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

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

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

Samsung Electronics flags sharp Q4 profit drop on falling demand

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.
Prime Minister asks Samsung Electronics to expand operations in Vietnam

Prime Minister asks Samsung Electronics to expand operations in Vietnam

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.
Samsung seeks direct energy route

Samsung seeks direct energy route

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 Vietnam aims to increase local tier-1 vendors

Samsung Vietnam aims to increase local tier-1 vendors

Samsung Electronics Viet Nam (SEV) aims to increase the number of Vietnamese enterprises serving as tier-1 vendors from the current 29 to 35 by the end of this year, 42 in 2019 and 50 in 2020.