Samsung’s chip profit soars after AI fuels demand for memory
Memory chip business is a key pillar of the company’s empire, which spans smartphones and home appliances Samsung Electronics’ semiconductor arm reported a stronger-than-expected rise in…
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Samsung’s big Tesla order fuels recovery bets despite chip woes
Samsung Electronics’ surprise US$16.5 billion chipmaking deal with Tesla has breathed new life into a foundry business all but written off by many investors. Its stock has risen 9 per cent…
Samsung’s bet on foldable phones faces major test with slimmer new model
Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by…
Samsung’s profit recovery seen weakening in Q3
SAMSUNG Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday (Oct 8) on improving demand for chips, but the pace of its recovery is weakening, as it is…
Samsung’s Singapore staff not spared as it cuts thousands of jobs globally amid struggles in AI market
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs, according to people familiar with…