samsung
South Korean tech firm Samsung Electronics on Tuesday reported close to a five-fold jump in net income attributable to shareholders in the first quarter. Profit after tax, less dividends payable to holders of preference shares, climbed to 6.62 trillion Korean won (around $4.8 billion) from 1.40 trillion won in the prior year. Operating income for the first quarter also climbed to 6.61 trillion won from 0.64 trillion won in the previous year, as the Memory business returned to profit by addressing demand for high value-added products. The Mobile eXperience Business posted higher earnings and th...
DPA Breaking News
The US government announced on Monday it is awarding $6.4 billion to South Korean technology giant Samsung to expand a semiconductor plant in Texas. The subsidy is part of Washington's broader effort to bring cutting-edge semiconductor production back to the United States amid concerns the world's largest economy is falling behind in the race to develop the chips that power artificial intelligence systems. Samsung plans to manufacturer two-nanometre chips at the plant in Taylor, Texas. Such semiconductor technology is currently found exclusively in Asia, chiefly in Taiwan by market leader TSMC...
DPA Breaking News
Samsung clinched the top spot in the smartphone market from Apple in the first quarter of 2024, preliminary data from research firm IDC revealed on Monday. Global smartphone shipments increased 7.8% year over year to 289.4 million units in the first quarter of 2024, IDC said. In the last quarter, Samsung sold 60.1 million smartphones and Apple 50.1 million of its iPhones, IDC estimated. That brings the market shares of the two biggest companies to 20.8% and 17.3%. "As expected, smartphone recovery continues to move forward with market optimism slowly building among the top brands," Ryan Reith,...
DPA Breaking News
South Korean electronics giant Samsung posted significant growth in the first quarter of 2024 thanks to a resurgence in demand for memory chips. The market leader in memory chips and smartphones said it expected its operating profit to have increased more than tenfold year-on-year in its earnings guidance for the first quarter of 2024, released on Friday. The consolidated operating profit from the core businesses is expected to amount to about 6.6 trillion won ($4.9 billion), Samsung said. In the first quarter of last year, the figure was 640 billion won. Samsung expects consolidated sales to ...
DPA Breaking News
South Korean technology company Samsung is expected to launch its much-anticipated foldable phones in early July, according to reports on Friday. The company's annual Unpacked event is said to be the chosen platform for this unveiling. Recently, leaks and reports have surfaced, and based on them, OnLeaks and Smartprix have shared renders of both the Galaxy Z Flip6 and Z Fold6 foldable phones. It is also speculated that Samsung's forthcoming foldable devices will incorporate a variety of Galaxy artificial intelligence (AI) features. The company is aiming to launch these devices ahead of the Par...
DPA Breaking News
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