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,
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
Samsung Creates M&A Team Focused on AI and Mobility
Samsung Electronics Chairman Lee Jae-yong is finalizing major management moves. The company has established a new M&A team within the Business Support Office, led by President Ahn Jung-hyun, who is known for the 2017 Harman acquisition, valued at approximately 9 trillion won. Following several large Mergers and Acquisitions this year,
Samsung Boosts AI Chip Investment as Demand Outpaces Supply
Samsung Electronics forecasts that demand for memory chips in the global AI infrastructure build-out will significantly surpass its supply, prompting the company to focus on mass-producing its most advanced chips to capitalise on the AI boom. The company reported a record quarterly revenue from its memory chip division, marking a
Samsung Q3 Profit Soars as AI Drives Chip Price Surge
Samsung Electronics is anticipated to record its highest third-quarter profit since 2022, driven by increased memory chip prices amid rising server demand as inventories are replenished. Analysts estimate an operating profit of around $7.11 billion for July-September, reflecting a 10% increase year-over-year. This recovery is largely attributed to improved pricing
South Korea and Vietnam Commit to Stronger Ties Despite Trade Issues
South Korea and Vietnam pledged to enhance economic and strategic ties during a summit to increase trade amidst global challenges and uncertainties. South Korean President Lee Jae Myung hosted Vietnamese leader To Lam, the first state guest since his inauguration on June 4. They discussed promoting trade and investment, with
South Korea’s Court Exonerates Samsung Chairman Lee in the 2015 Fraud Case.
South Korea’s Supreme Court cleared Samsung Chairman Jay Y. Lee of accounting fraud and stock manipulation charges related to the 2015 $8 billion merger, dismissing all charges. This enables Lee to focus on Samsung’s strategic objectives, including the development of advanced AI chips. The case, linked to a deal between
Samsung May Exit Vietnam, Eyes India for Production
The big tech giant, Samsung, is considering India as its next production hub due to increased tariffs imposed on Vietnamese imports by the U.S. Samsung, which nearly produces half of its smartphones and tablets in Vietnam, may look to India as a more effective and strategic alternative. India has emerged
