Latest Business news

Samsung aims to sell 10% more Galaxy Z Fold 6, Flip 6

At the Galaxy Unpacked event yesterday, Samsung launched the company’s latest lineup of foldable smartphones, which has two devices, the Galaxy Z Fold 6 and the Galaxy Z Flip 6. At the event, the President of Samsung Electronics, Roh Tae-Moon, was asked about how many units of the two smartphones the company is expecting to […]

By Abid Iqbal Shaik
1 week ago

Samsung claims its 3nm chips have stable performance and yield

Over the past few years, Samsung has struggled to surpass TSMC in the semiconductor chip manufacturing business. While it hoped to one-up its Taiwanese rival with 3nm chips, some reports claimed its yield is far too low. However, the South Korean firm claims there are no issues in its 3nm process. Samsung claims its 3nm […]

By Asif Iqbal Shaik
1 week ago

Samsung’s Vietnam facilities to use more green energy

Sustainability is at the forefront of what Samsung does. The company has made many efforts in recent years to decrease its environmental footprint through a greater share of renewables in its energy mix, the increased use of recycled materials in device manufacturing and packaging as well as efforts to reduce e-waste. Samsung runs energy-intensive factories […]

By Adnan Farooqui
1 week ago

Samsung on alert as major chip rival seeks to poach top talent

SK Hynix got the jump on Samsung in the high-bandwidth memory segment and even as Samsung tries to fight back with its HBM3E products, SK Hynix is going full steam ahead with its plans to further dominate this industry. To that end, the company is going on a hiring spree for 48 new HBM-related positions […]

By Adnan Farooqui
1 week ago

Samsung consolidates various HBM teams into one

For the last couple of years, artificial intelligence or AI has been the buzzword in the technology industry. It gained popularity with the rise of GenAI-powered chatbots, such as Google’s Gemini, Microsoft’s Copilot, and OpenAI’s ChatGPT. In most cases, these chatbots process user requests on cloud-based servers powered by hardware components that specialize in carrying […]

By Abid Iqbal Shaik
1 week ago

Samsung workers continue their strike for second day, demand pay raise

Last month, it was revealed that the Samsung workers' union had decided to go on a three-day strike to demand a pay raise. Yesterday, the workers' union started its strike, and it will continue today, entering its second day. This is the first unionized strike in Samsung's 55-year history. Thousands of Samsung employees are on […]

By Asif Iqbal Shaik
1 week ago

Samsung to make 2nm AI chips for Japanese firm Preferred Networks

Samsung has announced it will make 2nm semiconductor chips for Japanese AI firm Preferred Networks and offer advanced packaging for them. This announcement is in line with an earlier report that claimed the same. Samsung Foundry to make 2nm AI chips for preferred networks Samsung Foundry has finally received the first client for its 2nm […]

By Asif Iqbal Shaik
1 week ago

Samsung’s profit surged 15x in Q2 2024, thanks to the AI boom

Samsung has had a rough couple of years, but the company has emerged with full force to ride the AI boom. The company revealed that it expects its Q2 2024 operating profit to surge 15x, thanks to strong sales of semiconductor chips. These figures are better than market estimates. Samsung's Q2 2024 profit could be […]

By Asif Iqbal Shaik
2 weeks ago

Samsung’s stock sees biggest jump since May on NVIDIA hopes

It was reported earlier this year that Samsung could become the sole supplier of HBM3E memory modules to NVIDIA. Subsequent reports claimed that the modules had failed NVIDIA's quality tests. While the company's CEO Jensen Huang later confirmed that wasn't the case, he did mention that the chips continue to be evaluated. Since then, there […]

By Adnan Farooqui
2 weeks ago

Pixel phones will no longer use processors made by Samsung

Since the launch of the first Pixel phone with a Tensor chip, Google has always got its chip fabricated by Samsung Foundry. However, that will change next year, as Google wants to switch to TSMC for more reliable quality and yield. Information about the Pixel 10 processor has now been revealed. Pixel 10 processor, 3nm […]

By Asif Iqbal Shaik
2 weeks ago

Samsung sets new sales record for its ultra-large TVs

Samsung was the largest TV maker globally in 2023, making it the 18th consecutive year the company has been the largest TV brand around the world. Now, the tech giant has set a new TV sales record in its home country, South Korea. Samsung has announced that the sales of the company’s ultra-large TVs, the […]

By Abid Iqbal Shaik
2 weeks ago

Samsung’s new OLED display to power next-gen iPhone and Pixel

Samsung is not only the world's biggest smartphone brand but also the world's biggest maker of mobile OLED panels. Apple uses Samsung Display's best OLED panels each year in high-end iPhones. And the same is expected to be true for the next-generation iPhone series, the iPhone 16. iPhone 16 and Pixel 9 could use Samsung's […]

By Asif Iqbal Shaik
2 weeks ago

Samsung was the second-biggest tablet brand in the USA

Samsung was the second-biggest tablet brand in the USA, ranking one spot lower than Apple in Q1 2024. While Samsung may not have been able to defeat Apple, the South Korean firm managed to increase its market share by two percentage points, which is a good sign. Samsung was the second-biggest tablet brand in USA […]

By Asif Iqbal Shaik
3 weeks ago

Samsung could supply 5G networking gear to Indian network carrier Vi

Samsung Networks, the telecommunication networking division of Samsung Electronics, is among the world's biggest telecom equipment manufacturers. It has been revealed that Samsung Networks has been in talks with Indian network carrier Vi (Vodafone Idea) to supply 4G and 5G networking gear. Vi (Vodafone Idea) in talks with Samsung Networks for 4G and 5G vRAN […]

By Asif Iqbal Shaik
3 weeks ago

Samsung taking a $3.6 billion loan to build more chip factories

Samsung is investing heavily in chip factories at home in South Korea and overseas as it looks to better compete against its rivals in the segment. The company is funding many of these endeavors from its own deep pockets and is also capitalizing on loans, incentives, and grants being offered by various governments to build […]

By Adnan Farooqui
3 weeks ago

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