Samsung profits tank 95 per cent as chip demand dwindles July 27, 2023 Samsung experienced a 95 per cent plunge in profit during their second quarter, causing shares to drop over three per cent on Thursday. The Korean electronics company reported an operating profit of 670bn Korean won (£407m) for the three months ending 30 June, its lowest in 14 years, and significantly down from the 14.1t (£8.5bn) [...]
UK government’s letter to Visa, Deloitte and Allianz prompts rebuke from Olympic chiefs March 14, 2023 Olympic chiefs have issued a rebuke to the UK government over its lobbying of sponsors including Visa, Deloitte and Allianz for Russia to remain banned from sport. The UK has been among the most vocal and active opponents of the International Olympic Committee’s plan to lift the suspension of Russia and its ally Belarus. Culture [...]
Samsung committed to investing in semiconductors despite crash in demand for consumer gadgets January 31, 2023 Samsung Electronics will continue investing in the production of computer chips, despite profits from sales of the computer component sinking to their lowest since 2009. The world’s largest chipmaker reported £178bn (270bn won) in fourth-quarter semiconductor earnings on Tuesday, down from 8.83 trillion won from the same period last year. Samsung said demand has significantly [...]
Samsung braces for biggest profit slump in years as consumer tech demand dries up October 6, 2022 Samsung Electronics could be swallowing its biggest profit slump in nearly three years in the third quarter, as a global economic crunch weighs on demand for consumer tech. The Korean technology giant may have had its profit dwindle by 25 per cent to $8.3bn (£7.3bn) in the three months to September, according to analysis by [...]
Samsung to double production capacity of advanced chips by 2027 October 4, 2022 Samsung Electronics has announced that it will double the production capacity for advanced chips by 2027, as the world goes continues to wrestle with a tight supply. The Korean chipmaker is looking to capitalise on the strong demand for computer chips, which are used in most of today’s technology – from smartphones to cars. “There [...]
When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
45 per cent of Brits with disabilities admit to concealing them in the workplace to avoid being ‘valued less’ May 20, 2022 Britain is a country uncomfortable speaking about workplace disabilities with almost 45 per cent of those with one concealing it, according to new figures published by Samsung. Research shared by the electronics firm this week firm found almost half of 2,500 people polled did not feel OK using the word ‘disabled’, while 40 per cent [...]
Booming chip demand sees Samsung’s earnings jump 50 per cent April 7, 2022 Samsung Electronics posted an estimated 50 per cent jump in quarterly operating earnings this morning following strong demand for its products.
Saturday review: Samsung has created a compelling experience with new S22 February 12, 2022 Samsung’s new flagship smartphone, which combines features from its two biggest ranges for the first time, is the result of the tech giant listening to the customer to create a compelling experience. On Wednesday, the phone maker unveiled the S22 range, which includes the S22 Ultra, the top-of-the-line device which includes Samsung’s S-Pen stylus built [...]
