Samsung Electronics Plans $59 Billion Share Buyback
Samsung Electronics is planning to buy back its own shares worth about 90 trillion won ($58.6 billion), according to a report by Yonhap News Agency. After the news came out, Samsung’s share price jumped more than 6%. The company also recently reached a wage agreement with its employee union. As
SK Hynix Overtakes Samsung as S. Korea’s Most Valuable
SK Hynix has become the most valuable company listed on South Korea’s stock market, passing Samsung Electronics for the first time in about 25 years. The company’s success comes from the huge demand for artificial intelligence (AI). SK Hynix makes special memory chips called High-Bandwidth Memory (HBM) chips, which are
Samsung Takes BYD, Google, AMD Orders Amid TSMC Shortage
Samsung Electronics is receiving more demands from major companies to make advanced chips, as the world’s top chipmaker, TSMC, is running short on capacity due to strong demand for artificial intelligence (AI) technology, according to a Nikkei Asia report. China’s largest electric vehicle maker, BYD, is in talks with Samsung
Kioxia Challenges Samsung in Memory Chip Race
Kioxia Holdings is accelerating the development of wafer-bonding technology to strengthen its position against South Korea’s Samsung Electronics in the highly competitive memory semiconductor market. Kioxia is also investing in new advanced techniques for chip manufacturing, enabling better chip stacking for improved performance and reduced energy consumption compared to currently
Samsung Hits $1 Trillion Milestone as AI Demand Surges
Samsung Electronics achieved a milestone on Wednesday as its market value surged past the $1 trillion mark for the first time. This massive growth of the South Korean tech giant makes it the second Asian company to reach this level after the Taiwanese chipmaker, Taiwan Semiconductor Manufacturing Company, TSMC. The
Samsung Considers Chip Investment in Vietnam
Samsung Electronics is considering an investment in chip testing and packaging facilities in Vietnam, according to reports. This move is representative of the company’s continued strategy to expand its global semiconductor reach. Specific investment amounts, timelines, etc, have not been made public at this time. However, the Vietnamese Ministry of
Samsung Q1 Operating Profit Surges on Chip Demand
The electronics division of Samsung has made a huge profit for the first quarter because of the surge in demand for memory chips that increased the price of semiconductors. The electronics division of samsung experts an operating profit of 57.2 trillion won for the quarter, which is a significant jump
Samsung Elec’s Intend to Supply Its HBM4 Chips to OpenAI
Samsung Electronics has decided to supply its next-generation high-bandwidth memory (HBM4) chips to OpenAI. These chips will be used in OpenAI’s first in-house artificial intelligence processor, according to The Korean Daily on Wednesday. Last year, Samsung signed an official letter of intent to supply memory chips for OpenAI’s data centre,
Reliance Inks $3Billion Green Ammonia Deal With Samsung
On Monday, India’s Reliance Industries said it had signed an agreement with Samsung C&T, affiliated with South Korea’s Samsung Group, to supply green ammonia for 15 years, with the total value exceeding $3 billion. The supply will begin in the second half of 2029, the Indian conglomerate said in an
AMD CEO to Collaborate on AI Memory Chips with Samsung
Lisa Su, CEO of Advanced Micro Devices (AMD), is set to meet the Samsung Electronics Chairman Jay Y. Lee in South Korea next week to discuss collaboration on securing supply with high-bandwidth memory, which is used in AI Intelligence Chipsets. Lisa Su is all set to visit South Korea on
