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Here you will find the latest news and most recent developments on the Samsung Electronics, with regular updates and all the information you need.
Last year was bad for Samsung. Its revenue and profit took extreme hits, and the company has been under pressure from competition and the global economic downturn. While its profit increased in the first quarter of this year, Samsung has reportedly switched to a six-day workweek to inject a sense of crisis in its employees. […]
The demand for high-bandwidth memory (HBM) is projected to skyrocket in the coming years as AI matures and the era of general artificial intelligence is ushered in. As one of the world's leading suppliers of memory products, Samsung understandably considers this a lucrative opportunity, and the company has put together a grand plan to establish […]
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 […]
Samsung and Apple inevitably end up being pitted against each other, such is the outsized shadow the two behemoths cast on the global electronics industry. So comments about either company from their executives tend to get noticed, because they give us a peek at their thought processes as they take on these challenges. Samsung has […]
Samsung has always been a huge supporter of athletes and the Olympics. At this year's Olympic games in Paris, the South Korean firm will support 44 athletes (or athletic teams) from Europe, taking the overall figure to 57 worldwide. Samsung has been a Worldwide Olympic Partner since 1998. Samsung will support Team Samsung Galaxy athletes […]
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 […]
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 […]
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 […]
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 […]
I'm a big fan of Samsung using proper nouns to label most of its home electronics. For instance, PC monitors names are no longer just a string of seemingly random letters and numbers. Instead, they belong to lineups named ‘Odyssey' or ‘ViewFinity.' It makes Samsung look better instead of coming across as a company that […]
Samsung has announced the launch of the third edition of the Solve for Tomorrow program in India. The program aims to foster a culture of innovation among students. This year, the program has two tracks: School Track and Youth Track. This program is held in 63 countries globally. Over 2.3 million young people have participated […]
Samsung is now using artificial intelligence (AI) in various ways. The most prominent is Galaxy AI, a suite of AI-based tools and features that debuted with the Galaxy S24 series. But while Galaxy AI is meant to improve productivity and device customization, Samsung has also announced that it has developed Impulse — a new mobile […]
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 […]
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 […]
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 […]