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Samsung wants to become the world's largest vendor of chips again within three years as it locks horns with SK Hynix, Intel, and TSMC. Will it succeed?

Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance on Tuesday, the tech giant projected its annual sales for the year at 258.1 trillion won, which is down by 14.5 percent on-year. Operating profit is...

At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize energy efficiency As the IFA celebrates its 99th anniversary this year, about 2,290 companies in the fields of IT, consumer appliances and telecommunication will take part from 50 countries. The five...

Operator: Good day and welcome to the Itron Second Quarter 2023 Earnings release. At this time, all participants are in listen-only mode.

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Competition is heating up between Samsung Electronics and SK hynix to take the lead in the next-generation High Bandwidth Memory chip market, which holds great potential for growth with the rise of artificial intelligence and high-performance computing. Even though the market is still in its nascent stage, the world’s top two memory chip makers have already started a war of nerves, each claiming they take the m...

Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip production cuts and the early launch of its new foldable smartphone series, analysts said. On Friday’s earnings guidance for the April-June period released by Samsung, it said its operating profit in the period is expected t...

Samsung has shuffled its leadership teams in foundry and memory business units. It comes shortly after a company-wide strategy meeting.

Major conglomerates are holding management meetings to review their performance in the first half of the year and to discuss strategies to avoid crisis in the remaining half of 2023. SK Group, South Korea's second largest conglomerate group by revenue, held the 2023 Extended Management Meeting on Thursday, gathering top executives of its affiliates to discuss the group's action plans for the second half of ...

Samsung Electronics said Tuesday it is introducing more flexible working hours by allowing employees to take one Friday off per month. Keen attention is being paid to the brand new working hour scheme launched by the nation’s largest company by sales, renewing discussions about the idea of a four-day workweek, two decades after a five-day workweek was introduced back in 2002. Samsung’s new policy will be ...