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Samsung Electronics has reportedly secured long-term supply agreements covering about 80 percent of its planned memory chip production for 2027, strengthening its earnings outlook despite growing concerns over the sustainability of the artificial intelligence investment boom, according to KB Securities. "Samsung is estimated to have already secured approximately 80 percent of its planned memory production for 2027 through long-term supply agreements," said Kim Dong-won, head of research at KB Se
US genomics technology firm Element Biosciences, backed by Samsung Electronics as its largest shareholder, is kicking off a global road show in Seoul on Tuesday to showcase its latest DNA sequencing and multiomics technologies. Founded in San Diego in 2017, Element develops genomic analysis technologies aimed at improving accuracy and lowering costs. The company entered the market in 2022 with its AVITI DNA sequencing system. Samsung joined Element's Series D funding round in July 2024, contribu
Samsung Bioepis said Tuesday it has secured a 10-year deal to exclusively supply its rare disease biosimilar SB12 to Brazil's public health system, strengthening its foothold in Latin America's largest pharmaceutical market. The South Korean biopharmaceutical company formed a consortium with Brazilian drugmaker Bionovis and state-run laboratory Bahiafarma under Brazil's Productive Development Partnership program. Starting in 2027, Samsung Bioepis will supply SB12, a biosimilar of the rare diseas
South Korea's leading display-makers are preparing fresh investments in advanced organic light-emitting diode production as Apple expands the technology into laptops, tablets and monitors, creating new growth opportunities in the premium display market. Apple is expected to unveil an OLED touchscreen MacBook Pro and an OLED-equipped iPad Mini later this month, with Samsung Display reportedly supplying all initial panels for both products, according to industry officials. The launches would mark
Samsung Electronics is committing more than $22.8 million to workforce development and community programs in Central Texas as rival TSMC explores a potential chip plant in the state, raising the stakes in the competition for skilled semiconductor workers. Samsung Austin Semiconductor announced the investment at its “Made in Texas: Boundless Opportunity” event, unveiling new technical training and internship programs aimed at building a local talent pipeline for its expanding operations in Austin
Samsung Electronics Chairman Lee Jae-yong reportedly met with five top executives in Tokyo this week, fueling speculation over the company's semiconductor strategy in Japan and broader business priorities. According to industry sources Thursday, the executives traveled to Tokyo on Tuesday to meet Lee, who was already in Japan. The group included Vice Chairman Chung Hyun-ho, a longtime confidant of Lee; Park Hark-kyu, head of Samsung's business support office; Jun Young-hyun, head of the Device S
Samsung Electronics outlined plans to improve AI data center performance through faster memory, expanded capacity and more efficient storage at the Open Compute Project Global Summit 2026 in San Jose, California, the company said Tuesday. The Korean chipmaker showcased its latest high-bandwidth memory, including eighth-generation HBM5, custom HBM solutions, and processing-in-memory technology designed to accelerate data processing and improve power efficiency. Samsung also highlighted Compute Ex
Samsung SDS has agreed to acquire South Korean air cargo consolidator Woojung Air Consolidation, seeking to strengthen its freight forwarding operations through Incheon Airport. The IT services and logistics company signed a share purchase agreement Monday to acquire a 100 percent stake in Woojung Air, with the transaction expected to close by year-end, according to industry sources. Founded in 1999, Woojung Air specializes in consolidating smaller shipments into larger loads and securing cargo
Samsung affiliates plan to invest a combined 12.26 trillion won ($9.15 billion) in chip operations, directing nearly 8 trillion won to Vietnam while expanding high-end production capacity in South Korea. Samsung Electronics plans to invest 105.79 trillion Vietnamese dong ($4.09 billion) in memory chip testing facilities at Yen Binh Industrial Park in Thai Nguyen, northern Vietnam, according to an investment plan submitted to local authorities. The first production line is scheduled to start oper
“We will not pass the full (cost) increase on to consumers,” Samsung Electronics co-CEO Roh Tae-moon told reporters in London in July as he unveiled the latest Galaxy foldables. Two weeks later, the Z8 series drew a record 1.44 million preorders in Korea. But by October, Samsung was raising prices on seven-month old Galaxy S26 phones by nearly 150,000 won ($112) in Korea and $100 to $200 in the US. Then came Thursday's earnings. Samsung projected record third-quarter operating profit of 107.4 tr
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