Samsung Electronics

Samsung Electronics cuts memory chip production as profit declines

Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit. The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory products by unspecified meaningful levels to optimize its manufacturing operations, adding it has sufficient supplies of those chips to meet demand fluctuations. The company predicted an operating profit of 600 billion won ($455 million) for the three months through March, which would be a 96% decline from the same period a year earlier. It said it sales during the quarter likely fell 19% to 63 trillion won ($47.7 billion). Samsung, which will release its finalized first quarter earnings later this month, said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories to nurse

Samsung braces for worst profit in at least 14 years as tech demand withers

Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position

Samsung lays off 3% employees at US semiconductor subsidiary: Report

The total number of employees at Samsung DSA is 1,200, of which 30 employees have been removed

Manufacturing: PM has multiple holes to fill before pvt capital rushes in

Yet, a look at the Indian units of long-established multinationals shows how much help the industrial sector will need

Samsung developing 'Galaxy Ring' and AR-powered 'Galaxy Glasses': Report

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Samsung Electronics ranks first in global TV market for 17 years in row

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Samsung unveils Galaxy Book3 Ultra with 13th Gen Intel chips, Nvidia GPUs

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Samsung Galaxy S23 Series to be manufactured locally for Indian consumers

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Samsung to unveil flagship Galaxy devices at Unpacked event today: Details

Samsung is expected to launch the Galaxy S23 series smartphones and Galaxy Book3 series laptops at its first Galaxy Unpacked event on February 1, 2023

Samsung to launch Galaxy S23 series, Book 3 lineup at Unpacked event today

Tech giant Samsung will launch the Galaxy S23 series alongside Galaxy Book 3 lineup at its much-awaited 'Galaxy Unpacked' event on Wednesday

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Samsung may introduce free streaming service TV Plus to 3rd-party devices

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Samsung working on 'Lifelike Pixels' technology for OLED screens: Report

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Samsung Electronics spars with India over $110 mn production incentives

The smartphone giant's India unit is seeking just under 9 billion rupees ($110 million) in incentives for the fiscal year through March 2021, people familiar with the matter said

Construction of US semiconductor plant on track: Samsung CEO Kyung Kye-hyun

"The fab will be finished within this year and start producing the best products next year," he added

Samsung to soon bring new features to Galaxy Buds2 Pro, Galaxy Watch series

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Samsung has confirmed that its first Galaxy Unpacked event for 2023 will kick off on February 1. The event would likely be about the global unveiling of Samsung premium flagship smartphones

Samsung Electronics plans to release human assistant robot 'EX1' in 2023

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CES 2023: Samsung unveils OLED display with peak 2,000 nit brightness

South Korean tech giant Samsung has unveiled a smartphone OLED panel that can achieve a peak brightness of over 2,000 nits at CES 2023

Samsung profit tumbles by 69% in historic drop on chip price falls

The crisis in the memory chip market has been further exacerbated by US sanctions on some chip-related exports to China, hurting demand from some of Samsung's key clients