Samsung ranked as the top seller among smartphone manufacturers in the first quarter, edging out Apple, according to a report from industry research firm IDC released Monday. Global sales of smartphones went up by 7.8 percent to 289.4 million in the first three months of 2024, according to the report. Samsung had 20.8 percent market … Read more
The Biden administration on Monday announced a multibillion-dollar agreement with Samsung, which will invest in semiconductor chip manufacturing in Texas. The $6.4 billion preliminary deal is the latest agreement struck using funds from the CHIPS and Science Act, a bipartisan law Biden signed in 2022. Samsung is expected to invest more than $40 billion in … Read more
Samsung Electronics estimated on Friday a more than 10-fold rise in its first-quarter operating profit, as rebounding semiconductor prices lifted earnings from a low base a year ago when there was a severe downturn in chip demand. The world’s largest memory chip and TV maker estimated its operating profit rose to a better-than-expected 6.6 trillion … Read more
Dipesh Shah, Head Samsung R&D, Samsung India, says “it is primarily a software driven innovation. The sensors and devices are the same. Now, we are doing signal processing on those sensors using AI in the backend through a secure Knox platform so that it brings in additional benefits to daily life. As long as we … Read more
Samsung Electronics is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn. Operating profit for the world’s biggest maker of memory chips and TVs likely rose to 5.7 trillion won ($4.24 billion) in the … Read more
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