166 stories mentioning Samsung ElectronicsUpdated 2h ago
Samsung's chip-plant expansions face possible delays after a Seoul-area concrete transport workers' strike suspended deliveries.
Samsung Electronics (KRX:005930) plans to invest in SVIC No. 82, a technology investment fund established by Samsung Venture Investment Corporation, the electronics products maker said.Samsung Electronics will invest 495 billion won, while Samsung Venture will contribute 5 billion won, bringing the fund's total size to 500 billion won, according to its Thursday filing with the Korean bourse.
Samsung Electronics (KRX:005930) plans to invest 297 billion won in SVIC No. 83, a technology investment fund established by Samsung Venture Investment, the electronics products maker said in a Thursday filing with the Korean bourse.Samsung Venture Investment will contribute 3 billion won, bringing the fund's total size to 300 billion won, according to the filing.Shares of Samsung Electronics fell nearly 1% at market close.
South Korean shares extended losses for a third consecutive session Thursday, dragged down by retail selling across technology equities as global investors digested the U.S. Federal Reserve's decision to hold interest rates steady alongside ongoing concerns over artificial intelligence capital expenditure.The Korea Composite Stock Price Index, or Kospi, decreased by 69.68 points, or 1.2%, to end at 5,593.56. The Kosdaq also declined by 17.9 points, or 2.7%, to close at 644.78.Market sentiment was restrained after the U.S. Fed voted 9-3 on Wednesday to maintain the federal funds target rate at 3.5%-3.75%.In economic news, credit card spending in South Korea rose 7.6% to 336.9 trillion won in the April-June quarter from a year earlier, Credit Finance Association data showed.The number of approved card settlements climbed 6% to 7.96 billion in the second quarter from the same period last year.The total card approval amount growth rate rose to 7.6% in Q2 from 7.2% in Q1, while card approval volume growth increased to 6% from 5.1% during the period.Consumption improved on higher income, strong semiconductor demand, and government policies aimed at stabilizing prices and supporting public livelihoods. This helped sustain robust card spending growth.In corporate news, Samsung Electronics (KRX:005930) posted a 1,344% year-over-year jump in attributable net income to 71.3 trillion won in the second quarter from 4.934 trillion won, according to a regulatory filing.Sales surged 130% to 171.5 trillion won in the June quarter from 74.6 trillion won, which the South Korean tech company attributed to strong demand for its memory products amid the artificial intelligence boom.Shares of Samsung fell nearly 1% at market close.
Samsung Electronics (KRX:005930) forecasts more severe chip supply shortage in 2027, with the trend continuing through 2028, executive vice president of memory business Jaejune Kim said in a Thursday conference call.The company has secured multi-year supply deals with the top five global data center customers and is in final stages of talks with five unnamed major companies, Kim said in the call discussing second-quarter results.The long-term deals are based on five-year terms and will make up 60% to 70% of the company's long-term total capacity, the executive said.
Samsung Electronics (KRX:005930) posted a 1,344% year-over-year jump in attributable net income to 71.3 trillion won in the second quarter from 4.934 trillion won, according to a regulatory filing on Thursday.Sales surged 130% to 171.5 trillion won in the June quarter from 74.6 trillion won, which the South Korean tech company attributed to strong demand for its memory products amid the artificial intelligence boom.Shares of Samsung rose nearly 7% in recent trade.
Samsung Electronics (KRX:005930) reported a 1,344% year-over-year surge in attributable net profit in the second quarter as revenue more than doubled, owing to strong demand for its memory products amid the artificial intelligence boom.Net profit attributable to shareholders jumped 14-fold in the second quarter to 71.27 trillion won from 4.934 trillion won a year earlier, according to a filing with South Korea's Financial Supervisory Service on Thursday.Earnings per share for both common and preferred shares rose 52% to 10,849 won, according to a separate press release the same day.The South Korean tech company posted a 130% year-over-year jump in revenue to 171.5 trillion won from 74.57 trillion won a year prior.Operating profit skyrocketed 1,814% to 89.5 trillion won from 4.68 trillion won.Samsung said the results were primarily driven by its Device Solutions (DS) unit, which posted a 57% quarter-over-quarter increase in sales as its Memory Business set an all-time high for quarterly revenue and operating profit."The Memory Business achieved another record-breaking quarter by proactively addressing AI demand despite limited capacity with a primary focus on server products. The continued industry-wide upward trend of prices also contributed to the record earnings," Samsung said.The Device eXperience (DX) division, which covers its consumer-facing products like smartphones, TVs and appliances, posted a 9% quarterly drop in sales due to higher component costs.The company expects rising material costs and soft consumer demand to persist in the second half. However, for the same period, Samsung expects "double-digit revenue growth" amid rising demand for its chips from customers in the US and China.The company plans to ramp up production of new mobile products based on the second-generation 2nm process in the second half.Samsung's shares are down more than 1% in early-morning trade in Seoul Thursday.
South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.
Shares of ChangXin Memory Technologies (SHA:688825) surged 466% on their Shanghai Stock Exchange debut Monday, propelling the DRAM chipmaker past Industrial and Commercial Bank of China (SHA:601398, HKG:1398) to become the most valuable company listed in the mainland.The stock opened at 49.50 yuan on the STAR Market, versus an IPO price of 8.66 yuan, lifting CXMT's market capitalization to 3.311 trillion yuan in the first minutes of trade, sharply up from the 579.2 billion yuan implied during the IPO process.At the closing price of 49 yuan, CXMT is now valued at 3.278 trillion yuan, topping ICBC's 2.63 trillion yuan market capitalization, according to FactSet data obtained by.CXMT is the world's fourth-largest DRAM maker next to Samsung Electronics (KRX:005930), SK hynix (KRX:000660) and Micron.Jefferies analysts expect CXMT's market share gain to accelerate as the global supply of memory "is unlikely to ease in the coming years."For the first half of 2026, CXMT expects to book 50 billion yuan to 57 billion yuan in attributable profit, versus a net loss of 2.33 billion yuan a year earlier.Revenue is projected to skyrocket 613% to 677% year over year, ranging between 110 billion yuan and 120 billion yuan.Following CXMT's blockbuster listing, Shanghai shares rose 1.2%, while the tech-heavy Shenzhen bourse jumped 2.7%.Reuters reported earlier, citing analysts at HSBC Qianhai Securities, that the IPO is likely to divert capital away from the broader market both ahead of and during its first trading session.Meanwhile, analysts at Morningstar said in a note on Friday that while AI is increasingly becoming a national security issue for China, CXMT looks set to benefit from the AI boom.
South Korean stocks rallied on Monday, led by technology shares, as a halt in Middle East hostilities lifted investor sentiment.The U.S. and Iran paused strikes in recent days, raising hopes of another possible ceasefire and pushing Brent and West Texas Intermediate (WTI) crude prices down nearly 5% after last week's rally. Meanwhile, the U.S. 10-year Treasury yield remained near 4.7% ahead of the Federal Reserve's interest rate decision on Wednesday.The Korea Composite Stock Price Index, or Kospi, increased by 65.13 points, or nearly 1%, to end at 6,755.75. The Kosdaq also rose by 16.64 points, or 2.2%, to close at 764.86.In corporate news, Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.Shares of Samsung Electronics added nearly 2% at market close.In other news, SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.Shares of SK Hynix increased more than 3% at market close.Additionally, Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance.Shares of Naver jumped nearly 9% at market close.
South Korean technology companies led by Samsung Electronics (KRX:005930) and SK Group unveiled artificial intelligence partnerships worth a combined $950 billion with Nvidia, Broadcom and other U.S. companies on Friday.The announcements came at an AI investment summit in San Francisco hosted by South Korean President Lee Jae Myung.About 230 business leaders attended the event, including Samsung Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Nvidia Chief Executive Jensen Huang, OpenAI Chief Executive Sam Altman and Anthropic Chief Executive Dario Amodei.The $950 billion total stems from two massive semiconductor supply and manufacturing agreements. Samsung signed a five-year, $200 billion memorandum of understanding with Broadcom to provide high-bandwidth memory (HBM) chips for AI data centers alongside advanced foundry services.SK Group committed to $750 billion in long-term advanced memory supply cooperation with global tech companies. This includes a $500 billion-plus letter of intent with Nvidia spanning AI infrastructure and next-generation memory development. Additionally, SK Telecom (KRX:017670) will procure Nvidia's latest computing platforms to develop AI data centers with up to 2 gigawatts of power capacity.Separately from the semiconductor deals, Naver (KRX:035420) expanded its partnership with Nvidia, securing a $1 billion investment from the U.S. chipmaker and up to $9 billion from Canadian investment firm Brookfield to support AI data centre projects in South Korea.The South Korean government said the agreements support its strategy to position the country as a global AI production base by combining its semiconductor expertise with the technology and capital of leading U.S. companies.South Korea will "become a global hub by going beyond supply to create dynamic new markets where the world can grow together through the fastest and best utilization of AI," Lee said in the San Francisco AI Declaration.He added that the country aims to "leap forward as a key nation in the irreplaceable global AI supply chain."The announcements come as South Korea accelerates investment in AI infrastructure. In June, Samsung and SK Hynix announced plans to invest a combined 800 trillion won in four semiconductor plants.
Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance, the release said.The long-term partnership was disclosed during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) also disclosed partnerships with US firms.Shares of Naver added over 7% in recent trade.
SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.The long-term partnership, amounting to $500 billion, was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and Naver (KRX:035420) also announced partnerships with US firms.Shares of SK Hynix fell more than 1% in recent trade. Shares of Samsung Electronics declined nearly 1%, while those of Naver added over 9%.
Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.The five-year partnership was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms SK hynix (KRX:000660) and Naver (KRX:035420) also announced partnerships with US firms.Shares of Samsung fell over 1% in recent trade.
Samsung Electronics (KRX:005930) and US-based semiconductors and infrastructure software firm Broadcom signed a memorandum of understanding to expand their collaboration across memory and foundry technologies, the South Korean electronics products maker said in a Saturday release.The collaboration is expected to support next-generation AI infrastructure. The partnership is expected to surpass $200 billion across the memory and foundry businesses over the next five years through 2030, the release said.The partnership will see Samsung Electronics supplying high-bandwidth memory for Broadcom's next-generation AI accelerators and expanding foundry cooperation using the former's 2-nanometre and below process technologies. These would include advanced 2.3D and 2.5D packaging for AI and networking chips, it said.
South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.
Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Samsung (KRX:005930) is currently reviewing a treasury share repurchase for stock-based compensation linked to the current year's management performance, though no specific decisions regarding schedule or scale have been finalized.The company issued this clarification in response to a June 24 Munhwa Ilbo report claiming a 90 trillion won three-year phased buyback plan had been approved by the board, according to a bourse filing on Thursday.While the review remains active, all reported details remain speculative until formally determined, the filing read.
South Korean shares closed sharply higher for a third consecutive day, driven by a rally in technology shares after Alphabet's strong second-quarter earnings.The Korea Composite Stock Price Index, or Kospi, increased by 299.19 points, or 4.4%, to end at 7,096.89. The Kosdaq also rose by 39.19 points, or 5.2%, to close at 790.28.Shares of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) gained nearly 4% and 5%, respectively, at market close.In economic news, South Korea's GDP grew 3.7% year over year in the second quarter, according to advance estimates released by the Bank of Korea on Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.In corporate news, Samsung Heavy Industries (KRX:010140) signed a memorandum of understanding with U.S. nuclear power plant design firm Sargent & Lundy to develop a floating small modular reactor standard platform.Shares of Samsung Heavy Industries jumped over 9% at market close.
Samsung Electronics Co (KRX:005930) introduced its latest Galaxy Z series on Thursday, unveiling the Z Fold8, Z Fold8 Ultra, and Z Flip8, according to a company statement.CEO TM Roh said the launch is part of an effort to make foldables more accessible while advancing the integration of artificial intelligence in mobile devices.Samsung's shares rose nearly 3% in recent trade.
South Korean technology leaders, including Samsung Electronics' (KRX:005930) Chairman Jay Y Lee, SK Group Chairman Chey Tae-won and Naver (KRX:035420) Founder Lee Hae-jin are expected to meet Nvidia CEO Jensen Huang in the US this week, Pulse News reported Wednesday, citing people familiar with the matter.The meeting, expected to be held in Silicon Valley on Friday, may also see participation from OpenAI chief executive Sam Altman and Anthropic chief executive Dario Amodei.The planned gathering is said to be one of a kind, uniting top executives across the AI industry, including memory chips, semiconductors, AI processors, and generative AI services.Samsung Electronics, SK Group and Naver did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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