WebinarsNew
Deep DiveNew
Explore Business Standard
Samsung
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 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 .
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'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
