Latest Samsung Networks news

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
4 months ago

TELUS partners with Samsung for Canada’s first 5G network with vRAN, Open RAN

Samsung Networks has announced that Canadian network carrier TELUS has partnered with it to build Canada's first 5G network that uses Open RAN (O-RAN) and Virtualized RAN (vRAN) technologies. Samsung Networks is Samsung Electronics' telecommunication and networking arm, and it is among the biggest networking gear providers globally. Samsung Networks is offering vRAN and Open […]

By Asif Iqbal Shaik
5 months ago

Samsung starts testing Open RAN networking for Verizon

Samsung has announced that it has completed the conformance and interoperability of the Open RAN (O-RAN) technology for its LTE and 5G NR telecommunication equipment on Verizon's network. The two companies are embracing openness in networking hardware, thanks to the South Korean firm's vast experience in O-RAN and V-RAN technologies. Samsung tests O-RAN compatibility with […]

By Asif Iqbal Shaik
5 months ago

Samsung’s profit drops 34.4% in Q4 2023 due to slow semiconductor chip sales

After posting its earnings estimates for Q4 2023 a few weeks ago, Samsung has now published its final earnings for the fourth quarter of last year. While the company's condition has improved slightly compared to the earlier quarters, it is far from the glory days that it saw after the COVID-19 pandemic. Samsung's revenue and […]

By Asif Iqbal Shaik
6 months ago

Samsung expects its 2023 profit to drop by 85% compared to last year

Last year was extremely challenging for Samsung, as smartphone and semiconductor chip sales were quite low. Those are the two most important product categories for Samsung. However, the company and even analysts expect this new year to be much better as sales are recovering. Today, Samsung Electronics posted its earnings guidance for the fourth quarter […]

By Asif Iqbal Shaik
7 months ago

Samsung and O2 Telefónica to test 5G vRAN and Open RAN in Germany

Samsung Networks and O2 Telefónica have announced that they will jointly test new 5G network infrastructure technologies, like Open RAN and vRAN, in Germany. These technologies allow network operators to create a more flexible network infrastructure. In such setups, hardware and software are separated, and each component can be virtualized. Samsung Networks will help O2 […]

By Asif Iqbal Shaik
9 months ago

Samsung Electronics turns 54 years old, celebrates anniversary in South Korea

Samsung Electronics has turned 54 years old today. Yes, the company is that old. In 1969, Samsung Group (which started in 1938) established Samsung Electric Industries. In 1974, Samsung Group entered the semiconductor business by acquiring Korea Semiconductor, which was the country's first semiconductor chip company and was struggling. Soon, it joined hands with Korea […]

By Asif Iqbal Shaik
9 months ago

Samsung reports best quarterly profit of 2023, thanks to displays and foldables

Three weeks after revealing its earnings guidance, Samsung Electronics revealed its full earnings data for Q3 2023. The South Korean firm's revenue was KRW 67.4 trillion (around $49.86 billion) during the July-August period, and its operating profit was KRW 2.43 trillion (around $1.79 billion). That's the highest quarterly profit the company achieved this year, and […]

By Asif Iqbal Shaik
9 months ago

Samsung reports low profits for Q3 2023 as semiconductor chip losses narrow

Samsung has been going through tough times due to the downturn of the semiconductor chip segment, leading to huge losses for the company. However, it looks like the company is recovering from that downturn and narrowing losses in its semiconductor chip business. Samsung has reported earnings guidance for Q3 2023, revealing better-than-expected results. Its profits […]

By Asif Iqbal Shaik
10 months ago

Samsung partners with Japanese carrier KDDI for 5G network slicing

Samsung Networks has partnered with Japanese telecom network carrier KDDI to form a 5G Global Network Slicing Alliance. This alliance is aimed at commercializing several 5G network slicing services and creating new business models based on the new networking technology. KDDI and Samsung Networks signed an MoU (Memorandum of Understanding) yesterday after conducting a field […]

By Asif Iqbal Shaik
10 months ago

Samsung and AMD join hands to improve 5G vRAN for network transformation

Samsung has officially announced that it is joining hands with AMD for the 5G vRAN network transformation. This is in line with Samsung's commitment to help cellular network operators build and modernize their mobile networks with optimized performance and flexibility. With AMD on board, operators will have a wider set of choices to build high-capacity, […]

By Sagar Naresh
10 months 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
11 months ago

Samsung’s profit dropped 95% in Q2 2023 as chip woes continue

A few weeks ago, Samsung Electronics estimated its operating profit to drop 95% compared to the previous year, which turned out to be accurate. Today, the South Korean firm announced its quarterly earnings for Q2 2023. The company has struggled for a few quarters due to a slump in the semiconductor chip market. The company's […]

By Asif Iqbal Shaik
1 year ago

Samsung and MediaTek join hands to achieve highest 5G upload speed record

Samsung Networks is among the top global communication equipment providers, and it has been growing briskly. Today, the company announced that it achieved a breakthrough in 5G upload speed performance in collaboration with MediaTek. The two companies completed the testing in Samsung's lab in Suwon, South Korea. The South Korean firm said it achieved record […]

By Asif Iqbal Shaik
1 year ago

Samsung reveals Q2 2023 earnings, profit nosedives to 14-year low

Samsung has been going through some tough times. Over the past year, its semiconductor chip business has seen a massive downturn amid global economic woes. Since most of the company's profits usually come from its semiconductor chips business, it has been hit hard. The South Korean firm unveiled its earnings estimate for Q2 2023, and […]

By Asif Iqbal Shaik
1 year ago

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