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Samsung Electronics held a dedicated design briefing Thursday for the Galaxy S26 series and Galaxy Buds 4, detailing the thinking behind the design of both products roughly a month after their launch. The session, led by three MX division design executives, covered design ground that the February Galaxy Unpacked event had largely left to AI and software announcements. Lee Ji-young, a senior vice president overseeing Galaxy product design, described the most significant change this generation as
Brokerages are raising earnings forecasts and price targets for Samsung Electronics, citing strong momentum in AI-driven memory demand and growing expectations for long-term supply contracts with major tech firms. On Tuesday, KB Securities raised its 2026 operating profit forecast for Samsung Electronics and set a target price of 360,000 won ($245), one of the highest among local brokerages. Kim Dong-won, head of research at KB Securities, said requests from Big Tech firms for five-year, long-te
Samsung Bioepis said Wednesday it has launched a companywide artificial intelligence training program to build AI expertise tailored to the biopharmaceutical industry. The initiative marks the company’s first organization-wide effort to embed AI as a core capability and improve operational efficiency. As part of the program, Samsung Bioepis has set up an AI training center, dubbed the “AI Academy,” at its headquarters in Songdo, Incheon. Around 1,000 employees will complete at least seven hours
Samsung Electronics posted record-breaking quarterly earnings that far exceeded market expectations, driven by surging demand for AI-related memory chips. The company said Tuesday its preliminary operating profit for the January-March period reached 57.2 trillion won ($38 billion) on revenue of 133 trillion won. Operating profit jumped 755 percent from 6.69 trillion won a year earlier, while revenue rose 68.1 percent from 79.14 trillion won. The surge in earnings has propelled Samsung into the g
Samsung Electronics and LG Electronics are leaning on artificial intelligence and platform strategies as a Sony-TCL alliance is set to intensify competition in the premium TV segment amid slowing global demand. According to industry sources on Monday, Japan’s Sony and China’s TCL plan to launch a joint venture, Bravia, three months after signing a memorandum of understanding in January, with operations expected to begin in April 2027. Under the deal, TCL will handle production and supply chains,
France’s Mistral AI is in talks with Samsung Electronics to secure advanced memory chips, as the startup moves to lock in supply for its expanding AI infrastructure amid tightening global demand, industry sources said Sunday. Mistral AI CEO Arthur Mensch and the company’s top executives visited Samsung’s Hwaseong campus in Gyeonggi Province on Thursday, where they met Jun Young-hyun, vice chairman overseeing the company’s semiconductor business, to discuss cooperation on AI memory. The visit cam
Samsung Electro-Mechanics is reportedly pouring over 1 trillion won ($662.3 million) into capital expenditure for a second consecutive year, concentrating its investment on FC-BGA substrates, a critical component in AI server chips, as demand far outstrips its production capacity. The company's server and data center FC-BGA lines are running at full capacity, yet supply still falls short. CEO Chang Duck-hyun told shareholders at the annual general meeting last month that demand for the product e
Samsung Electronics' $17 billion foundry under construction in Taylor, Texas, has moved into the equipment installation and commissioning phase, with 183 job openings posted at the site as of Thursday, according to the company's careers page and industry sources. The positions span core process engineering roles in lithography, etching, deposition and chemical-mechanical planarization, along with metrology, infrastructure safety and fab planning functions. A review of the postings shows Samsung
Samsung Electronics said Wednesday that it is supplying high-efficiency heat pump air conditioning solutions in large quantities for a major residential redevelopment project in Cornwall, England. The project is set to repurpose a former mining site spanning approximately 2 million square meters in the county. The site will transform into the West Carclaze Garden Village residential community by 2035 with housing, schools, hospitals, and a community center. Samsung Electronics will provide resid
At a media briefing Friday in Seoul, Qualcomm delivered a carefully timed message: It wants to be seen not just as Samsung’s chip supplier, but as a core partner in building Galaxy phones. Chris Patrick, Qualcomm’s senior vice president for mobile handsets, told reporters the two companies work “as one team from the beginning,” co-designing chips years before a Galaxy device reaches the market. It was a polished case for partnership. It also came just weeks after Samsung began reducing its relia
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