Latest Business news

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
4 days 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
4 days 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
5 days 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
7 days 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
1 week 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
1 week 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
2 weeks ago

Samsung getting away with tiny fine for causing radiation exposure

In May this year, two workers at Samsung’s R&D complex in Giheung, South Korea, woking on chip production line, reported that their fingers swell and red spots appeared on them while working. Upon checking them up, it was found that they faced those issues due to excess X-ray exposure at the work place. Reportedly, their […]

By Abid Iqbal Shaik
2 weeks ago

Samsung Securities suggests Foundry division should spin off

Samsung Foundry appears to be in trouble, as low 3nm yield issues and loss of clients continue. Samsung should announce its Q3 financial report in mid-October, and analysts estimate that the Foundry and System LSI divisions will post significant operating losses. Industry watchers (via Business Korea) say that Samsung's non-memory business, i.e., Foundry and System […]

By Mihai Matei
2 weeks ago

Apple could be forced to rely more on Samsung for future iPhone displays

Apple sources displays for its products, including iPhones, iPads, Macs, and Watches from multiple companies. One of its biggest suppliers is Samsung Display, which provides majority of panels, especially for iPhones and iPads. Well, a new letter sent by Congress to the Department of Defence could force Apple to stop using displays from China’s BOE […]

By Abid Iqbal Shaik
2 weeks ago

Samsung and NTT DOCOMO want to use AI to improve 6G mobile networks

Samsung has partnered with Japanese telecommunications firm NTT DOCOMO to research using AI to improve 6G mobile networks. As the use of AI is being expanded to various industries and 6G hasn't been standardized yet, the two companies are trying to see how AI can improve mobile networks. Samsung and NTT DOCOMO finding ways to […]

By Asif Iqbal Shaik
2 weeks ago

Epic Games is ready to take Samsung to court over Auto Blocker

Epic Games, the creator of Fortnite, is at it again. The company is accusing Google and Samsung of conspiring to give an unfair advantage to the Play platform while stifling the competition. Earlier this year, Epic Games removed Fortnite from Samsung's Galaxy Store as a protest against the Auto Blocker security feature in One UI. […]

By Mihai Matei
2 weeks ago

Future Hyundai and Kia cars can be located using Samsung’s SmartThings

A few months ago, Samsung partnered with Hyundai and Kia to integrate SmartThings into the carmakers' automobiles. That partnership is now going one step ahead with the integration of SmartThings Find in Hyundai and Kia cars. More connected car features will soon be available on Galaxy smartphones and tablets. Locate lost or stolen Hyundai and […]

By Asif Iqbal Shaik
3 weeks ago

Samsung Display to build new $1.8 billion OLED facility in Vietnam

As pressures from rival Chinese display manufacturers and trade restrictions are mounting on Samsung Display, the company has decided to consolidate its supply chain and lay the foundation of a new OLED assembly plant in Vietnam. Samsung will invest $1.8 billion in this new OLED display factory in Vietnam, which should be operational in 2026. […]

By Mihai Matei
3 weeks ago

Samsung India worker’s strike could come to an end soon

Earlier this month, Samsung India’s employees working at the company’s manufacturing plant in Sriperumbudur, Tamil Nadu went on an indefinite strike demanding a pay rise, equal pay for workers with similar experience, end to mandatory overtime on a regular basis, an eight-hour work schedule, and union recognition. After almost ten days, there has been some […]

By Abid Iqbal Shaik
4 weeks ago

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