All articles tagged with #samsung electronics
Originally Published 4 days ago — by CNBC
Samsung Electronics expects its profits to triple in Q4 2022, reaching a record high of around 20 trillion won, driven by a surge in memory chip prices due to booming AI demand and a market shortage, marking a significant boost for the company's financials and market position.
Originally Published 5 months ago — by Axios
Tesla has announced a supply deal with Samsung Electronics to obtain semiconductor chips, including a new AI chip manufacturing facility in Texas, highlighting strategic importance in AI chip development and manufacturing efficiency.
Originally Published 1 year ago — by Bloomberg
Asian shares rose as Samsung Electronics' surprise stock buyback boosted market sentiment, offsetting earlier concerns about reduced expectations for Federal Reserve policy easing. A key regional equities gauge increased by 0.3%, with gains in Hong Kong and mainland China, although Japanese benchmarks declined.
Originally Published 1 year ago — by CNBC
Asia-Pacific stock markets fell on Wednesday, following Wall Street's stalled post-election rally. Japan's Nikkei 225 and Topix, South Korea's Kospi and Kosdaq, and Australia's S&P/ASX 200 all saw declines. Investors are concerned about the implications of Donald Trump's re-election on Chinese equities and U.S. chip policy, affecting companies like Samsung Electronics, which hit a four-year low. Meanwhile, the U.S. markets also experienced a downturn, with the Dow Jones, S&P 500, and Nasdaq all closing lower.
Originally Published 1 year ago — by BBC.com
The National Samsung Electronics Union has called for the first-ever strike at Samsung Electronics, urging its 28,000 members to use their paid leave on June 7, with the possibility of a full-scale strike in the future. The union demands a 6.5% pay rise and a bonus linked to company earnings, amid ongoing wage negotiations that have yet to reach an agreement. Analysts warn that a full-scale strike could disrupt Samsung's chip manufacturing and global electronics supply chains. Samsung Electronics' shares fell by about 2% following the announcement.
Originally Published 1 year ago — by ABC News
The Biden administration has agreed to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas, as part of a total investment expected to exceed $40 billion. This funding, part of the CHIPS and Science Act, aims to revive domestic production of advanced computer chips and propel Texas into a state-of-the-art semiconductor ecosystem, creating thousands of jobs. The cluster in Taylor, Texas, will include two factories making four- and two-nanometer chips, a research and development facility, and a packaging facility. This move aligns with the goal of producing 20% of the world's leading edge chips in the United States by the end of the decade.
Originally Published 1 year ago — by Samsung Global Newsroom
Samsung Electronics has announced its earnings guidance for the first quarter of 2024, with consolidated sales estimated at approximately 71 trillion Korean won and consolidated operating profit at approximately 6.6 trillion Korean won, based on K-IFRS. The estimates represent the median of the provided range, with sales expected to range between 70 trillion to 72 trillion Korean won and operating profit between 6.5 trillion to 6.7 trillion Korean won.
Originally Published 1 year ago — by CNBC
Samsung Electronics reported a 34.57% drop in operating profit in the fourth quarter, in line with its earlier guidance, with revenue at 67.78 trillion Korean won. The decline is attributed to the impact of inflationary pressures and excess chip inventories. However, the company expects a moderate improvement in earnings in the first half of 2024, with a more significant improvement in the second half, as it anticipates a continued recovery in memory chip prices and demand for IT products.
Originally Published 2 years ago — by MarketWatch
U.S. stock index futures are trading lower after a Samsung Electronics profit warning weighed on the technology sector, with S&P 500 futures dipping 0.4%. The dip follows a rally on Monday, driven by a brief drop in the 10-year Treasury yield and falling oil prices. Investors are eyeing upcoming inflation data and Fed speeches, while also considering the narrowed trade deficit and upcoming earnings season. Juniper Networks Inc. shares surged on reports of a potential acquisition, while Netflix Inc. shares dipped following a downgrade from Citi analysts.
Originally Published 2 years ago — by Samsung Global Newsroom
Samsung Electronics has unveiled its latest QLED, MICRO LED, OLED, and Lifestyle display lineups, introducing a next-generation AI processor to kick off the AI screen era. The new lineups offer improved picture and sound quality, AI-powered features, and enhanced connectivity within the Samsung ecosystem. Notable features include the Neo QLED 8K with the NQ8 AI Gen3 Processor, expanded OLED lineups, transparent MICRO LED technology, and new lifestyle products such as The Frame and The Premiere 8K projector. Additionally, Samsung's 2024 TV lineup promises enhanced accessibility offerings and greater compatibility across various devices, setting the stage for personalized, immersive experiences.
Originally Published 2 years ago — by Samsung
Samsung Electronics is releasing the limited edition Galaxy Z Flip5 Retro, a phone that pays tribute to the innovative design and features of the SGH-E700, a groundbreaking mobile phone released 20 years ago. The Galaxy Z Flip5 Retro draws inspiration from the SGH-E700's design and features, including the indigo blue and silver colors, pixel graphics, and an exclusive animation on the Flex Window. The phone will be available in limited quantities in select countries and can be purchased exclusively through Samsung's official website.
Originally Published 2 years ago — by CNBC
Samsung Electronics expects a 78% drop in operating profit for the third quarter, with revenue estimated at 67 trillion South Korean won ($50.02 billion). Despite the decline, the company's operating profit guidance was slightly higher than analyst expectations. Samsung is the world's largest maker of memory chips and the biggest player in the smartphone market. Shares of the company surged 3.16% on Wednesday, leading gains in the South Korean stock market.
Originally Published 2 years ago — by CNBC
Asia-Pacific markets traded higher as China's factory activity expanded in August, with the CSI 300, Shanghai Composite, and Shenzhen Component all posting gains. The People's Bank of China also announced a cut in reserve requirements to boost the economy. However, Hong Kong halted trading and closed schools and businesses as Super Typhoon Saola approached. In other news, Samsung Electronics saw its shares jump over 6% after announcing the development of a new memory chip, while major Chinese banks slashed interest rates on yuan deposits. South Korea's factory activity contracted at a faster pace in August, while Japan's factory activity remained in contraction territory for the third straight month.
Originally Published 2 years ago — by Samsung
Samsung Electronics has announced its earnings guidance for the second quarter of 2023, with consolidated sales estimated to be around 60 trillion Korean won and consolidated operating profit estimated to be around 0.6 trillion Korean won. These figures represent the median of the estimate ranges provided.
Originally Published 2 years ago — by Benzinga
Samsung Electronics expects its lowest quarterly profits in 14 years due to an oversupply of chips, while Google challenges India's antitrust body over alleged favoritism towards Amazon. Exxon Mobil anticipates lower quarterly profits due to lower natural gas prices and refining margins. Tesco introduces virtual GP appointments for UK staff amid NHS pressure. Stellantis ends feud over Windsor battery plant with Canadian government and resumes construction. Fidelity National sells majority stake in Worldpay to GTCR. Bank of America boosts its quarterly dividend by 9%. Coty raises Q4 and FY23 outlook on strong demand acceleration. Genius Sports extends its deal with the NFL. Marathon Digital's June Bitcoin production jumps 599% YoY. Buckle registers a decline in June sales. Alibaba and Chinese peer stocks fall on signs of a slowdown. JetBlue plans job cuts in New York and Boston as its partnership with American Airlines ends.