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Tag: Samsung

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

Samsung to deploy 50,000 Nvidia GPUs for AI-powered chip manufacturing

Korean semiconductor powerhouse Samsung announced on Thursday plans to purchase and deploy 50,000 Nvidia graphics processing units to enhance its chip manufacturing capabilities for mobile devices and robotics. The GPUs will power what Samsung is calling an “AI Megafactory,” though the company has not revealed a timeline for the facility’s construction. The move marks another […]

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

US revokes Samsung, SK Hynix chip production licenses for China

The United States is making it more difficult for chipmakers Samsung and SK Hynix to produce chips in China by revoking authorizations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The U.S. Commerce Department had given the companies exemptions to sweeping restrictions created in 2022 on the […]

Samsung sees US trade deal as boost amid Tesla chip order
News

Samsung sees US trade deal as boost amid Tesla chip order

Samsung Electronics says a new trade deal between South Korea and the U.S. will ease business uncertainty and open the door for more chip orders, following a $16.5 billion agreement to supply semiconductors to Tesla. The United States will impose a 15% tariff on South Korean imports—down from a proposed 25%—in a deal announced by […]

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

Samsung inks $16.5b semiconductor deal with Tesla

Samsung Electronics has signed a $16.5 billion contract to supply semiconductors to Tesla, according to a regulatory filing by the South Korean tech giant and a confirmation by Tesla CEO Elon Musk on X. While Samsung’s filing did not initially name Tesla, it stated that the contract took effect on July 26, 2025, with deliveries […]

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

Samsung to unveil triple-folding smartphones to rival Huawei

Samsung Electronics Co. has announced plans to launch its first triple-folding smartphone by the end of 2025, a strategic move aimed at strengthening its position in the high-end device market amid intensifying competition from Chinese brands like Huawei. The President and Head of Samsung’s Mobile Experience Business, TM Roh, disclosed the development during a press […]

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
News

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
News

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. […]

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