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,
Samsung's Galaxy Watch 8 can now measure antioxidant levels in seconds through a five-second thumb scan, offering an easy way to track diet quality and overall health
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Samsung has announced 'Fab Grab Fest' ahead of the festive season in India with discounts of up to 53 per cent on smartphones, and up to 59 per cent on laptops. Here are the details
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South Korean electronics major Samsung is expanding its manufacturing portfolio in India, union minister Ashwini Vaishnaw said on Saturday. Globally, Samsung has its second largest mobile phone manufacturing unit in India and it is the second largest exporter of the handsets from the country after Apple. "Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation. Its research unit in Bharat has more than 7,000 engineers," Vaishnaw said in a social media post. The minister on X posted a photo of his meeting with Samsung Southwest Asia, President and CEO, JB Park and Samsung Southwest Asia, Corporate Vice President, SP Chun. Earlier this year, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh had said the company is preparing for manufacturing laptops in India. The company continues to make all smartphones that it sells in India including latest flagship smartphones Galaxy Z Fold7, priced in
With generative AI, Samsung's upgraded voice assistant Bixby enables conversational, context-aware interactions and transforms smart TVs into smart home hubs
On Saturday, Samsung announced a $16.5 billion chip supply deal with a major global company, without naming the client
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In 2023, the Netherlands-based Permanent Court of Arbitration had directed the South Korean government to pay approximately $100 million in damages to Elliott
Samsung Days Sale is live till July 18, offering up to 65 per cent off on tablets, wearables, and accessories, and up to 41 per cent off on Galaxy smartphones
The disappointing results underscore how South Korea's largest company has ceded leadership in the AI market to SK Hynix Inc. in the post-ChatGPT infrastructure boom
Samsung's 2025 Smart Monitor line-up debuts QD-OLED on the M9 and brings AI enhancements like 4K upscaling, picture optimisation, and smart content search
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