Samsung Said to Hike Chip Manufacturing Prices by Up to 20 Percent

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20 percent this year, Bloomberg reported on Friday. The move, expected to be applied from the second half of this year, is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg […]

Samsung Likely to Report Highest Q1 Profit Since 2018 on Chips

Samsung Electronics is likely to post its highest first-quarter profit since 2018, analysts’ estimates showed, driven by brisk profits on memory chips as solid demand helped to keep prices firmer than expected. Operating profit for the world’s biggest smartphone and memory chip maker likely hit KRW 13.3 trillion (roughly Rs. 82,750 crore) in the quarter ended in […]

How Powerful Tech Giants Are Sanctioning Russia Like Nations

The world’s five leading tech companies – Google (now Alphabet), Apple, Facebook (now Meta), Amazon and Microsoft – have taken steps to impose significant and (mainly) voluntary sanctions on Russia, in response to its invasion of Ukraine. But the decisions didn’t come unprompted. Ukraine has lobbied the major tech companies in the same way it […]

CES 2022: Samsung, SK Group Officials Test Positive for COVID-19

More than 30 officials from major South Korean companies who attended the giant CES tech trade show in Las Vegas last week tested positive for COVID-19 while in the United States, industry sources and one company said on Wednesday. About 20 officials from Samsung Electronics and about six at SK Group, parent of energy firm […]

Samsung to Merge Mobile and Consumer Electronics Divisions: Here’s Why

Samsung Electronics said on Tuesday it will merge its mobile and consumer electronics divisions and named new co-CEOs in its biggest reshuffle since 2017 to simplify its structure and focus on growing its logic chip business. The sweeping move is the latest sign of centralised change at the world’s largest memory chip and smartphone maker, after […]

Samsung Planning $17 Billion Chip-Making Plant in US

Samsung Electronics is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials. The tech giant is seeking combined tax abatements of $805.5 million over 20 years from Travis County and the city […]

Samsung Electronics Chairman Lee Kun-hee Dies at 78

Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said. Under Lee’s leadership, Samsung rose to become the world’s largest producer of smartphones and memory chips, and the firm’s overall turnover today is equivalent to a fifth of […]

Samsung Flags Q2 Profit Jump on Solid Chip Demand, One-Off Gains From Apple

Samsung Electronics flagged a 23 percent rise in second-quarter operating profit on Tuesday, beating analysts’ estimates on solid chip sales to data centres catering for a work-from-home economy during the coronavirus pandemic. The sales offset weak demand for smartphones and TVs, while one-off gains from its display business, which counts Apple as a customer, also […]

Samsung to Relocate China Display Production to Vietnam: State Media

Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, state media said on Friday. Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion (roughly Rs. 1.29 lakh crores). “Samsung sees Vietnam as an important gateway to other Southeast […]

Vietnam Orders Quarantine for Workers at Samsung Unit After COVID-19 Case

Authorities in northern Vietnam have ordered people working at a unit of Samsung Display in the country to be quarantined after a worker there tested positive for the new coronavirus. A 25-year-old worker of the EQC-SI unit of the Samsung Display factory in Bac Ninh province tested positive on Sunday, according to a statement released […]

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