Latest Business news

Is Korea’s 52-hour workweek costing Samsung billions in profits?

Companies in South Korea are required to comply with a 52-hour employee workweek that's enshrined in national law. While other chip companies based there seem to thrive with the same restrictions, it appears they're proving to be a bit of a problem for Samsung Electronics. A new report highlights have Samsung's system LSI division is […]

By Adnan Farooqui
19 hours ago

Samsung stock is taking a beating, hits a 4-year low

Investors aren't feeling that hot about Samsung Electronics' stock. The share price has been declining rapidly amid concerns about what tariffs that the incoming Trump administration places could mean for the company's earnings. That, coupled with concerns about some of the business headwinds the conglomerate is facing, is pushing investors to put their money elsewhere. […]

By Adnan Farooqui
21 hours ago

Samsung’s Chinese rival could pull out of foldable smartphone market

Samsung was the first brand to launch foldable smartphones globally. Its first foldable phones came out in 2020, and it ruled the market for a few years, but it is no longer considered the king of that segment. Chinese brands are launching better-equipped foldable phones, and their sales are increasing. However, at least one Chinese […]

By Asif Iqbal Shaik
21 hours ago

Latest US orders on China bring more pain for Samsung Foundry

The United States has a mission to prevent China from accessing advanced semiconductors. It doesn't hurt that some of the world's top semiconductor firms are based in countries that are longstanding allies of the US – Taiwan and South Korea. That provides the administration with lot of levers to put pressure on its arch rival. […]

By Adnan Farooqui
2 days ago

Apple delays OLED MacBook Air release to not give Samsung more money

It's been rumored for a few years now that Apple is going to launch new MacBook Air models that will feature an OLED display. Since there aren't many display manufacturers that can supply OLED panels at the volume and quality that Apple requires, it's left with no option but to source them from Samsung Display […]

By Adnan Farooqui
3 days ago

Samsung might help Apple fix the Vision Pro’s biggest problem

Samsung is the world's biggest and highest-rated OLED panel maker. Whenever Apple introduced an OLED screen in its devices, it bought those panels from Samsung Display. However, for the Vision Pro, Apple used OLEDoS screens from Sony. However, to fix Vision Pro's biggest problem, Apple may have to get Samsung's help. Samsung could make OLED […]

By Asif Iqbal Shaik
7 days ago

You’d never guess how important Samsung is to Korea’s economic growth

All developed countries have big companies that contribute a significant chunk to their economic growth. Rarely, though, is the vast majority of that growth concentrated in just one company, but that's exactly the case in South Korea. It's widely known that Samsung is the largest company in South Korea and one of the biggest contributors […]

By Adnan Farooqui
1 week ago

Samsung’s new Galaxy Tabs have been a hit

While Samsung's smartphone sales declined last quarter despite an impressive showing from the Galaxy S24 series, its tablet sales increased considerably. The company narrowed the gap with Apple and secured its position as the world's second-biggest tablet firm. Samsung sold 7.1 million tablets in Q3 2024 According to the latest figures from International Data Corporation […]

By Asif Iqbal Shaik
1 week ago

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
2 weeks 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
2 weeks 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
2 weeks 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 weeks 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 weeks 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
2 weeks 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
3 weeks ago

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