Latest Business news

Samsung goes into emergency mode with 6-day work week

The Samsung Group wants to instill a sense of urgency in its business units as headwinds continue to hamper progress. To that end, it's introducing a 6-day work week for executives at Samsung Electronics. All executives, including those at manufacturing and sales divisions, will now work either on Saturday or Sunday as well after the […]

By Daniel van Dorp
4 days ago

Samsung becomes No. 1 digital signage manufacturer for 15th consecutive year

Samsung has announced that according to a new market analysis by Omdia, the South Korean tech giant was the number one brand for digital signage in the world in 2023, making it the fifteenth consecutive year the company is leading in this space. According to the research firm, Samsung had a market share of 33% […]

By Abid Iqbal Shaik
4 days ago

Samsung aims to ship over 50 million high-end Galaxy phones this year

Samsung has had excellent business in the first quarter of this year. The company's Galaxy S24 series, launched in January, has been very successful. The new smartphone lineup broke several pre-order records in multiple countries. As a result, Samsung has smashed its internal target for manufacturing phones and tablets. Samsung aims to ship 253 million […]

By Asif Iqbal Shaik
6 days ago

Samsung gets $6.4 billion in incentives for its semiconductor chip plant in US

Last month, it was reported that Samsung could get a $6 billion grant from the US government to build advanced chip factories in the US. The US government has now officially announced that it is offering $6.4 billion in grants to Samsung Electronics for its chipmaking investments in Texas. Samsung will invest $44 billion to […]

By Asif Iqbal Shaik
7 days ago

Samsung regains its number one position from Apple in global smartphone sales

Samsung regained its number-one position in the global smartphone market in Q1 2024. The South Korean firm defeated Apple just one quarter after it was pushed down to second, thanks to impressive sales of the Galaxy S24 series, which was launched in January earlier this year. Samsung sold over 60 million smartphones in Q1 2024 […]

By Asif Iqbal Shaik
7 days ago

Samsung leaders avoid risk even as company falls behind its rivals

Decisive leadership is what enabled Samsung to establish its dominance in lucrative industries such as memory chips, displays, and mobile devices. However, it appears that top leaders at the company now prefer to avoid risk, even as mounting business challenges make it fall behind rivals. Samsung faces a challenging business environment in all of its […]

By Adnan Farooqui
7 days ago

Samsung may reveal its $44 billion US chip investment next week

Samsung has invested a lot of money in its US chipmaking facilities. In addition to its existing facility, the company announced a $17 billion project in 2021 for a semiconductor plant in Taylor, Texas that's likely to begin mass production of chips later this year. The US government is focused on pumping up the local […]

By Adnan Farooqui
1 week ago

Samsung’s top acquisitions man returns as big deals expected

Samsung has not participated in the mergers and acquisitions market for more than 7 years, despite having more than $60 billion in cash that it could use to buy new companies. Its absence from this space was also partly due to the legal troubles of heir Lee Jae-yong, who only recently returned to the top […]

By Adnan Farooqui
1 week ago

US trade commission orders Samsung to stop unfair business practices with retailers

The US FTC (Fair Trade Commission) has ordered Samsung to stop unfair business practices in the country. The antitrust regulator said that Samsung can't demand retailers to offer it retail prices for their products. The company reportedly did so for six years before it faced a probe from the agency. It was reported that Samsung […]

By Asif Iqbal Shaik
2 weeks ago

Samsung’s stock expected to soar this year as memory chips recover

The supply glut in the memory chip market has severely impacted Samsung's profitability for the past couple of years, however, it appears that things might finally be turning around for the company. The earnings guidance that Samsung released last week seems to suggest so. No surprise, then, that market analysts are now expecting Samsung's stock […]

By Adnan Farooqui
2 weeks ago

Samsung bags a crucial order from NVIDIA for AI chips

Samsung's looking to increase its revenues and profits from the semiconductor division after a couple of years of downturn caused by the supply glut in the memory market. It's vital that the company win significant orders that help it achieve this objective. Samsung has been focusing on its AI chip solutions to get orders from […]

By Adnan Farooqui
2 weeks ago

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
2 weeks 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
2 weeks 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
2 weeks 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
3 weeks ago

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