Samsung braces for biggest profit slump in years as consumer tech demand dries up October 6, 2022 Samsung Electronics could be swallowing its biggest profit slump in nearly three years in the third quarter, as a global economic crunch weighs on demand for consumer tech. The Korean technology giant may have had its profit dwindle by 25 per cent to $8.3bn (£7.3bn) in the three months to September, according to analysis by [...]
Samsung to double production capacity of advanced chips by 2027 October 4, 2022 Samsung Electronics has announced that it will double the production capacity for advanced chips by 2027, as the world goes continues to wrestle with a tight supply. The Korean chipmaker is looking to capitalise on the strong demand for computer chips, which are used in most of today’s technology – from smartphones to cars. “There [...]
When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
45 per cent of Brits with disabilities admit to concealing them in the workplace to avoid being ‘valued less’ May 20, 2022 Britain is a country uncomfortable speaking about workplace disabilities with almost 45 per cent of those with one concealing it, according to new figures published by Samsung. Research shared by the electronics firm this week firm found almost half of 2,500 people polled did not feel OK using the word ‘disabled’, while 40 per cent [...]
Booming chip demand sees Samsung’s earnings jump 50 per cent April 7, 2022 Samsung Electronics posted an estimated 50 per cent jump in quarterly operating earnings this morning following strong demand for its products.
Saturday review: Samsung has created a compelling experience with new S22 February 12, 2022 Samsung’s new flagship smartphone, which combines features from its two biggest ranges for the first time, is the result of the tech giant listening to the customer to create a compelling experience. On Wednesday, the phone maker unveiled the S22 range, which includes the S22 Ultra, the top-of-the-line device which includes Samsung’s S-Pen stylus built [...]
Samsung and Intel weather chip shortages hitting record sales January 27, 2022 Samsung and Intel recorded another quarter of record sales in the final three months of 2021, as both companies weather the supply chain storm. South Korean giant Samsung’s profit climbed 65.13 per cent from the previous year, reflecting the expanded sales of premium smartphones, including foldable phones, as well as TVs and home appliances. Operating [...]
Samsung estimates 52 per cent profit boost as demand for chips rockets January 7, 2022 Samsung weathers the chip shortage storm, as the tech giant said it expected its profit to jump 52 per cent for the last three months of 2021.
Legal woes continue for Samsung as boss pleads guilty to sedative use October 12, 2021 Samsung chief Lee Jae-Yong pleased guilty to a charge of unlawful use of a controlled substance in a Seoul court amid ongoing legal troubles. In August, the embattled heir to Samsung was let out of prison on parole following a bribery conviction with the government judging his release to be in the “national interest” because [...]