Latest Business news

Samsung sold more phones than Apple but only slightly

Samsung has struggled in the smartphone market over the past couple of years. After allowing Apple to edge past itself once last year, the South Korean firm won back the number one global smartphone ranking earlier this year thanks to robust Galaxy S24 sales. However, things are looking weaker again. Samsung was the world's number-one […]

By Asif Iqbal Shaik
3 hours ago

Samsung CEO wants employees to make desperate efforts to improve products

Samsung is in a bit of a crisis right now. While the company has been the world's biggest memory chip maker for decades, it seems to have lost its footing in high-end memory chips (HBM) used in AI accelerators and GPUs. In times like these, Samsung CEO urged employees to focus on attaining technology leadership. […]

By Asif Iqbal Shaik
10 hours ago

Samsung hints its flagship HBM3E chips being approved by Nvidia

Samsung announced its earnings for the third quarter earlier today. A large part of its earnings call was spent discussing memory chips since those are considered the company's biggest source of profit. However, the company had problems getting its high-bandwidth memory (HBM) chips approved by Nvidia, the world's biggest AI chip firm. Now, the company […]

By Asif Iqbal Shaik
1 day ago

Samsung partner will help make 0.2mm-thin Gen 8 OLED panels

Samsung Display has secured another supply chain partner that will be instrumental in manufacturing future Gen 8 OLED panels. South Korea's Chemtronics will soon start constructing a new factory to support Samsung exclusively. Reports say that Chemtronics will etch 8 Gen OLED substrates for Samsung Display at its new fab. Chemtronics spent 94.9 billion won […]

By Mihai Matei
2 days ago

Intel could tie up with Samsung to fight against TSMC

Samsung has been trying for years to compete with TSMC in contract chip manufacturing. However, it hasn't succeeded. In fact, it continuously lost its clients, including Nvidia and Qualcomm, to TSMC. Intel Foundry, which entered the contract chip manufacturing space with huge ambitions, also failed. Now, both companies are thinking of forming an alliance to […]

By Asif Iqbal Shaik
2 days ago

Samsung’s device repair network welcomes 300+ more locations

Samsung's customer care network is expanding. The company announced today that its partnership with Cell Phone Repair (CPR) by Assurant, an Independent Service Provider (ISP) within Samsung's repair network, is opening more than 300 new service locations before the end of 2024. At the beginning of the year, CPR had roughly 100 locations certified by […]

By Mihai Matei
3 days ago

Samsung to supply OLED screens for upcoming iPhone SE

Samsung, the world's biggest maker of OLED panels, will reportedly supply OLED panels for the next-generation iPhone SE (2024). The South Korean firm has been supplying OLED panels to Apple since the launch of the iPhone X, and it will continue to do so even though its supply share has decreased over the years. Some […]

By Asif Iqbal Shaik
1 week ago

Vivo overtakes Samsung to become India’s biggest smartphone brand

While Samsung is still the world's biggest smartphone brand, the situation isn't the same in India. The company has been pushed down to third place in India's growing smartphone market, and that isn't good news. Vivo becomes India's biggest smartphone brand in Q3 2024; overtakes Samsung According to the recent numbers from market research firm […]

By Abid Iqbal Shaik
2 weeks ago

Nvidia could get some of its gaming chips made by Samsung

Over the past couple of years, Samsung has lost two big-name chip clients—Nvidia and Qualcomm—to TSMC due to power consumption issues. However, Nvidia could come back to Samsung Foundry in the future, as it doesn't want to rely too much on TSMC for its future chips. This is great news for Samsung. Nvidia's future GPUs […]

By Asif Iqbal Shaik
2 weeks ago

New insight tells different story of Samsung-Apple rivalry in Q3

Yesterday, we covered some market data for the global smartphone segment in Q3 and reported that, according to those numbers, Samsung and Apple held roughly the same market share in the third quarter of 2024. However, different analysts use different methodologies, and today, fresh insight from Counterpoint Research paints a new picture. While Canalys data […]

By Mihai Matei
2 weeks ago

Samsung to make 2nm AI accelerator chips for Rebellions

Samsung has announced that it has partnered with chip firms ADTechnology, ARM, and Rebellions for the development of an AI CPU chiplet platform. Despite being the world's second-biggest contract chip manufacturer, its advanced process nodes haven't been used by many big-name brands recently, but its 2nm Gate-All-Around (GAA) process will be used by Rebellions. Samsung […]

By Asif Iqbal Shaik
2 weeks ago

Samsung and Apple had equal global phone market share in Q3

Industry experts say the global smartphone market grew year-on-year in Q3, attributing the higher sales to the ongoing phone replacement cycle. And as the segment grew, the competition between the top five global smartphone brands intensified. In Q3, Samsung and Apple had nearly equal market share. Each company held roughly 18% of the global smartphone […]

By Mihai Matei
2 weeks ago

Samsung’s hardware will power South Korean Navy’s private 5G network

Samsung Networks, one of the world's biggest cellular network equipment providers, has announced that its hardware will power the South Korean Navy's private 5G network. KT and Samsung Networks will deploy a private 5G network as a part of the country's Smart Naval Project. Samsung Networks and KT will deploy a private 5G network for […]

By Asif Iqbal Shaik
2 weeks ago

Samsung about to cut high-ranking executive jobs across key divisions

Although Samsung recently said it has no plans to spin off its Foundry and System LSI divisions, the tech conglomerate will reportedly cut significant executive job numbers throughout its chip-making arms before the end of 2024. A new report citing industry sources says the head of the Device Solutions (DS) division, under which Samsung's semiconductor […]

By Mihai Matei
3 weeks ago

TM Roh will soon hold ‘town hall meeting’ over the future of mobile

TM Roh, President of the Samsung Mobile eXperience (MX) Division, is preparing to hold the next quarterly “town hall meeting” with employees. Local media outlets say some of the main topics the President will discuss are the competitiveness of Galaxy phones, how Samsung should lead the market, and how it should avoid past mistakes. Industry […]

By Mihai Matei
3 weeks ago

News For You