Page 3 - Samsung Electronics

Samsung warns of slow AI chip sales in Q1, hurt by US curbs on China

Samsung, which started sales of 8-layer and 12-layer HBM3E products in the third quarter, said it planned to launch the improved HBM3E products in March

Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

Consumer electronics major Samsung expects its appliances and display business to scale up substantially in India, contributing to half of the topline in the next three years, J B Park, President & CEO of Southwest Asia has said. The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol, however, it is expected to scale up, helped by factors such as the rise of the Indian economy and middle class. Samsung is aggressively expanding its play into the consumer electronics segment by democratising the latest features such as AI in the appliances and display segment (QLED and OLED TVs), which is helping it to gain significant market share in the premium segment. "The consumer electronic penetration in the Indian market is still very low. I think consumer electronics will have much bigger growth, which will increase our revenue portion of the category against mobile phones," said Park. However, penetration of India's ...

Samsung Q4 earnings likely to be hit by Nvidia AI chip supply delay

A slew of analysts have cut their earnings estimates in recent weeks, with some expecting operating profit to fall below 8 trillion won

CES 2025: Samsung unveils AI-powered Neo QLED TVs, The Frame Pro, and more

Samsung's home robot concept Ballie has also made a comeback at CES 2025, with a built-in projector capable of displaying information and content on various surfaces

CES 2025: Samsung brings on-device AI features to TVs with 'Vision AI'

Samsung has collaborated with Microsoft and Google to bring new features to its range of entertainment devices, including TVs, speakers and soundbars

Tech wrap Jan 3: Samsung OLED monitors, Huawei Watch GT 5 Pro, OPPO Reno 13

Samsung unveils new OLED monitors ahead of CES. Huawei Watch GT 5 Pro launched. OPPO Reno 13 series new AI features. Apple Vintage products. OnePlus 13 series

CES 2025: Samsung unveils OLED monitors for gaming, content creation, more

Samsung's new Odyssey-series gaming monitors include a 4K OLED monitor with a 240Hz refresh rate and a QHD OLED monitor with a 500Hz refresh rate

Samsung unveils new durable Sonic the Hedgehog-themed microSD cards

The new Sonic-inspired microSD cards are available in four distinct variants, each representing an iconic character from the Sonic the Hedgehog series

Samsung Electronics appoints new chip business heads, CFO in reshuffle

Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said

Samsung Electronics shares hit 4-year low on Trump risks, AI chips

The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year

Samsung Electronics India posts 4% revenue rise to Rs 102,626 crore in FY24

Its revenue from the telephone sets, hand held devices segment was at Rs 71,283 crore. Hand held phones contributed 71.61 per cent to total revenues

Samsung's profit rises beating estimates after broader biz offsets AI gloom

Samsung has lost about a quarter of its value this year, as the once-dominant memory chipmaker struggled to get its latest chips certified by Nvidia Corp. for use in AI accelerators

Samsung Electronics' workers in TN to resume work from Thursday: CITU

Workers at the Samsung India Electronics Ltd, who ended their strike demanding better pay and working conditions, would resume work from tomorrow, the Centre of Indian Trade Unions (CITU) said on Wednesday. The CITU has been spearheading the protest by the employees since September 9, pressing for various demands including pay revision, and recognition of the newly formed Samsung India Workers Union backed by it. The announcement of the decision to resume work, comes a day after the Tamil Nadu government said that the 37 day strike was called off following discussions held between the representatives of the workers and the company's management. A general body meeting of the CITU was held on Wednesday near the factory in Sriperumbudur, which was attended by the agitating workers, sources said. "Strike has been called off. The employees will work from tomorrow (Oct 17)," CITU State President A Sounderarajan told PTI after emerging from the meeting. He also clarified that as per the

TN govt urges workers to resume work as Samsung accepts most of the demands

The Tamil Nadu government on Wednesday said Samsung India Electronics has accepted most of the demands of workers, who commenced strike on September 9, and reiterated its request that employees resume work immediately. In a related development, on Tuesday night, some participants/those related to the strike were arrested by police and were later released 'on their own bond' by a magistrate. A key demand of the Samsung workers, registration of their union, backed by the CPI(M) affiliated Centre of Indian Trade Unions (CITU), is, however, yet to be accepted by the authorities. Deputy Chief Minister Udhayanidhi Stalin said Samsung, a multinational, has its own rules. The only bone of contention is registration of the workers union. "Samsung says that they will not accept a Union which has a political affiliation. This is their stand. Currently, discussions are going on," he told reporters. According to Finance Minister Thangam Thennarasu, the matter is in the court right now in view o

Samsung India workers reject settlement offer, strike enters second month

Samsung this week made a proposal to provide a monthly incentive of Rs 5,000 ($60) until March, more air conditioned buses, a diversified cafeteria menu and a gift card of $24 in case of a child birth

Samsung apologises for disappointing profit as it struggles in AI chips

Samsung's late response to the AI chip market increases its reliance on traditional, lower-margin chips, making it more vulnerable to competition from China and slowing demand for smartphones and PCs

Samsung set to report four-fold jump in profit, recovery pace slows in Q3

The South Korean company has been scrambling to catch up with smaller rivals SK Hynix and Micron

28 days on, no end in sight to strike at Samsung's Sriperumbudur plant

Sources aware of the talks among the state government, employees, and the company blame Citu, which is leading the protests, for the impasse

Chennai police detains 900 workers, union members as Samsung strikes go on

More than 1,000 workers have disrupted production and protested close to the factory since September 9