Samsung

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

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. However, its revenue from operations rose slightly by 1.2 per cent to Rs 1.12 lakh crore in FY26, according to financial data accessed through the business intelligence platform Tofler. Samsung India Electronics reported revenue from operations of Rs 1,11,183.40 crore on a consolidated basis for FY25, and its profit stood at Rs 11,287.50 crore. Its total consolidated income, which includes other income, was Rs 1,14,738.60 crore (1.14 lakh crore) in FY26. An email sent to Samsung India Electronics seeking comments regarding the filing remained unanswered at the time of the story filing. Part of the South Korean chaebol Samsung Electronics operates in segments such as mobile phones, tablets, televisions, home appliances and computers in the Indian market. Samsung India Electronics gets its major contribu

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

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. However, its revenue from operations rose slightly by 1.2 per cent to Rs 1.12 lakh crore in FY26, according to financial data accessed through the business intelligence platform Tofler. Samsung India Electronics reported revenue from operations of Rs 1,11,183.40 crore on a consolidated basis for FY25, and its profit stood at Rs 11,287.50 crore. Its total consolidated income, which includes other income, was Rs 1,14,738.60 crore (1.14 lakh crore) in FY26. An email sent to Samsung India Electronics seeking comments regarding the filing remained unanswered at the time of the story filing. Samsung India Electronics gets its major contribution in the topline from the mobile phone business. Part of the South Korean chaebol Samsung Electronics operates in segments such as mobile phones, tablets, televisions,

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

India has emerged as one of Samsung's fastest-growing markets for AI-powered home appliances, with the number of newly connected devices in the country rising nine-fold over the past three years, driven largely by younger consumers, the South Korean consumer electronics major said. 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 and Head of Experience Planning and CX Insight Group, DA (Digital Appliances) Business Bona Lee. "As a result, Southwest Asia's share of Samsung connected devices worldwide has grown from 2 per cent in 2022 to 13 per cent in 2026," Lee said, adding that the company has already surpassed last year's numbers in just eight months of the current year. She attributed this fast growth largely to the "younger generation", noting that 71 per cent of active SmartThings users in India and Southwest Asia are in their twenties and thirties, compared with a global average of

Samsung India's public policy chief Rajiv Aggarwal quits after 4 years

The reason for his resignation was not clear

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

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

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.

Samsung studying consumer AI use to shape future smartphone experiences

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 to offer festive discounts despite rising material costs: CEO

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 .

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).

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

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

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

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

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

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

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%

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

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%

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