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Here you will find the latest news and most recent developments on the Business, with regular updates and all the information you need.
Samsung is building another chip plant in the US
Samsung Electronics is reportedly doubling its investment in the US to build and package advanced semiconductor chips. According to a report from The Wall Street Journal, Samsung has decided to increase its investment to a whopping $44 billion. That's $22 billion on top of what the company has already invested. Samsung will build a chip […]
- By Asif Iqbal Shaik
- 1 week ago
Samsung puts more workers on mobile OLEDs as China threatens its lead
Samsung Display has long been the leading supplier of mobile OLED panels across the globe. It had managed to build a healthy lead based on its technological advancement, production capabilities, and pricing powers. However, all that has been under threat for a few years from Chinese display manufacturers, most notably BOE. BOE has been gradually […]
- By Adnan Farooqui
- 1 week ago
Samsung’s profit rises by 931% in Q1 2024 as chip sales recover
Samsung has been struggling over the past couple of years, especially due to its most important product: memory chips. However, things now seem to be improving financially, as the company has reported a huge rise in its profit. Earlier today, Samsung revealed its earnings guidance for Q1 2024. Samsung's profit rises 931% on the back […]
- By Asif Iqbal Shaik
- 1 week ago
Samsung puts hundreds more on HBM team for total market dominance
Samsung has been talking a lot about gaining a dominant position in the global high-bandwidth memory market. It's not just all talk, though, the company is also putting its money where its mouth is by continuing to push the envelope on this technology. There seems to be a renewed sense of urgency at Samsung that […]
- By Adnan Farooqui
- 1 week ago
Samsung market cap crosses $370 billion after three years
It's no secret that Samsung Electronics has been having a hard time turning the kind of profits that it has been used to. That's largely been due to the global downturn in the semiconductor industry which hit Samsung's profitability hard. However, amid signs of a recovery in the memory market and the rising demand for […]
- By Adnan Farooqui
- 1 week ago
Samsung jacks up SSD prices amid shortage caused by AI hype
Major tech companies across the globe are jumping on the AI bandwagon, constructing big data centers to keep up with the intensive data processing needs. Consequently, there are signs of a shortage of enterprise NAND SSDs appearing in the supply chain. Having been hurt by a supply glut in the memory market over the past […]
- By Adnan Farooqui
- 2 weeks ago
Samsung Electronics shareholder returns beat Microsoft and Meta
There's been much talk about the shareholder returns generated by Samsung Electronics. Investors aren't too happy with the rate at which returns are being generated for them. They want the company to boost dividends and undertake other measures to increase the share price. Despite a significant downturn in the memory sector, which has long been […]
- By Adnan Farooqui
- 2 weeks ago
Samsung goes greener with shift from diesel to natural gas generators in India
Samsung India has announced that it has replaced ten diesel-based generators with eight natural gas-based generators for back power at the company’s mobile manufacturing plant in Noida. The PNG generators will provide the mobile manufacturing facility as well as Samsung Display’s manufacturing plant, which is located on the same premises, with 20MW of power during […]
- By Abid Iqbal Shaik
- 2 weeks ago
Samsung refuses to supply displays for iPhone SE 4
Apple is developing the iPhone SE (4th generation). According to multiple reports, the brand will equip the upcoming phone with the same display that it used for the iPhone 13. Last month, we learned that three companies, BOE, Samsung Display, and Tianma are in a bid to supply display panels for the iPhone SE 4. […]
- By Abid Iqbal Shaik
- 2 weeks ago
Samsung could be the reason behind next-gen iPad Pro launch delay
It has long been rumored that Apple will use Samsung Display's OLED panels in its next-generation iPad Pro lineup. Those iPads were expected to be launched this month, but that didn't happen, and it was understood that the launch of those iPad Pros has been delayed. It is rumored that Samsung could be the reason […]
- By Asif Iqbal Shaik
- 2 weeks ago
Samsung may be looking to launch a super app for mobile banking
The concept of super apps has been around for a while. The idea is fairly simple, provide users with much of what they want within one single app. China's WeChat is the epitome of a super app. This idea has been executed in different segments and has the most potential for mobile banking. Perhaps that's […]
- By Adnan Farooqui
- 3 weeks ago
Samsung’s first acquisition in 7 years could be of an AC company
Despite having billions of dollars in cash, Samsung hasn't made any acquisitions over the past seven years. Its last major acquisition was that of Harman International. Recent reports have suggested that the company is looking to be more active in the mergers and acquisitions segment now, and it appears Samsung may already have a large.t […]
- By Adnan Farooqui
- 3 weeks ago
Samsung expects 2024 chip revenue returning to 2022 level
A significant decline in chip revenue has hurt Samsung's profits significantly, but the company is now expecting a return to form, on the back of increased demand for memory products for AI applications. The company is now expecting its chip revenue this year to return to the 2022 level, which was before the downturn, and […]
- By Adnan Farooqui
- 3 weeks ago
Samsung Electronics gets $4.3 billion from Samsung Display to fund semiconductor expansion
Samsung Electronics is the leading supplier of memory chips and other semiconductor products. It has been heavily investing in the expansion of its production facilities as demand for memory products, particularly High Bandwidth Memory, is expected to rise in the coming quarters. There are many subsidiaries that operate under Samsung Electronics. Samsung Display is one […]
- By Adnan Farooqui
- 3 weeks ago
Samsung is building its own US factory for electric vehicle batteries
Electric vehicles need batteries and as consumer demand for these vehicles grows, so does the need for carmakers to source a lot more batteries. Samsung SDI has been investing heavily to become one of the leading players in the market, and its latest plans involve setting up its own factory in the United States to […]
- By Adnan Farooqui
- 3 weeks ago
