Samsung Electronics
Galaxy S24 Sales Boost Samsung's Q1 Performance
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Galaxy S24 Sales Boost Samsung’s Q1 Performance

Samsung Electronics said it expects a notable increase in its first-quarter operating profit, surpassing expectations by over 10-fold. The South Korean tech giant estimated its operating profit to have soared to a staggering 6.6 trillion won (USD 4.89 billion) for the quarter ending 31 March. This figure represents a 931 per cent increase compared to […]

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Samsung Electronics Faces 35% Drop In Q4 Operating Profit
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Samsung Electronics Faces 35% Drop In Q4 Operating Profit

Samsung Electronics has reported a 35 per cent decline in its fourth-quarter operating profit, a figure much worse than analysts had anticipated. The world’s leading memory chip, smartphone, and TV manufacturer estimated its operating profit to be 2.8 trillion won (USD 2.13 billion) for October-December, down from 4.31 trillion won in the same period the […]

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Samsung Extends Production Cuts In Response To Challenging Semiconductor Market
Brands Companies Electronics Manufacturing News

Samsung Extends Production Cuts In Response To Challenging Semiconductor Market

Samsung Electronics has announced its decision to extend production cuts in response to a challenging global semiconductor market. The company expressed a cautious outlook for the industry, noting that the demand recovery is primarily confined to high-end chips utilised in artificial intelligence applications. The memory chip industry has been experiencing an unprecedented downturn, which had […]

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