Samsung Electronics

Chip selloff deepens after Google touts memory breakthrough

Four hyperscalers, led by Amazon.com Inc. and Google, plan to spend about $650 billion this year to build data centers, scooping up Nvidia Corp.’s AI accelerators and related memory chips.

Samsung ordered to pay $118 million for infringing Netlist patents

Samsung has also filed a related lawsuit in Delaware federal court accusing Netlist of breaking an obligation to offer fair licenses for technology required to comply with international standards.

Centre working on a Repairability Index to create an ecosystem for reuse of devices

The index will also aim to standardize how repairability is to be assessed, allowing consumers to compare products based on the repair quotient.

'No work, no pay,' Samsung warns striking Indian workers as row escalates

Samsung workers are earning Rs 25,000 ($300) on average per month, according to powerful labour group CITU that has helped mobilize the factory workers. They are demanding a raise of Rs 36,000 ($430) over three years

World Street | Nvidia slump continues; Ackman’s IPO stumbles; Starbucks revenue miss; Samsung’s record earnings and more

From Nvidia’s stock plunge and Ackman’s scaled-back IPO to Starbucks' revenue miss and Samsung's record earnings, here's a look at recent business developments around the world.

World Street | Nikkei ascends to new peak, Samsung's better-than-expected Q2, Labour Party's victory in UK elections and more

From China's EV maker BYD's first plant in Thailand to MG and Nio's plans to raise prices to counter EU's increased tariffs, here's a look at some of the major developments from across the world.

Samsung Electronics' union stages first walkout

The National Samsung Electronics Union, with about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest measures

World Street | Samsung, Intel to gain for US' chip push, big Japan wage hikes, Microsoft launches security copilot and more

From Samsung's expansion and wage hikes in Japan to Microsoft Copilot unveiling, and TikTok ban, here's a look at recent business developments around the world.

Samsung Elec has more than halved its stake in ASML, filings show

Samsung is expected to spend the proceeds on new memory chip production lines, local media reported on Wednesday.

Apple and Samsung to invest in SoftBank's Arm at IPO: Nikkei

The long-awaited IPO is seen as a potential windfall for Softbank founder and CEO Masayoshi Son's sprawling tech conglomerate.

Samsung expects gradual global chip demand rebound in H2

"Looking to the second half of the year, the (memory chip) market is expected to gradually move toward stability considering increasing production cuts in the industry," the world's biggest memory chip and smartphone maker said in a statement.

In Pics | Samsung Electronics unveils 5th generation of Galaxy foldables, smartwatches and tabs

Samsung is "revolutionising the mobile industry" with its set of foldable gadgets, said TM Roh, President at Samsung Electronics at the Galaxy Unpacked event.

Samsung Electronics flags 96% drop in Q2 profit as chip glut drags on

The world's largest memory chip and smartphone maker estimated its operating profit fell to 600 billion won ($459 million) in April to June, from 14.1 trillion won a year earlier in a short preliminary earnings statement.