Samsung Electronics

SEOUL, South Korea | Samsung to put $22 billion in artificial intelligence, autos

SEOUL, South Korea — Samsung Electronics plans to spend $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison. The announcement Wednesday by South Korea’s biggest business … Continue reading SEOUL, South Korea | Samsung to put $22 billion in artificial intelligence, autos

SEOUL, South Korea | Samsung Electronics misses forecast on lower phone sales

SEOUL, South Korea — Samsung Electronics Co. reported a lower-than-expected gain in the second-quarter earnings Tuesday, indicating an end to its streak of record-breaking financial results as sales of smartphones and display panels slowed while memory chip profit stabilized. The South Korean tech giant said that its April-June net income stood at 10.98 trillion won … Continue reading SEOUL, South Korea | Samsung Electronics misses forecast on lower phone sales

SEOUL, South Korea | Chipmaker SK Hynix reports record-high net profit

SEOUL, South Korea — South Korean chipmaker SK Hynix said Thursday its quarterly net profit surged 75 percent to a record high, as soaring global demand and tight supplies hiked memory chip prices. SK Hynix said its April-June net income was 4.3 trillion won ($3.8 billion), compared with 2.5 trillion won a year earlier. The … Continue reading SEOUL, South Korea | Chipmaker SK Hynix reports record-high net profit

SEOUL, South Korea | Samsung Electronics estimates 56 percent jump in profit

SEOUL, South Korea|April 5, 2018 (AP)(STL.News)Samsung Electronics estimated its first-quarter operating profit jumped 56 percent to a record high, likely because demand for memory chips continued to be robust, outweighing lower display sales to Apple. The South Korean tech giant said in its preliminary earnings report that its January-March operating income was an estimated 15.6 … Continue reading SEOUL, South Korea | Samsung Electronics estimates 56 percent jump in profit

Earnings surge for Samsung Electronics on huge chip profit

SEOUL, South Korea/January 30, 2018 (AP)(STL.News) — Quarterly earnings surged again for Samsung Electronics, thanks to its record-breaking chip business. The South Korean company said Wednesday that its October-December earnings jumped 74 percent to 12 trillion won ($11.2 billion), compared with 6.9 trillion won a year earlier. It was slightly higher than analysts’ consensus of … Continue reading Earnings surge for Samsung Electronics on huge chip profit