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Samsung Electronics also said on Friday it has bought back shares worth 15 trillion won for employee stock bonuses.
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
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
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
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
The company's net profit for the quarter ended June 30 climbed to 71.27 trillion won ($49.2 billion).
The world's largest memory chipmaker expects supply constraints to worsen through 2027 as demand from data centres drives record semiconductor profits
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
Samsung first introduced foldable phones in 2019, and since then it has launched a new version of foldables every year
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'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
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
Shares of Samsung Biologics declined as much as 3.3% in Seoul on Monday. PolyPeptide shares jumped as much as 5.6%
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 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 and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites
While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.
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
The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange
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