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Apple event expected to feature a slimmer iPhone

Apple is expected to unveil a new lineup of iPhones later this evening, including a thinner "Air" model that could be a precursor to a folding phone next year.

Business • 09 Sep

Tesla signs $16.5 billion chip supply deal with Samsung

Tesla CEO Elon Musk said the US automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business.

Business • 28 Jul

Apple had 19% of the smartphone market, despite flat or declining sales in the US, Europe and China, followed by Samsung

Apple takes top spot for first-quarter smartphone sales

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research shows.

Business • 15 Apr

Samsung Electronics is the world's largest memory chipmaker

Samsung sees Q1 profit beating estimates

Samsung Electronics has flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about US tariffs.

Business • 08 Apr

Samsung Electronics co-CEO Han Jong-hee dies

Samsung Electronics said today that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties.

Business • 25 Mar

Samsung's headquarters in Seoul in South Korea

Samsung warns of slow AI chip sales in first quarter

Samsung Electronics has today warned of sluggish sales of its artificial intelligence chips in the current quarter due to US export restrictions to China, and as it worked towards launching an improved version of its high-end chips.

Business • 31 Jan

Apple's global shipments fell by 4.1% to 76.9 million units in the fourth quarter, while Samsung's shipments dropped by 2.7% to 51.7 million units

Apple, Samsung smartphone shipments fall globally

Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC).

Business • 13 Jan

Attendees walk through an installation highlighting LG's smart TV platform at CES this week

CES - TVs get smarter as makers cater to AI lifestyles

Dazzling televisions that routinely star at the CES in Las Vegas are getting ever smarter with an eye toward being at the heart of AI-centered lifestyles.

Business • 08 Jan

Indonesia has banned sales of smartphones made by Alphabet's Google as well as Apple's iPhone 16 due to rules requiring the use of locally manufactured components

Indonesia bans sales of Google phones, Apple's iPhone 16

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason.

Business • 01 Nov 24

Samsung is the world's largest memory chip, smartphone and TV maker

Samsung apologises for disappointing third quarter profit

Samsung Electronics has warned that its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market.

Business • 08 Oct 24

Epic Games has accused Google and Samsung of conspiring to protect Google's Play store from competition

Epic accuses Samsung, Google of scheme to block rivals

"Fortnite" video game maker Epic Games has today accused Alphabet's Google and Samsung, the world's largest Android phone manufacturer, of conspiring to protect Google's Play store from competition.

Business • 30 Sep 24

It is not clear how many people would be let go and which countries and business units would be most affected.

Samsung Elec plans global job cuts of up to 30%

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters.

Business • 11 Sep 24

Samsung unveils new foldable phone featuring enhanced AI

Samsung has unveiled its latest foldable smartphones, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple's dominance in the premium market.

Business • 10 Jul 24

Samsung flags better-than-expected profit rise on AI boom

Samsung Electronics has today estimated a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago.

Business • 05 Jul 24

Samsung had a 20.8% share of the global smartphone market in the first quarter of this year

Apple loses top phonemaker spot to Samsung, IDC says

Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, new data from research firm IDC shows.

Business • 15 Apr 24

The company is due to release detailed earnings on April 30.

Samsung flags 10-fold rise in first-quarter profit

Samsung Electronics estimated today that its first-quarter operating profit would rise more than 10-fold, topping market expectations, as chip prices have started to rebound from a severe downturn thanks to a boom in artificial intelligence.

Business • 05 Apr 24

The new phones will have two-way voice translation in real-time of a live phone call

New Samsung Galaxy S24 models packed with AI

Samsung's latest premium smartphones, unveiled today, will have multiple AI functions, such as simultaneous translation of foreign language phone calls, in the company's latest push to challenge Apple.

Business • 17 Jan 24

Apple had a 20% share of the smartphone market in 2023, new figures show today

Apple overtakes Samsung as top seller of smartphones

Apple has ended Samsung Electronics' 12-year run as the largest seller of smartphones in the world, after commanding a 20% share of the market in 2023, according to data from International Data Corp.

Business • 17 Jan 24

Annika Bizon has been named as Head of MX Samsung Ireland

Annika Bizon appointed as Head of MX Samsung Ireland

Samsung Electronics UK & Ireland has named Annika Bizon as Head of MX Ireland.

Business • 15 Jan 24

The new LG Signature OLED T TV, a transparent television, is presented at CES in Las Vegas this week

LG and Samsung making TVs disappear - in a way

After years spent dominating living rooms, big flat-screen televisions could start getting out of the way of the decor.

Business • 10 Jan 24

Nokia has signed a new cross-license 5G patent agreement with Samsung

Nokia signs new 5G patent deal with Samsung

Nokia said today it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022.

Business • 23 Jan 23

Samsung launched its new flagship foldable phones during the quarter

Samsung's earnings slump on drop-off in chip demand

Samsung Electronics has flagged a worse than expected 32% drop in quarterly operating earnings, as an economic downturn slashed demand for electronic devices and the memory chips that go in them.

Business • 07 Oct 22

South Korea president pardons Samsung leader Jay Y Lee

South Korea's President Yoon Suk-yeol has pardoned Samsung Electronics Vice Chairman Jay Y Lee, with the justice ministry saying the business leader was needed to help overcome a "national economic crisis".

World • 12 Aug 22

Samsung said its mobile business saw profits weakening amid geopolitical issues, inflation concerns, and higher components and logistics costs.

Samsung warns of weaker chip demand for phones, PCs

Samsung Electronics cautioned chip demand from smartphone and PC makers would weaken further as people shop less, and that the more resilient demand from server clients may also see adjustments amid recession worries.

Business • 28 Jul 22

It said it cannot reveal the deal size or amount at this time.

Samsung in talks with Tesla to supply camera modules

Samsung Electro-Mechanics has said it is in talks with Tesla to possibly supply camera modules.

Business • 08 Jul 22