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November 01, 2024
Samsung’s Luxembourg-listed DRs to transfer to London Stock Exchange
Samsung Electronics’ depositary receipts listed in Luxembourg Stock Exchange are to transfer to the London Stock Exchange, according to the company’s filing on Friday. A depositary receipt is a financial security that allows investors to own shares in a foreign company withou...
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October 31, 2024
Samsung vows to boost AI chip sales after earnings miss
Samsung Electronics said Thursday it will focus on producing high-value chips and is ready to supply the cutting-edge AI chips high in demand after announcing disappointing quarterly earnings. The company hinted it is making strides to supply its cutting-edge HBM3E chips to Nvi...
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October 28, 2024
Leadership reshuffle looms at Samsung
Samsung Electronics, facing challenges from its smaller rivals, is expected to carry out a major personnel reshuffle later this year, according to industry sources Monday. The world’s largest maker of memory chips and smartphones has been battling growing competition at home a...
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October 27, 2024
[From the Scene] How robotics reflect shift in S. Korea's food industry
...jor franchise fried chicken brand, BHC Chicken, has introduced automated frying robots with LG Electronics since 2022, aiming to equip 30 stores by year-end. Burger franchise Lotteria, under Lotte GRS... are common due to their location outside urban centers, according to the food giant...
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October 24, 2024
Samsung mobile chief upbeat on Galaxy S24 sales
Samsung Electronics's mobile business chief Roh Tae-moon has pinned high hopes on the latest flagship Galaxy S24 series to drive up the company's smartphone business this year overall. Speaking to the employees in a regular town hall meeting on Wednesday, Roh reiterated the com...
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October 24, 2024
SK hynix reports earnings surprise in Q3 on AI chip boom
...espectively, set during the semiconductor boom in the third quarter of 2018. Meanwhile, market watchers say SK hynix may have surpassed the operating profit of the world’s No. 1 memory chip maker Samsung Electronics’ semiconductor business in the July-September period. This...
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October 21, 2024
Tariff tops US election agenda for Korean firms
...s to foreign companies that invested in the US market during the Joe Biden administration. Rolling back the Inflation Reduction Act and CHIPS and Science Act could affect Korean conglomerates like Samsung Electronics, Hyundai Motor and SK Hynix. With a hardline stance on Chin...
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October 20, 2024
TSMC likely to reclaim lead in sales over Samsung
Samsung Electronics’ chip division is likely to be dethroned by TSMC, the world's largest foundry company that manufactures Nvidia chips, in terms of the latest quarterly sales, according to industry sources on Sunday. Samsung’s third-quarter sales are estimated to ...
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October 17, 2024
Samsung to launch slimmer foldable phone next week
Samsung Electronics, the world’s largest smartphone maker by shipment, is expected to launch its thinnest foldable phone next week to reinforce its footing in the global foldable smartphone market where Chinese rivals are edging their way up. Releasing a video invitation on Th...
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October 17, 2024
Samsung to debut 24Gb GDDR7 DRAM chip next year
Samsung Electronics, the world's largest memory chip maker, said Thursday it has developed the industry’s first 24-gigabit GDDR7 DRAM, set for a market debut early next year. Compared to the previous 16Gb GDDR7 DRAM, the new chip has improved capacity, performance and power ef...
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October 16, 2024
ASML's lukewarm outlook pulls down Samsung, SK shares
... The benchmark Philadelphia Semiconductor Index slid 5.3 percent. As of 2:30 p.m. on Wednesday, Samsung Electronics shares stood at 59,700 won ($43.82), down 2.1 percent, while SK hynix shares fell 1...ysts anticipated SK hynix to achieve an operating profit of over 7 trillio...
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October 16, 2024
Korea to pump in W8.8tr in 2025 to contend in global chip race
...ost-sharing will be prepared within the year amid growing concerns that Korean chipmakers face power shortages. In the Yongin semiconductor cluster, 16 semiconductor production facilities, led by Samsung Electronics and SK hynix, will be built by 2047. Although a vast amount ...
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October 15, 2024
Herald Business Forum envisions future with AI
...er, by utilizing AI technology, time and costs can be reduced, and researchers can focus more on creativity by eliminating unnecessary tasks,” said Choi Young-sang, vice president of technology at Samsung Advanced Institute of Technology. Jung Ki-hyun, executive vice president of the ...
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October 13, 2024
Samsung Electronics sheds W90tr in market cap amid foreigners' selloff
Samsung Electronics, South Korea’s largest chipmaker, has seen its market cap shrink by a staggering 90 trillion won ($66.6 billion) since September, largely driven by a sustained selling spree among foreign investors. According to the Korea Exchange on Sunday, foreigners have...
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October 13, 2024
SK heiress weds Chinese American entrepreneur
...ornia. The wedding was held at the Grand Walkerhill Hotel, operated by SK Group subsidiary SK Networks, and was attended by SK owner families and the country's top conglomerate leaders, including Samsung Electronics Chairman Lee Jae-yong and LG Group Chairman Koo Kwang-mo. Hy...
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October 11, 2024
Merck opens new chip materials R&D center in Korea
...ly to its customer needs here. The company held the opening ceremony of the latest facility at the production site that same day. Attendees include senior executives of Merck and its key clients, Samsung Electronics and SK hynix. The new facility, the second of its kind in A...
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October 10, 2024
Will Apple quit smart ring race with Samsung?
After the July launch of Samsung Electronics’ Galaxy Ring, several tech rivals have jumped into the smart ring race. But rumors are rampant that Apple may have scrapped its long-held plan for its own ring possibly to focus on the Apple Watch. According to a recent Bloomberg re...
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October 08, 2024
[KH Explains] Samsung chief say he is still ‘hungry’ for foundry growth
Samsung Electronics Chairman Lee Jae-yong on Monday put an end to the long-standing rumor that the memory chip giant might spin off its lackluster foundry business, saying he is still “hungry” for growth. “We are hungry to grow (our) business, not interested in spinning (it)...
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October 08, 2024
Samsung's chip head apologizes as Q3 earnings miss estimates
Samsung Electronics predicted Tuesday that its operating profit for the July-September period would miss market expectations due to slow recovery in memory demand and the lackluster performance of High Bandwidth Memory chips used in artificial intelligence computing. Samsu...
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October 07, 2024
Samsung chief calls for active MLCC response in Philippines
Samsung Electronics Chairman Lee Jae-yong visited the production base of multilayer ceramic capacitors for Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, in Calamba, Philippines, Sunday, according to ...
November 25, 2024
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2024/11/25/20241125050044_0.jpg)
