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Latest Business news
Here you will find the latest news and most recent developments on the Business, with regular updates and all the information you need.
Samsung gets more iPhone 15 OLED orders as Chinese firm BOE fails quality test
Samsung Display has been the OLED display panel supplier for all iPhone models released since the iPhone X, thanks to its superior quality. Apple has been trying to reduce its reliance on Samsung Display for OLED panels over the past few years by bringing in two more panel suppliers—BOE and LG Display—in its supply chain. […]
- By Asif Iqbal Shaik
- 1 week ago
Samsung’s chip revenue improves but still trails behind Intel
A new report on the semiconductor industry's revenue for Q2 2023 brings some good news and some bad news for Samsung. The revenue of Samsung Electronics' semiconductors arm has increased from $8.9 billion in Q1 2023 to $9.4 billion in Q2 2023, a 5.8% quarter-on-quarter improvement. Unfortunately, the South Korean tech giant still stands second, […]
- By Abid Iqbal Shaik
- 1 week ago
Samsung backs Vodafone 5G network in the UK with large-scale open RAN
Vodafone is kicking off its large-scale open RAN deployment in Wales and South-West of England with support from Samsung Networks. Notably, Vodafone will deploy the open RAN (Radio Access Network) across 2,500 sites in the UK region. The program started with the open RAN setup in Devon using Samsung's virtualized RAN (vRAN) software and open […]
- By Sagar Naresh
- 3 weeks ago
Samsung, Apple, and other big tech firms to invest in ARM’s IPO
Samsung and other big tech firms, such as Apple, AMD, NVIDIA, Intel, and Alphabet, are all set to invest in the British chip design firm ARM's IPO. The chip design firm is valued at $50-$55 billion. Notably, ARM is owned by SoftBank, which has a 25% stake in the company. According to Reuters, talks are […]
- By Sagar Naresh
- 3 weeks ago
Sales of Galaxy Z phones have surpassed Galaxy Note series in Europe
After Samsung discontinued the Galaxy Note series, many users (including us) said the company may have shot itself in the foot. However, it turns out that Samsung has been on the correct path all along. The South Korean firm has now announced that annual sales of its foldable smartphones have surpassed sales of the Galaxy […]
- By Asif Iqbal Shaik
- 3 weeks ago
When people see Sam, they want to buy more Galaxy devices
Do you remember Sam? Samsung's virtual influencer whose purpose was unknown until she launched her own blog earlier this year? Only for said blog to lack any content updates post-launch? Well, after a few months of falling off the radar, Sam stepped back into the spotlight. And according to Samsung, the virtual influencer was instrumental […]
- By Mihai Matei
- 4 weeks ago
Samsung wins a record number of product design awards at IDEA 2023
In an official blog, Samsung announced that it has won 50 awards at the world-renowned international design competition ‘IDEA (International Design Excellence Awards) 2023. This is noticeably the highest number of awards ever for a company at IDEA. Samsung grabbed a total of 50 awards, including 1 silver prize, 3 bronze prizes, and 46 prizes […]
- By Sagar Naresh
- 4 weeks ago
Samsung’s ChatGPT-like generative AI is almost ready for demos
As you might recall, Samsung ran into some security breach issues a few months ago due to employees improperly using ChatGPT. Semiconductor employees have entered sensitive code into the ChatGPT global databanks, which meant Samsung had to create new rules to prevent this from happening again. The company denied access to ChatGPT, but to make […]
- By Mihai Matei
- 4 weeks ago
Three Samsung researchers elected as vice-chairs of 3GPP that oversees telecom standards
Samsung has announced that three of its researchers have been elected vice-chairs of the 3GPP (3rd Generation Partnership Project) body. 3GPP is the world's largest telecom standard development organization. Kyeongin Jeong, a researcher from Samsung Research America, is the newly elected face vice-chair for 3GPP's Radio Access Network Working Group 2 (RAN WG2). Jaeyeon Song […]
- By Sagar Naresh
- 4 weeks ago
Samsung’s chip plant in Texas to make 4nm AI chips for Groq
The US-based AI solutions firm Groq has selected Samsung's Taylor fab to manufacture semiconductor chips. Samsung Electronics will be responsible for supplying the next-gen AI semiconductor chips to Groq, which will be designed in partnership with Samsung's Foundry Design Service team and manufactured by Samsung on its SF4X process (4nm). On Sunday, the California-based fabless […]
- By Sagar Naresh
- 1 month ago
Samsung made $2.2 billion from selling a portion of ASML shares
Samsung has reportedly sold a portion of its shares in Dutch semiconductor equipment company ASML, with industry watchers estimating that the Korean company has secured roughly 3 trillion won ($2.24 billion) through this transaction. According to local media citing a Samsung half-year report, the Korean tech giant's stock in ASML decreased from 6.2 million shares […]
- By Mihai Matei
- 1 month ago
Samsung’s foldable phones defeat Honor, Vivo, Xiaomi in China
Over the past few years, Samsung's smartphone market share dropped to almost zero in China. However, the company seems to be doing pretty well in the foldable smartphone market in the country. Over the past year, the company's market share in the foldable smartphone space jumped more than 4x, eclipsing local brands like Honor, Vivo, […]
- By Asif Iqbal Shaik
- 1 month ago
Samsung, Apple, and other chipmakers to invest in Arm
Samsung, Amazon, Apple, Intel, and Nvidia are reportedly lining up to invest in Arm, lining up with earlier reports. Arm is a British firm that designs the blueprint for almost all mobile devices today. Investments from all leading global semiconductor chip giants will result in the long-term financial stability of Arm. Nikkei reports that chip […]
- By Asif Iqbal Shaik
- 1 month ago
Samsung could get a chance to make Snapdragon 8 Gen 4 chips
According to a new report from famous analyst Ming-Chi Kuo, Qualcomm has stopped the development of SoCs that were being designed to be manufactured by Intel Foundry Services (IFS) using the 20A fabrication process. The new development could benefit Samsung Foundry as Qualcomm could now get the Snapdragon 8 Gen 4 manufactured by the South […]
- By Abid Iqbal Shaik
- 1 month ago
Samsung was still world’s biggest memory chip maker despite market slump
Samsung is going through one of its most challenging times. The company's over-reliance on its semiconductor chip business has almost brought it down to its knees in the second quarter of this year. The South Korean firm's memory chip business posted a loss for the first time since its inception. However, it is still the […]
- By Asif Iqbal Shaik
- 2 months ago