Tag: $Samsung

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.