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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 hikes Galaxy S26 series prices by up to 17% ahead of festive season

Korean electronics major Samsung has increased the price of its flagship Galaxy S26 series by up to 17 per cent, industry sources tracking the mobile phone segment said.

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Updated On : 28 Sep 2026 | 6:58 PM IST

LG, Samsung face India tariff evasion investigation over OLED TV parts

Indian officials alleged the companies wrongly claimed a concessional 5% tariff on imported OLED glass screens called open cells, arguing the rate has for years been reserved for the older LCD, LEDs

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Updated On : 23 Sep 2026 | 4:05 PM IST

Samsung India profit falls 36% to ₹7,228 crore; mobile revenue declines

Samsung India Electronics profit declined 36 per cent to Rs 7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing by the consumer electronics major.

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Updated On : 22 Sep 2026 | 10:32 PM IST

Samsung India profit falls 36% to ₹7,228 crore in FY26, revenue up 1.2%

Samsung India Electronics reported revenue from operations of ₹1,11,183.40 crore on a consolidated basis for FY25, and its profit stood at ₹11,287.50 crore

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Updated On : 22 Sep 2026 | 3:42 PM IST

India emerges as one of Samsung's fastest-growing markets for AI appliances

The number of newly connected Samsung appliances in India grew from 82,000 in 2022 to 7,32,000 last year, said Samsung Electronics Vice President

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Updated On : 20 Sep 2026 | 1:29 PM IST
Updated On : 15 Sep 2026 | 12:47 PM IST

Samsung buyback highlights South Korea's 45% preferred stock discount

More than 100 South Korean companies, including Hyundai Motor Co. and LG Chem Ltd., have issued preferred shares, raising capital without diluting founding families' voting power

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Updated On : 08 Sep 2026 | 8:39 AM IST

TCL sues Samsung for false advertising over 'Mini LED' televisions

The lawsuit, filed on Monday, alleges Samsung falsely marketed its M Model televisions as featuring the technology, which is designed to improve picture quality

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Updated On : 02 Sep 2026 | 11:54 AM IST

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