Samsung

Samsung studying consumer AI use to shape future smartphone experiences

Samsung Electronics is closely tracking how consumers are adopting and using artificial intelligence (AI) in their everyday lives, with the company relying on feedback from local markets to shape future AI experiences, a top Samsung official said. Samsung Electronics Corporate EVP, Head of Customer Experience Office, MX Division, Jay Kim said Samsung's goal is to make AI work seamlessly in the background, enabling users to complete tasks effortlessly without having to think about the underlying technology. "We are now focusing on how consumers are adopting AI, reacting to it, and using it. We are getting a lot of feedback from local markets, and we will gradually apply the learnings. I would say that we are in an early stage in terms of understanding how AI actually helps consumers' lives every day," Kim said. South Korean electronics company Samsung first launched Galaxy AI on the Galaxy S24 device in 2024 and had focused it on three principles -- meaningful features, ease of acces

Samsung to offer festive discounts despite rising material costs: CEO

Samsung will offer affordable purchase options, including interest-free EMIs and festive discounts, as it looks to shield customers in India by absorbing the rising material costs "as much as possible", Samsung Southwest Asia CEO and President, JB Park has said. Park said rising material costs have led to a 15 per cent degrowth in the Indian market in the first half of this year, and the second half is expected to be challenging with the memory chip crunch getting "severe". "However, Samsung will try to absorb as much as possible, giving the best value of the product. During the coming festive season, we will try to provide affordable solutions to customers, whether it's interest-free EMI or a festive discount. We are focused on offering as much support as we can to consumers in India," Park said at a roundtable with Indian journalists in London. The shortage of memory chips is due to constrained production capacity and increased demand amid the AI boom. Also, geopolitical factors .

Samsung chip profit jumps 250-fold, signs long-term AI supply deals

The company's net profit for the quarter ended June 30 climbed to 71.27 trillion won ($49.2 billion).

Samsung sees chip shortage extending to 2028, signs long-term supply deals

The world's largest memory chipmaker expects supply constraints to worsen through 2027 as demand from data centres drives record semiconductor profits

Samsung posts record Q2 profit as chip giants benefit from global AI boom

South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won (USD 62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as the world's two largest memory chipmakers continue to ride the global artificial intelligence boom. Despite their soaring profits, the companies' shares have fallen sharply this week in South Korea's volatile stock market, where retail investors often drive sharp swings in share prices, as concerns grow over their plans to spend massively on increasing manufacturing capacity and the prospects of intensifying competition from China. Samsung's second-quarter operating profit was a more than 19-fold increase from a year earlier, and nearly all of it came from its semiconductor business, which benefited from rising chip prices driven by demand for AI servers and increased shipments of advanced high-bandwidth memory chips used to power AI applications. That ..

Samsung foldables now account for over 20% of flagship sales in India

Samsung's foldable smartphones now account for more than a fifth of its flagship sales in India, and it expects the adoption to accelerate as consumers shift to new mobile designs and layouts, the company's Southwest Asia CEO and President J B Park said. Samsung first introduced foldable phones in 2019, and since then it has launched a new version of foldables every year. Last week, the South Korean technology giant announced the launch of its 8th generation of foldables -- Galaxy Z8 -- which are made in India. "When we first introduced the foldables in 2019, they were not even known to the consumers. Even my neighbours were surprised that our phone could fold and asked - Is this real? Since then, we have come a long way. Today, more than 20 per cent of our flagship sales are from foldables. And year by year, it (foldable sales) is growing. "Based on whatever the experience or the requirements are for the consumer, that's where we are focussing. I expect there will be an expansion i

Samsung's $400K bonus sparks wave of labour demands across South Korea

After Samsung agreed to hefty employee bonuses, labour unions at Hyundai, Kakao, Naver and other major South Korean companies are stepping up demands for higher profit-linked payouts

Samsung debuts AI-powered health assistant, joining packed market

Samsung Health Assistant pulls in data from the user's Galaxy smartphone, smartwatch or smart ring. Samsung also announced a series of other features coming to its health platform

Samsung Biologics to acquire PolyPeptide in $1.8 billion deal

Shares of Samsung Biologics declined as much as 3.3% in Seoul on Monday. PolyPeptide shares jumped as much as 5.6%

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

Samsung posts 19-fold jump in profit, but AI demand concerns hit shares

Samsung shares nevertheless dropped as ​much as 7.9% in morning trade, while rival SK Hynix's shares ​fell as much as 7.3%, dragging the benchmark KOSPI down 6%

Samsung, SK Hynix back South Korea's $576 billion AI-chip investment plan

Samsung and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites

Hynix, Samsung: Why is Chris Wood betting big on these South Korean companies?

While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.

Samsung to unveil $648 bn investment plan as AI boom reshapes South Korea

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office

South Korea's biggest stock market crash in years: What went wrong?

South Korea’s stock market suffered a sharp sell-off as the KOSPI plunged 10%, triggering a trading halt. AI-driven giants Samsung and SK Hynix, which had powered a spectacular rally, led the decline

South Korean stocks tumble 10% from record, triggering trading halt

The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange

SK Hynix overtakes Samsung to become South Korea's most valuable company

Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won

Samsung debuts Micro RGB TVs in India, launches 72 models across lineup

Samsung's new 2026 AI TV lineup introduces Micro RGB technology in India alongside updated OLED, Neo QLED, The Frame, Mini LED, and UHD televisions across multiple screen sizes

Memory chip frenzy sends SK Hynix, Micron into $1 trn club for first time

SK Hynix rose as much as 11 per cent in South Korea on Wednesday, taking its 12-month gain to more than 1,000 per cent and becoming the third Asian company to join the $1 trillion club

Microsoft to end Samsung Gallery app's direct sync with OneDrive in Sept

Samsung smartphone users will soon lose Samsung Gallery's built-in OneDrive syncing feature, as Microsoft is set to move future cloud backups entirely to the standalone OneDrive app