Samsung Electronics

Samsung Electronics expects 10-fold rise in Q1 profit

April 05, 2024 | 16:43

Samsung Electronics said Friday it expects first-quarter operating profits to rise more than 10-fold year on year as chip prices recover.

OpenAI CEO Altman visits S.Korea for Samsung, SK Hynix meetings: reports

January 29, 2024 | 15:47

ChatGPT creator OpenAI's CEO, Sam Altman, has arrived in South Korea to meet with the leaders of chip giants Samsung Electronics and SK Hynix, reports said Friday.

Samsung expects second-quarter profit to plunge more than 95 percent

July 07, 2023 | 14:57

Samsung Electronics said Friday it expects second-quarter operating profits to fall more than 95 percent on-year to their lowest level in 14 years, as a global glut of semiconductors continues to hurt its core memory sector.

Samsung Electronics flags sharp Q4 profit drop on falling demand

January 06, 2023 | 11:58

Samsung Electronics said Friday it expected its fourth-quarter operating profits to plunge 69 percent, as the global downturn causes a sharp decline in demand for memory chips and smartphones.

Samsung to raise total investment in Vietnam to $20 billion

December 06, 2022 | 17:37

Samsung Electronics vice chairman Han Jong-hee said the company would raise total investment in Vietnam to $20 billion, focusing on artificial intelligence and big data.

Samsung Electronics forecasts 31.7% fall in Q3 profit

October 07, 2022 | 11:37

Samsung Electronics expects operating profits in the third quarter to fall 31.7 percent, the South Korean tech giant said in a statement Friday, after a global economic downturn hit demand for consumer electronics.

Tungsten riches not yet in grip of giants

August 13, 2022 | 08:00

While Vietnam wants to become a top supplier of tungsten for major tech companies, strict controls on source information mean achieving that goal is not guaranteed.

Prime Minister asks Samsung Electronics to expand operations in Vietnam

August 06, 2022 | 13:51

Prime Minister Pham Minh Chinh has asked Samsung Electronics of the Republic of Korea to expand its operations in Vietnam during a reception for the group’s CEO Roh Tae-Moon in Hanoi on August 5.

Electronics giants leading foreign investment bounce

July 06, 2022 | 09:20

With billions of US dollars worth of high-quality investment committed, Vietnam is set to elevate itself to value chains, becoming a key manufacturing hub in the region.

Local suppliers fuelled to meet higher standards

June 08, 2022 | 13:00

Samsung Electronics and the Ministry of Industry and Trade last month held a kick-off ceremony for a smart factory in the northern province of Vinh Phuc. Ngo Huu Tiep, group chairman of Haast Industry Vietnam – one of 14 domestic suppliers being supported – told VIR’s Kim Oanh about the factory’s role in fostering Vietnam’s supporting industries.