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Samsung Electronics said Thursday its third-quarter operating profit surged an estimated 782.5 percent from a year earlier to a record 107.4 trillion won ($80 billion), making it the first technology company worldwide to cross the 100 trillion won mark in quarterly operating profit. The milestone puts Samsung alongside Saudi oil giant Aramco, the only other company to have surpassed that threshold, and well above Nvidia’s $63.7 billion operating profit for its fiscal second quarter ended in July
Samsung Electronics’ high-bandwidth memory prices are expected to more than double next year as the industry shifts to HBM4 and tight DRAM supply gives memory-makers more room to raise contract prices, according to KB Securities on Wednesday. HBM is the high-speed memory used alongside advanced AI processors, making it one of the most closely watched parts of the semiconductor market as spending on artificial intelligence infrastructure grows. KB Securities expects Samsung’s HBM selling prices t
S-1 Corp. is a small part of Samsung’s sprawling business empire. But an activist investor’s bid for Samsung affiliates’ stakes in the security company poses the question: When should a conglomerate’s companies sell their holdings in one another? Singapore-based Flashlight Capital Partners brought that question into focus in August, offering 906.6 billion won ($675 million) for the S-1 shares held by five Samsung affiliates: Samsung SDI, Samsung Life Insurance, Samsung Fire & Marine Insurance, S
Samsung Biologics’ labor union is seeking to bring Samsung Electronics into its prolonged wage dispute, demanding direct negotiations on personnel and compensation policies it says the chipmaker effectively controls. The union said Tuesday it had sent a bargaining request to Samsung Electronics, which holds a 30.92 percent stake in the biopharmaceuticals company as its second-largest shareholder. It argues that Samsung Electronics’ influence over those policies qualifies it as an employer under
Samsung Electronics is poised to break the 100 trillion won mark in quarterly operating profit for the first time, as booming memory chip sales drive another record quarter. The company is expected to report third-quarter operating profit of 108.1 trillion won ($80.2 billion), up nearly ninefold from a year earlier, on revenue of 201.7 trillion won, according to brokerage estimates compiled by FnGuide as of Monday. Samsung releases preliminary earnings guidance Thursday. The forecasts imply reve
Samsung Electronics will launch its first artificial intelligence glasses in November, entering a still-nascent wearable AI market where Meta has built an overwhelming early lead with camera-equipped, display-less smart glasses. Samsung first showed the Android XR-based device with Google at Google I/O in May, then revealed more of its design and features at Galaxy Unpacked in London in July. A Samsung official has since confirmed the November launch to The Korea Herald. Pricing has yet to be an
Samsung Electro-Mechanics will spend $5 billion expanding chip package substrate capacity in South Korea and Vietnam, with global customers helping fund part of its new AI-server substrate capacity in Sejong and committing to future volumes. The Samsung Electronics affiliate said Monday it would invest 4.27 trillion won ($3,2 billion) in its Sejong plant through May 2028 to expand production of flip chip-ball grid array substrates, or FC-BGAs, which are used in AI accelerators and other high-per
Samsung is committing $1 billion to a KKR-led AI infrastructure venture, joining Nvidia and other major investors in a push to build data centers and the power systems needed to run them. Six affiliates will invest in Helix Digital Infrastructure, the conglomerate said Tuesday. Samsung Electronics will provide $500 million, with Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance contributing the rest. The deal expands Samsung’s role from supplying A
Samsung SDI is showcasing battery solutions for artificial intelligence data centers at an exhibition in Singapore, including the first display of its cylindrical lithium iron phosphate battery. The South Korean battery maker said Tuesday it is displaying a range of products at Data Centre World Asia 2026, one of Asia’s largest exhibitions covering the full data center ecosystem, from design and construction to operation and management. About 600 companies from around the world are participating
Samsung Electronics is expanding its appliance subscriptions business to corporate customers, as the company says revenue from the segment is nearing 1 trillion won ($740 million), broadening a service that has so far focused mainly on consumers. The company said Monday it will offer subscriptions to public institutions and businesses including hotels, hospitals and financial companies. Corporate customers can spread out the upfront cost of buying appliances and receive up to six years of free a
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