Tag: Samsung

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....

Apple and Samsung are both prepared to invest in SoftBank Group-owned chip designer Arm when it seeks to launch its initial public offering (IPO) in September. Both Apple and Samsung were among the 10 companies that Arm was in talks with over funding. Intel...

Stocks in Google's parent company Alphabet Inc. fell by 4.5% in premarket trading on Monday, marking its largest single-day decline in over two months. This comes after reports that Samsung may decide to replace Google with Bing as the default search engine on its...

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...

Samsung Electronics is looking to increase its chip production at the P3 factory in Pyeongtaek, South Korea next year, a South Korean newspaper reported on Sunday. This decision comes despite expectations of an impending economic slowdown. While the broader industry tends to cut chip...