Latest Samsung Electronics news

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’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

Samsung has done a lot of things for sustainability in 2023

Samsung published its 2024 Sustainability Report earlier today, detailing all its recent efforts on the path to reaching net zero Scope 1 and 2 emissions by 2050, diversifying its workforce, and increasing device security. It's been nearly two years since September 2022, when the company revealed its New Environmental Strategy and plans to achieve net […]

By Mihai Matei
3 weeks ago

Samsung’s memory chips are taking a ride on a rocket to space

You can find Samsung's memory chips in everything from your smartphones to computers, servers, tablets, cars, and more. Soon, you'll find them in space as well. Samsung's memory chips are hitching a ride on a rocket that's headed to space. Samsung is working with Nara Space Technology, a Korean micro-satellite startup, on this. The reason […]

By Adnan Farooqui
3 weeks ago

iPhone and iPad users can now enjoy AirPlay on Samsung hotel TVs

We rarely see Samsung excited about promoting an Apple feature, but believe it or not, the worlds of Samsung and Apple sometimes collide to the benefit of the users. This kind of rare event was exemplified perfectly by a recent development in Samsung Electronics' range of Hospitality TVs. First, what are Samsung Hospitality TVs? In […]

By Mihai Matei
3 weeks ago

Samsung Repair Bus will cover almost all of Germany by end of 2025

Samsung's Repair Bus service is coming to more regions across Germany. The company has partnered with Likewize to expand the Repair Bus's area of operation and has big plans to cover almost every city by the end of 2025. If you don't know, Samsung Repair Buses are mobile workshops fully equipped with the necessary tools […]

By Mihai Matei
3 weeks ago

Samsung to improve some of its best products for more profits

This is business 101, keep improving your products to achieve customer satisfaction which in turns drives higher profits. Samsung Electronics has decided to double down on this basic tenet of business by revamping some of its best products. Samsung has long been a leader in home appliances not just in crucial markets like the United […]

By Adnan Farooqui
4 weeks ago

Samsung to make large-scale investments in GPUs, possibly for AI infrastructure

It was reported that Samsung signed off on GPU investment during its board meeting. While the specifics aren't out yet, this investment could be large-scale, and the South Korean firm might be preparing to upgrade its internal AI processing infrastructure with the investment. Samsung reportedly decided to invest in GPUs, which could be for AI […]

By Asif Iqbal Shaik
1 month ago

Samsung’s new era of experimentation is missing foldable tablets

It's been five years since Samsung announced and released the original Galaxy Fold. A year later, in 2020, Samsung welcomed the Galaxy Z Flip 5G to the family, and no other form factors have joined the tech giant's foldable device portfolio since. It might be time for a change. From the very first early demos […]

By Mihai Matei
1 month ago

Samsung boss meets Amazon, Meta, and Qualcomm CEOs to discuss future strategies

We recently reported that Samsung boss Lee Jae-yong traveled to the US on a business trip. He planned to meet the company's important partners and discuss future strategies. After meeting Verizon CEO last week, Lee met the CEOs of tech giants Amazon, Meta, and Qualcomm this week and sought increased cooperation. Samsung boss Lee Jae-yong […]

By Asif Iqbal Shaik
1 month ago

Samsung reportedly hiring ex-Apple Siri lead to head its new AI division

While Samsung introduced several new AI-powered features with the Galaxy S24 earlier this year, its AI-powered digital voice assistant, Bixby, hasn't received much attention. A new report claims that Samsung is hiring an ex-Apple employee in charge of Siri's contextual and conversational awareness to lead a new AI team. Ex-Apple Siri lead to reportedly lead […]

By Asif Iqbal Shaik
1 month ago

Samsung unveils its first-ever Color E-Paper display

At the ongoing Infocomm 2024 expo in Las Vegas, USA, Samsung unveiled its Color E-Paper TV for the first time ever. It is a working prototype that uses a color e-ink display panel and can be used for advertising. It can be used in places like malls, offices, public places, restaurants, retail stores, and various […]

By Asif Iqbal Shaik
1 month ago

Young people in South Korea hold over $1 billion in Samsung stock

Foreign investors may be dumping Samsung Electronics stock worth billions of dollars, but there's one demographic that appears to be convinced of the company's future potential. The latest data from South Korea shows that young people in particular are fond of the company's stock. They hold more than $1 billion in Samsung Electronics stock, and […]

By Adnan Farooqui
1 month ago

Samsung executives buy nearly a million dollars of stock to support prices

The share price of Samsung Electronics has been stagnant for some time now. Investors have repeatedly called on the company to improve shareholder returns, and while Samsung has made some efforts, they haven't been enough. Foreign investors have already dumped billions of dollars worth of Samsung shares. One of the ways companies can support their […]

By Adnan Farooqui
1 month ago

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