second quarter of 2023 as weak demand for memory chips persists.

Samsung Electronics on Wednesday laid out its roadmap to expand its chip manufacturing business, including leading-edge semiconductors, as it looks to catch up with leader TSMC.

Consumer tech giant Samsung is looking into launching a central bank digital currency in a collaboration with the Bank of Korea.