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Tag: Samsung

Samsung blames US AI chip sanctions for profit slump, shares dip
News

Samsung blames US AI chip sanctions for profit slump, shares dip

Samsung Electronics on Tuesday blamed U.S. sanctions on advanced AI chip exports to China for a sharp drop in second-quarter profit, a move that rattled investors and sent its shares slightly lower. The South Korean tech giant, the world’s largest memory chipmaker, projected a 56% plunge in operating profit for the April–June quarter, attributing the […]

News

Samsung unveils slimmest smartphone yet in strategic move against Apple

Samsung Electronics has launched its slimmest flagship smartphone to date — the Galaxy S25 Edge — in a bold move to outpace tech rival Apple in the competitive premium smartphone market. Revealed during a launch event at the company’s store in Seoul, the Galaxy S25 Edge combines a sleek design with cutting-edge artificial intelligence features, […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple, Samsung benefit as Trump excludes key electronics from tariffs

President Donald Trump’s administration exempted smartphones, computers, and other electronics from its so-called reciprocal tariffs, aiming to shield consumers from price hikes and support major tech firms like Apple Inc. and Samsung Electronics Co. The exclusions cover smartphones, laptops, hard drives, computer processors, and memory chips—popular electronics that are largely not produced in the U.S., […]

Samsung’s home robot ‘Ballie’ adds Google’s Gemini AI
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Samsung’s home robot ‘Ballie’ adds Google’s Gemini AI

Samsung is teaming up with Google Cloud to bring Gemini, Google’s powerful generative AI, to its long-anticipated home robot, Ballie, the companies announced on Wednesday. Through this partnership, Ballie will gain access to Gemini’s multimodal AI capabilities, allowing it to understand and respond to queries using both audio and video input. Samsung says users will […]

Samsung Co-CEO Han Jong-hee dies of heart attack
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Samsung Co-CEO Han Jong-hee dies of heart attack

Samsung Electronics announced on Tuesday that co-CEO Han Jong-hee has died of a heart attack, leaving newly appointed chief executive Jun Young-hyun as the sole leader of South Korea’s largest company. The unexpected loss comes as Samsung works to revamp its struggling semiconductor division and navigate ongoing trade uncertainties. Han, 63, became CEO in 2022 […]

Samsung blames US AI chip sanctions for profit slump, shares dip
News

Samsung electronics eyes major deals as shareholder pressure hits

Samsung Electronics has announced plans to pursue significant mergers and acquisitions to drive growth, following sharp criticism from shareholders over its lagging performance in the artificial intelligence boom. The announcement was made during the company’s annual general meeting in Suwon, South Korea, where executives faced tough questions about its weak earnings and declining stock prices. […]

Tech

Samsung expands AI phone lineup with $300 5G galaxy devices

Samsung has expanded its Galaxy A series with three new 5G smartphones—the Galaxy A56, A36, and A26—each featuring enhanced artificial intelligence capabilities. Samsung’s introduction of the Galaxy A56, A36, and A26 smartphones underscores its commitment to delivering advanced features at more accessible price points. This move closely follows Apple’s release of the iPhone 16e, a […]

Samsung chief cleared of fraud in 2015 merger case
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Samsung chief cleared of fraud in 2015 merger case

A South Korean court on Monday upheld the acquittal of Samsung Electronics Executive Chairman Jay Y. Lee in a high-profile case involving allegations of accounting fraud and stock manipulation related to the controversial 2015 merger of Samsung affiliates Cheil Industries and Samsung C&T. The Seoul High Court dismissed the prosecution’s appeal, reaffirming a lower court’s […]

Samsung reports profit amid AI-driven chip demand
Technology

Samsung launches S25 with enhanced AI amid Apple competition

Samsung Electronics unveiled its new Galaxy S25 series on Wednesday, highlighting its custom chip and enhanced AI features as key selling points. This launch comes after a challenging year for Samsung, as its smartphone shipments faced stiff competition from Chinese brands and Apple. The Samsung Galaxy S25 series is available in three variants: the S25, […]

Samsung reports profit amid AI-driven chip demand
News

Samsung integrates generative AI into top-selling TVs

Samsung Electronics is advancing its AI efforts with Vision AI, a new suite of features for its premium TVs. The AI-powered screens can identify on-screen content, perform real-time translations, and create personalized background images. Equipped with built-in AI processors, the top models will also enhance visuals by analyzing content, boosting colors, contrast, and optimizing audio, […]

Samsung reports profit amid AI-driven chip demand
News

Samsung shares rise by 7% amid $7bn buyback plan

Samsung Electronics’ stock on Monday saw a significant rise after the company announced a surprise buyback plan worth 10 trillion South Korean won ($7.19 billion) over the next year. The stock surged more than 7% in Seoul, following a 7.21% increase on Friday, fueled by news of a preliminary agreement with its largest workers union, […]

Samsung reports profit amid AI-driven chip demand
News

Samsung plans $7bn stock buyback

Samsung Electronics has announced a plan to buy back 10 trillion won ($7.2 billion) of its shares over the next year, marking one of the largest shareholder return programs in the company’s history. The repurchase will be carried out in stages, with the first phase involving the buyback of approximately 3 trillion won worth of […]

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