Samsung

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Squeezed on land, Samsung wants to put data centres out to sea

As data centres run into unhappy neighbours and water limits on land, Samsung wants to float them offshore. Samsung Heavy Industries plans to launch its first floating data centre by 2028, Seoul Economic Daily reported. It would be a purpose-built barge parked near the coast. The design is specific. Rather than convert an old ship, […]

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Samsung’s Q2 profit jumps 19-fold to 89 trillion won on AI memory demand

Samsung Electronics guided to second-quarter operating profit of about 89.4 trillion won ($58.4bn) on Tuesday, roughly 19 times what it made in the same period a year earlier and, by most counts, the largest quarterly operating profit any technology company has ever reported. It is Samsung’s third consecutive record quarter, and it came in ahead of the roughly 84 […]

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Samsung’s appliance workers plan a rally over the bonuses going to chip staff

The workers who build Samsung’s phones, televisions, and washing machines are about to make their unhappiness visible. Their union says several thousand of them will gather near the company’s Suwon headquarters on 16 July to protest the bonuses their colleagues in the chip division have won, a grievance that has been building since the semiconductor pay […]

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Samsung heads for an 18-fold profit jump as AI memory demand runs hot

Analysts expect around 86 trillion won in second-quarter operating profit, a third straight record, as DRAM and NAND prices climb. Samsung Electronics is on course for one of the strangest earnings comparisons in its history. Analysts expect the company to report second-quarter operating profit of around 86 trillion won, roughly $56bn, when it publishes preliminary […]

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Samsung details $90bn plan for South Korea’s Chungcheong region

Samsung Group has put a number on its next decade of domestic manufacturing: 140 trillion won, or roughly $90 billion, spread across displays, memory chips, batteries and chip-packaging materials in South Korea’s central Chungcheong provinces. Samsung Display chief executive Yi Chung laid out the breakdown on Thursday at an event in Asan hosted by President […]

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This could be our best look yet at Samsung’s new wide foldable

Samsung is expected to unveil its next generation of foldables at a Galaxy Unpacked event next month, but now we know what they might look like, courtesy of some leaked images published by Android Headlines. Images shared by the publication include case designs for two new Galaxy Z Fold 8 models and the Galaxy Z […]

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South Korea bets $880bn to win the AI era

South Korea has placed its biggest bet yet on the AI era. The plan commits at least $880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to survive. President Lee Jae Myung unveiled the […]

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Swatch wants $170m from Samsung over copied watch faces

A London court already found 26 of Samsung’s smartwatch faces infringed Swatch trademarks. Now the two sides are fighting over the bill. The fight between a Swiss watchmaker and the world’s largest phone maker has come down to a number, and the number is $170m. Swatch is asking the High Court in London to make […]

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Samsung will soon start charging to access its smart home API

From October this year Samsung will roll out a variety of new paid tiers for access to its SmartThings API, including a $4.99 monthly plan for “non-commercial, individual developers.” It won’t just be developers that pay the price though. Some more advanced smart home users are likely to fall afoul of the rule change if […]

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Samsung’s $647bn home investment heads for the chip-starved southwest

Numbers in the trillions have a way of losing their edges, so it is worth holding this one still for a moment. Samsung is expected to announce plans to invest 1,000 trillion won, around $647.5bn, in South Korea over the next 10 years, according to local media reports that several outlets carried on 25 June. […]

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