Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement.
Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...
The contact chip manufacturing arm of Samsung has acquired a new artificial intelligence chip customer, the company announced on Monday. This new company is Canadian startup Tenstorrent; a producer of chips and intellectual property for data centers as well as automotive and other industries....
Samsung Electronics is off to a disappointing start in 2023. The South Korean electronics manufacturer made a decision earlier this week to scale down its memory chip production amid expected profit drops in the first quarter of this year.
According to The Korea Herald, Samsung’s...
