Samsung Electronics

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.

Samsung Electronics Q1 net profit up almost 60 percent

April 29, 2022 | 15:32

South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.

Samsung forecasts Q1 operating profit up 50.3% year-on-year

April 08, 2022 | 16:00

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.

Samsung Electronics not to move manufacturing base to RoK

February 21, 2022 | 10:11

Samsung Electronics has confirmed that it has relocated two smartphone production lines of its business partners from Vietnam's northern Thai Nguyen province to its Gumi plant in North Gyeongsang province of the Republic of Korea (RoK).

Vietnam and Samsung express wish for mutual support and partnership

September 05, 2021 | 16:54

During a visit to the Samsung factory in Thai Nguyen, the corporation and the prime minister exchanged promises to foster each other's growth on the long-term.

Samsung seeks direct energy route

June 10, 2021 | 17:53

The investment legal framework for Vietnam’s renewable energy market could change if Samsung gets government approval to buy renewable energy directly from power generators.

Samsung Electronics forecasts 25.7percent jump in Q4 operating profit

January 08, 2021 | 11:15

South Korean tech giant Samsung Electronics flagged a jump of more than 25 percent in Q4 operating profit Friday, with working from home under the coronavirus pandemic driving demand for the devices powered by its chips.

Samsung Electronics Q3 net profit leaps after Huawei boost

October 29, 2020 | 18:00

Samsung Electronics' net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant's mobile and chip businesses were boosted by US sanctions against Chinese rival Huawei.