Samsung Electronics Co., Ltd. (SSU.DE)
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AFPSamsung says Q1 operating profits soar nearly tenfold on-year
Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.- Focus on AI - South Korean chipmakers, led by Samsung, enjoyed record profits in recent years as prices for their products s
AFPSamsung returns to top of the smartphone market: industry tracker
Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday."While Apple managed to capture the top spot at the end of 2023, Samsung successfully reasserted itself as the leading smartphone provider in the first quarter," Reith said.
AFPUS to grant Samsung up to $6.4 bn for chip plants
The United States announced on Monday grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas.- 'Made in America' - Under the latest agreement, Samsung will not only build a new facility to produce advanced chips but also expand its existing facility in Texas, according to the Department of Commerce.
