Live Breaking News & Updates on Gyeonggi province courtesy of samsung electronics

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Samsung vows to triple AI memory chip supply in 2024

Samsung Electronics will increase the supply of high bandwidth memory (HBM) semiconductors, known simply as AI memory chips, by more than three times this year compared to 2023 to respond to soaring demand for generative AI services, the company said, Tuesday.

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Samsung makes strong comeback with 931% increase in Q1 earnings

While Samsung did not disclose detailed performance by business unit, industry experts estimate that the semiconductor business generated an operating profit of over 1.2 trillion won, marking a turnaround after five consecutive quarters of losses. This is attributed to the reduction in memory semiconductor production and the stronger-than-expected rise in chip prices.

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Concerns grow over Samsung Electronics as rivals advance in chips, smartphones, home appliances

Samsung Electronics is anxious over the growing risk of losing its once-dominant market position in its key businesses - memory chips, smartphones and even home appliances - as its rivals are rapidly closing the technology gaps and expanding their market shares, according to industry officials and data, Monday.

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Creator of ChatGPT visits Samsung Electronics' chip factory

Sam Altman, CEO of ChatGPT maker OpenAI, visited a Samsung Electronics semiconductor factory in Pyeongtaek, Gyeonggi Province, Friday, to discuss the joint development of chips for artificial intelligence (AI), according to industry officials.

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Industrial output, retail sales, investment all fall in October: data

Korea's industrial output fell in October on a marked decline in the production of the semiconductor sector, data showed Thursday.

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Industrial output, retail sales, investment all fall in October: data

Industrial output, retail sales, investment all fall in October: data
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Samsung to boost AI chip production in 2024

Samsung Electronics’ semiconductor business narrowed losses in the third quarter compared to the previous quarter, thanks to increased sales of high-priced products such as high-bandwidth memory (HBM), mainly for AI chips and DDR5 DRAM chips as well as chip price increases, the company said Tuesday.

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Samsung, SK hynix expect early rebound due to Nvidia earnings surprise

Shares of Samsung Electronics and SK hynix are forecast to achieve an earlier-than-expected recovery as a consequence of Nvidia's robust earnings growth, as demand for memory chips will rise in line with the U.S. firm's surging sales of its artificial intelligence (AI) computing solutions, market analysts said.

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Samsung to share latest chip trends on Memory Tech Day

Samsung Electronics said Thursday it will hold Memory Tech Day 2023 in October in the United States to share its newest chip technologies and products with technicians and industry officials worldwide.

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Manufacturers take steps to prevent damage from Typhoon Khanun

Samsung Electronics, SK hynix and other large manufacturers are taking comprehensive measures to prepare for the potential impact of Typhoon Khanun, which is forecast to affect the Korean Peninsula, Wednesday and Thursday, company officials said, Tuesday.

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