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What is Samsung?

Samsung

About Samsung

What is Samsung?

Samsung is a South Korean company originally founded as a grocery trading store by Lee Byung-Chull in March 1938. The company forayed in the electronics industry in 1969 and its first electronic product was a black-and-white television. Soon, the company also started exporting its products and became a major electronic manufacturer in its home country. In 1970, the company acquired a 50 per cent stake in Korea Semiconductor.
 
Witnessing a rapid expansion in the early 1980s, the company established separate branches for its various electronics businesses. It is at this time that the company also made investments in two research &
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Latest Updates on Samsung

Samsung Electronics expects shareholder returns up to $80 billion this year

Samsung Electronics also said on Friday it has bought back shares worth 15 trillion won for employee stock bonuses.

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Updated On : 21 Aug 2026 | 9:54 PM IST

Apple, Samsung hold ground as India's phone shipments fall 11.1% in Q2: IDC

Several leading Chinese brands recorded double-digit shipment declines during the quarter as demand shifted towards companies with greater scale and more stable supply chains, noted IDC

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Updated On : 11 Aug 2026 | 11:28 AM IST

Samsung studying consumer AI use to shape future smartphone experiences

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, said an official

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Updated On : 09 Aug 2026 | 11:15 AM IST

Samsung to offer festive discounts despite rising material costs: CEO

Samsung Southwest Asia CEO JB Park said the firm will absorb rising material costs as much as possible and offer interest-free EMIs and festive discounts to keep smartphones affordable in India

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Updated On : 04 Aug 2026 | 3:41 PM IST

Samsung Galaxy Z Fold8 review: A compact foldable phone with wider appeal

The Samsung Galaxy Z Fold8's wider displays make everyday tasks more natural, while strong performance and battery life offset compromises in multimedia viewing and camera versatility

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Updated On : 31 Jul 2026 | 12:41 PM IST

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).

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Updated On : 30 Jul 2026 | 11:47 PM IST

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

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Updated On : 30 Jul 2026 | 10:56 AM IST

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

Operating profit jumps more than 19-fold to a record 89.5 trillion won ($62 billion), driven by strong demand for AI memory chips, even as investor concerns weigh on shares

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Updated On : 30 Jul 2026 | 8:16 AM IST

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

Samsung first introduced foldable phones in 2019, and since then it has launched a new version of foldables every year

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Updated On : 28 Jul 2026 | 3:37 PM IST

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

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Updated On : 23 Jul 2026 | 9:23 AM IST

Samsung widens foldable bet: Is it too little, too late? Analysts weigh in

Samsung's three-model foldable portfolio and wider 4:3 Fold8 strengthen its hold on India's growing market, though analysts differ on whether the move is innovative or defensive

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Updated On : 22 Jul 2026 | 6:40 PM IST

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

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Updated On : 21 Jul 2026 | 11:58 PM IST

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%

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Updated On : 20 Jul 2026 | 11:53 PM IST

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

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Updated On : 19 Jul 2026 | 10:41 PM IST

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%

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Updated On : 07 Jul 2026 | 9:37 PM IST

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

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Updated On : 29 Jun 2026 | 10:49 PM IST

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.

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Updated On : 29 Jun 2026 | 11:22 AM IST

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

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Updated On : 26 Jun 2026 | 11:12 AM IST

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

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Updated On : 23 Jun 2026 | 12:24 PM IST

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

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Updated On : 22 Jun 2026 | 11:52 AM IST