Latest Business news

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
6 hours 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
1 week 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

Samsung maintains Global Top 5 brand status for 5th year in a row

Despite Samsung Electronics going through a rough patch and having to apologize to investors, customers, and employees, not everything the company did this year was questionable. The tech giants launched some amazing products and led several initiatives and tech advancements. For these reasons, the global brand consultancy firm Interbrand recognized Samsung as a Global Top […]

By Mihai Matei
3 weeks ago

Samsung apologizes to everyone and vows to do better

Lately, Samsung Electronics has been in the news headlines too often for the wrong reasons. Workers are striking, the company is losing key semiconductor clients, the mass production roadmap for the Texas chip factory got pushed back to 2026, the public One UI 7.0 update isn't coming this year, and more and more people are […]

By Mihai Matei
3 weeks ago

Samsung Foundry ‘hungry to grow the business’, won’t spin off

A few days ago, executives representing Samsung's financial division, i.e., Samsung Securities, suggested that the tech conglomerate could spin off the Foundry and System LSI divisions and list them on the US stock market. The chief of Samsung Electronics has now responded, saying that the spin-offs are not in the cards. Market watchers expect Samsung's […]

By Mihai Matei
3 weeks ago

Samsung reportedly facing low yields of Galaxy S25’s 3nm Exynos 2500 chip

The phones in the Galaxy S25 lineup are expected to be the company's first to use 3nm chips. Earlier, it was rumored that Samsung would use 3nm Exynos 2500 in the Galaxy S25 and the Galaxy S25+ and the 3nm Snapdragon 8 Elite in the Galaxy S25 Ultra. However, that might change as the company […]

By Asif Iqbal Shaik
3 weeks ago

Samsung may lay off 10% of workforce in Southeast Asia and Australia

Samsung has had a few macro-level struggles lately, from poor Foundry performance that could lead to a company spin-off to workers in India going on strike for higher wages. While all this is developing, Samsung is reportedly laying off more workers in Southeast Asia and Australia. According to a Bloomberg article (via Business Korea), Samsung […]

By Mihai Matei
4 weeks ago

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