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Samsung Electronics
Samsung Electronics has said it will prioritise governance, protect privacy and secure its services to ensure that artificial intelligence (AI) emerges as a 'true companion' of users. The South Korean consumer electronics giant's announcement comes amid a raging debate about consumers' security and privacy in the rapidly evolving AI era. Samsung, which is planning to embed AI in all its products and services starting this year, said its hybrid AI model ensures personal data remains on-device whenever possible, and cloud-based intelligence is used selectively when greater speed or scale is required, giving users flexibility without compromising privacy. Additionally, the company emphasised that trust will grow when AI behaves predictably and securely across devices. Samsung's Shin Baik, the head of its AI Platform Center (APC), highlighted Samsung's open collaboration with industry leaders, such as Google and Microsoft, as a way to strengthen shared security research, interoperabilit
Samsung Electronics has ruled out listing of its India business for now, saying it will instead focus on accelerating artificial intelligence adoption across its products and expanding its consumer finance arm to drive sales in one of the most important growth markets. In an interview with PTI, JB Park, President and CEO of Samsung Southwest Asia, said the South Korean giant is looking to deepen its manufacturing footprint in India and has applied under the production-linked incentive (PLI) scheme for components to manufacture mobile phone displays in India. Samsung runs its largest smartphone manufacturing facility in the world in Noida, which has evolved into a key export hub in recent years. When asked about any possibility of IPO, Park said: "No, we do not have any such plans as of now". While other South Korean peers like Hyundai Motor India and LG Electronics have tapped public markets to raise capital and strengthen their local footprint, Samsung places a preference on inter
Silicon Valley chipmaker Nvidia plans to supply hundreds of thousands of its graphics processing units for projects with South Korean businesses and the government to advance the country's artificial intelligence infrastructure and technologies. The government, Nvidia and leading South Korean chip maker Samsung Electronics announced the plan after South Korean President Lee Jae Myung met Friday with Nvidia's chief executive Jensen Huang. Huang has gotten rockstar treatment reminiscent of Apple's Steve Jobs since arriving in South Korea on Thursday to attend meetings of the Asia-Pacific Economic Cooperation forum in Gyeongju. As the APEC host, South Korea is using the gathering of world leaders to showcase its ambitions in AI. Lee's office said Nvidia will supply around 260,000 GPUs to support South Korea's AI computing capabilities. The company will also work with Samsung and other South Korean technology firms, including SK Hynix and Hyundai, to improve manufacturing processes usi
Samsung Electronics on Thursday reported a 32.5 per cent increase in operating profit for the third quarter, driven by rebounding demand for its computer memory chips, which the company expects will continue to grow on the back of artificial intelligence. The South Korean technology giant set a new high in quarterly revenue, which rose nearly 9 per cent to 86 trillion won (USD 60.4 billion) for the July-September period, fuelled by increased sales of semiconductor products and mobile phones. Samsung, which has dual strength in both components and finished products, said it expects the demand driven by AI to further expand market opportunities in coming months. SK Hynix, another major South Korean chipmaker, also reported a record operating profit of 11.4 trillion won (USD 8 billion) on Wednesday, which it also described as AI-related growth. Samsung's operating profit of 12.2 trillion won (USD 8.6 billion) in the last quarter marked a 160 per cent increase from the previous quarter,