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Samsung Electronics

KRX:005930
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209 stories mentioning Samsung ElectronicsUpdated 6h ago

Samsung's chip-plant expansions face possible delays after a Seoul-area concrete transport workers' strike suspended deliveries.

What's the latest news on Samsung Electronics?

Asia

Asian AI Stocks Plunge on CEOs' Calls for Slowdown in Development

Asian artificial intelligence-linked stocks fell Monday after AI leaders called for a slower and safer pace of development and additions of guardrails.Japan's Softbank (TYO:9984), an investor of OpenAI, slumped 11% during the close of trade on Monday. Chipmaker Kioxia (TYO:285A) slid 6%, while Tokyo Electron (TYO:8035) fell 1%.Taiwan Semiconductor Manufacturing Corp. (TPE:2330) closed 1% lower.South Korean chipmaking giant SK Hynix (KRX:000660) tumbled 6% and Samsung (KRX:005930) slid 4%.In China, Zhongji Innolight's Hong Kong shares (HKG:3008) plunged 9%, while its Shenzhen (SHE:300308) shares declined 5%. Changxin Memory Technologies (SHA:688825) also slid 4%. Semiconductor Manufacturing International Corp.'s (HKG:0981, SHA:688981) Hong Kong and Shanghai shares fell 3%.Z.ai or Knowledge Atlas Technology (HKG:2513) fell 9%, while Minimax (HKG:0100) slid 7%.The plunge comes after Anthropic co-founder Dario Amodei called on AI companies to slow the pace of development, according to a blog post released on X on Saturday. SpaceXAI's Elon Musk and OpenAI CEO Sam Altman agreed with Amodei.Altman also said his company will not proceed with IPO plans due to safety concerns.

HKG:0100HKG:0981HKG:2513HKG:3008KRX:000660KRX:005930SHA:688825SHA:688825HKG:0981SHA:688981SHE:300308TPE:2330TYO:285ATYO:8035TYO:9984
Asia

Market Chatter: SK Hynix, Samsung Electronics Decline KEPCO's Five-Year Electricity Bill Prepayment Plan

SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930) have declined Korea Electric Power's (KRX:015760) proposal to prepay five years of electricity bills, Yonhap News reported Monday, citing industry sources.The South Korean power company proposed a 20 trillion won prepayment from Samsung and 5 trillion won from SK Hynix, based on their electricity payments last year.SK Hynix declined to comment, while Samsung Electronics and Korea Electric Power 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.)

KRX:000660KRX:005930KRX:015760
Asia

Samsung Electronics Chairman Lee to Purchase KRW1.937 Trillion Worth of Company Shares from Mother Hong Ra-hee

Samsung Electronics (KRX:005930) Chairman Lee Jae-yong plans to purchase 7,188,793 shares at 269,500 won each from mother Hong Ra-hee, bringing the total purchase price of the shares acquisition to 1.937 trillion won, according to a company filing on Wednesday.The figure 269,500 won is based on the closing price on the business day prior to the report submission date, which was Tuesday, Sept. 8.The transaction is expected to take place on Oct. 12, the filing said.Shares of Samsung Electronics fell over 1% in recent trade.

KRX:005930
Asia

Market Chatter: Samsung-Backed MangoBoost Seeks Series B Funding as it Turns Profitable

Data center infrastructure startup MangoBoost, backed by Samsung (KRX:005930), is seeking Series B funding to expand into the UAE and Japan after achieving profitability, Bloomberg News reported on Wednesday, citing CEO Jangwoo Kim.Kim declined to disclose fundraising details or valuation expectations but said the company has raised over $100 million cumulatively to date, the news wire said.The company aims to prove it builds the world's most cost-effective data centers, Kim said in a Bloomberg Television interview on Wednesday.(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.)

KRX:005930
Asia

Market Chatter: Samsung Electronics, OpenAI to Deepen Cooperation on Joint Production of Next-Gen Chips

Samsung Electronics (KRX:005930) and OpenAI will deepen cooperation on joint production and research of next-generation chips, as the ChatGPT maker expands its partnership across semiconductors and enterprise AI services, Reuters reported Wednesday, citing OpenAI Korea General Manager Harrison Kim.The ChatGPT maker, which develops its own chips, said Samsung is one of the largest-scale users of ChatGPT globally, with employees using the service across research and development, marketing, and sales.(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.)

KRX:005930
Asia

Market Chatter: Samsung Opens Yokohama AI Chip Packaging Lab to Boost Japan Collaboration

Samsung Electronics (KRX:005930) has launched an AI chip packaging research center in Yokohama to speed development through collaboration with Japanese back-end manufacturing leaders, Nikkei Asia reported Wednesday.The 6,600-square-meter Advanced Package Lab includes a clean room replicating actual production conditions and will employ 95 researchers from both countries, the news agency said, citing the company.The facility, backed by 40 billion yen in investment including 22.5 billion yen in Japanese government subsidies, focuses on advanced packaging materials and mass-production methods, the publication said.Samsung said the lab will strengthen Korea-Japan tech cooperation and drive next-generation packaging growth, with 15 major local suppliers attending the opening, the report said.Samsung shares were up over 1% in recent trade.(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.)

KRX:005930
Asia

Samsung Electronics Leads Mistral's Latest EUR3 Billion Funding Round

Samsung Electronics (KRX:005930) led the latest funding round amounting to 3 billion euros of private technology company Mistral, which boosted its valuation to 21 billion euros, according to a Tuesday release.The funding round marks the largest equity fundraising recorded by a European technology company. Other co-leads in the round include Scaleup Europe Fund and PSG Equity.The company will use proceeds from the round to grow its frontier research by scaling its computer capacity for training powerful models, boosting infrastructure, and accelerating its commercial growth and international network.

KRX:005930
Asia

Samsung Electronics, ASML Expand Strategic Partnership on Advanced Semiconductor Manufacturing

Samsung Electronics (KRX:005930) said it has expanded its strategic partnership with the Netherlands-based semiconductor manufacturer ASML, deepening the partnership on high NA EUV lithography and advanced semiconductor manufacturing technologies.The South Korea-based tech company said that under the partnership, it will join an industry initiative to develop a 12-inch photomask platform for High NA EUV, moving beyond the 6-inch format used for decades.The transition to larger masks is expected to increase fab productivity, lower chipmaking costs, and remove stitching constraints, paving the way for future cost-effective chips.

KRX:005930
Asia

South Korean Shares Hit Five-Week High on Chip Stock Gains; Samsung Adds 6%, SK Hynix Jumps 8%

South Korean shares jumped nearly 5% at at Monday's close, hitting a five-week high, as OpenAI launched its next‑generation AI model, which lifted demand for AI‑related and semiconductor stocks.The Korea Composite Stock Price Index, or Kospi, increased by 308.18 points, or 4.6%, to close at 6,995.39. The Kosdaq also rose by 8.69 points, or 1.1%, to close at 822.19.Shares of market bigwigs Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added 6% and over 8% at market close.In corporate news, CS Wind (KRX:112610) secured a contract worth roughly 151 billion won with Vestas American Wind Technology on Friday for the supply of wind turbine structures. The order is valid until July 2, 2027.Shares of CS Wind gained 4% at market close.LG Electronics (KRX:066570) denied media reports that its U.S. unit Bear Robotics is seeking a Nasdaq listing, saying no decision has been made and that it will issue a follow‑up disclosure once details are finalised or within one month.LG shares jumped more than 6% at the close.

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Asia

South Korean Shares Close Higher as Oil Prices Ease on Trump's Iran Remarks

South Korean shares closed higher on Thursday, supported by easing oil prices after U.S. President Donald Trump downplayed the prospect of a prolonged military conflict with Iran. Investors weighed the risk of renewed US-Iran military strikes disrupting crude supplies from West Asia.Brent crude futures fell 43 cents, or 0.45%, to $95.20 a barrel, while West Texas Intermediate (WTI) crude futures declined 24 cents, or 0.26%, to $90.77. The latest attacks marked the most substantial exchange of fire between the US and Iran since July, with the conflict now in its seventh month.The Korea Composite Stock Price Index, or Kospi, increased by 16.76 points, or 0.3%, to close at 6,579.48. The Kosdaq fell by 13.77 points, or 1.7%, to close at 790.21.In corporate news, Samsung Fire & Marine Insurance (KRX:000810) and Samsung Life Insurance (KRX:032830) plan to take over London-based reinsurance firm Canopius by purchasing an additional 50% stake for more than 2 trillion won, the Korea Economic Daily reported Thursday.The two Samsung affiliates currently hold a combined 40% stake in Canopius. The firms are expected to fund the stake purchase with dividends from Samsung Electronics (KRX:005930), which had reported record operating profit in the second quarter, according to the report.The two firms are expected to sign a deal with major shareholders, including asset manager Centerbridge Partners, the report said, citing unnamed industry sources.The Samsung affiliates said that no decision has been made, while Samsung Life said it was reviewing investment opportunities, both at home and abroad, to identify new growth drivers, without reaching any specific decision on a possible equity investment in a U.S. insurer, the report said.Samsung and Canopius did not immediately respond to' request for comment.Shares of Samsung Fire & Marine Insurance jumped nearly 7% at market close, while those of Samsung Life Insurance added 3%.In other news, SK Oceanplant (KRX:100090) received an order worth 592.9 billion Korean won from an undisclosed Greek shipowner.The contract is for building six 115,000-DWT-class crude oil tankers, according to a Thursday filing with the Korean Exchange.The contract runs from Aug. 28, 2026, to June 30, 2030.Shares of SK Oceanplant added 8% at market close.

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Asia

Market Chatter: Korea Electric Power Seeks KRW25 Trillion Fee Prepayments From Samsung Electronics, SK Hynix

Korea Electric Power (KRX:015760) has suggested electricity fee prepayments of 25 trillion won from Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), The Chosun Daily reported Thursday, citing a source and internal documents.The prepayments, composed of 20 trillion won for Samsung Electronics and 5 trillion won for SK Hynix, will cover fees in the next five years, with the parties currently discussing terms such as interest rates, the report said.The prepayments would help fund power grid construction for the Yongin and Hong semiconductor clusters and ease KEPCO's 210 trillion won debt burden, the report said.Korea Electric Power, Samsung Electronics and SK Hynix did not immediately respond to' request for comment.(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.)

KRX:000660KRX:005930KRX:015760
Asia

Market Chatter: Samsung F&M Insurance, Samsung Life Plan to Acquire Canopius

Samsung Fire & Marine Insurance (KRX:000810) and Samsung Life Insurance (KRX:032830) plan to take over London-based reinsurance firm Canopius by purchasing an additional 50% stake for more than 2 trillion won, the Korea Economic Daily reported Thursday.The two Samsung affiliates currently hold a combined 40% stake in Canopius. The firms are expected to fund the stake purchase with dividends from Samsung Electronics (KRX:005930), which had reported record operating profit in the second quarter, according to the report.The two firms are expected to sign a deal with major shareholders, including asset manager Centerbridge Partners, the report said, citing unnamed industry sources.The Samsung affiliates said that no decision has been made, while Samsung Life said it was reviewing investment opportunities, both at home and abroad, to identify new growth drivers, without reaching any specific decision on a possible equity investment in a U.S. insurer, the report said.Samsung and Canopius did not immediately respond to' request for comment.Shares of Samsung Fire & Marine Insurance jumped nearly 4% in recent trade, while those of Samsung Life Insurance added nearly 3%. Shares of Samsung Electronics rose over 1%.(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.)

KRX:000810KRX:005930KRX:032830
Asia

South Korean Shares Gain Marginally on Tech Gains; Samsung, SK Hynix Add Over 1%

South Korean shares gained marginally on technology stocks' gains after hawkish comments from Federal Reserve Chair Kevin Warsh dragged markets lower earlier in the day. Major market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 1% at market close.The Korea Composite Stock Price Index, or Kospi, increased by 31.14 points, or 0.5%, to close at 6,820.02. The Kosdaq fell by 4.12 points, or 0.5%, to close at 834.29.In economic news, South Korea's all industry production index, which measures output across the mining, manufacturing, services and construction sectors, was steady in July from a month earlier, according to data released by Statistics Korea on Monday.The index compared with a 2.4% increase in June and stood at 120.2 points based on a 2020 benchmark of 100.On an annual basis, the all-industry production index rose 3.1%, softer than the 4.4% growth in the previous month.In corporate news, Samsung Biologics (KRX:207940) said its Switzerland-based unit, Samsung Peptide, has published the prospectus for its public tender offer for PolyPeptide Group, according to a Monday release.The offer includes 44.31 Swiss francs in cash per PolyPeptide share, implying an equity value of about 1.46 billion francs, and represents a 40% premium to the unaffected share price.The offer is expected to run between Sept. 15 and Oct. 12, subject to a minimum acceptance threshold, and the largest individual shareholder, Draupnir Holding, with about a 55.65% stake, has committed to tendering all its shares.Shares of Samsung Biologics rose more than 2% at market close.In other news, Samsung Heavy Industries (KRX:010140) secured a 444.5 billion won contract to build two container ships for an unnamed African buyer, according to a filing with the Korean bourse on Monday.The contract is valid from Aug. 28, 2026, to Dec. 27, 2028. Payment will be made as construction progresses, the filing said.Shares of Samsung Heavy Industries fell more than 1% at market close.

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Asia

South Korean Shares Close Lower on Tech Sell-Offs, Potential US Tariffs on Chip Firms

South Korean shares closed lower on Friday, snapping a three-day winning streak as investors sold technology heavyweights amid external uncertainties, including concerns over the Trump administration considering a new round of sweeping tariffs on semiconductors.Shares of major market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) fell over 3% and 4%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 123.49 points, or 1.8%, to close at 6,788.88. The Kosdaq rose by 0.76 points, or 0.09%, to close at 838.41.In corporate news, Samsung Biologics (KRX:207940) plans to issue 2.27 million new common shares at a par value of 2,500 won per share through a general public offering of forfeited shares after shareholder allotment, bringing the total value of the allotment to 5.68 billion won.Funds raised via the issuance will be used primarily to acquire securities issued by other corporations, with 294.8 billion won allocated for facility investment, according to a Friday filing with the Korea Exchange.Shares of Samsung Biologics fell nearly 7% at market close.In other news, Kyobo Securities (KRX:030610) has increased its borrowings by 2 trillion won, according to a Thursday filing with the Korea Exchange.The securities company carried out the transaction by increasing the issuance limit of commercial paper and short-term bonds to 4 trillion won from 2 trillion won.The additional borrowings will support an increase in the company's operating funds.Shares of Kyobo Securities rose nearly 1% at market close.

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Asia

South Korean Shares Close Over 1% as Nvidia Earnings Lift Sentiment Despite BOK's Rate Hike

South Korean shares closed over 1% higher on Thursday, lifted by stronger‑than‑expected Q2 earnings from U.S. tech giant Nvidia, even as the Bank of Korea raised interest rates for a second straight time.The Korea Composite Stock Price Index, or Kospi, increased by 104.16 points, or 1.53%, to close at 6,912.37. The Kosdaq also rose by 10.78 points, or 1.3%, to close at 837.65.Nvidia reported Q2 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, while non-GAAP diluted earnings per share came in at $2.22, up 120% from $1.01 in the year-ago period.In economic news, the Bank of Korea raised its benchmark interest rate by 25 basis points to 3% on Thursday, broadly in line with market expectations.The Monetary Policy Board decided to lift the base interest rate from its previous level of 2.75% as inflation is projected to exceed its target level "for a considerable period."The move follows the BOK's rate hike in July, which marked its first increase in over three years.In corporate news, Samsung Electronics (KRX:005930) said it will look into all potential countermeasures, including an appeal, to a U.K. High Court's order of an $11.6 million payment in damages to Swatch Group, The Korea Times reported Thursday, citing a statement.The ruling stemmed from a damages suit over Samsung hosting smartwatch face designs copying Swatch brands on its Galaxy app store, the report said.Swatch had originally sought $170 million in damages, while Samsung said it earned only $300 from hosting the designs, the report added.Shares of the chipmaker added nearly 2% at market close.

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Asia

Market Chatter: Samsung Electronics to Assess Countermeasures to Court Order Over Swatch Group Damages Suit

Samsung Electronics (KRX:005930) will look into all potential countermeasures, including an appeal, to a U.K. High Court's order of an $11.6 million payment in damages to Swatch Group, The Korea Times reported Thursday, citing a statement.The ruling was for a damages suit that looked into how much the South Korean consumer electronics company should pay for hosting smartwatch watch face designs copying Swatch brands on its Galaxy app store, the report said.Swatch Group originally asked for $170 million in damages, while Samsung Electronics previously said it only gained $300 from hosting the designs, according to the report.Samsung Electronics did not immediately respond to' request for comment.(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.)

KRX:005930
Asia

Samsung Ordered to Pay Swatch $11.6 Million in UK Trademark Lawsuit

The High Court of England & Wales has ordered Samsung Electronics (KRX:005930) to pay $11.6 million to the Swatch Group, ruling that the company had infringed the Swiss company's trademarks.A spokesperson from Swatch Group confirmed the ruling to, saying, "Samsung repeatedly attempted to downplay the scale and significance of the infringements by trivializing the compensation owed to the Swatch Group's well-known brands."The ruling covers 10 of Swatch Group's brands including Tissot, Omega and Longines, with the court finding that Samsung infringed the trademarks on its smartwatches and within the Galaxy App Store between October 2015 and February 2019.Separate legal proceedings brought by the same 10 brands against Samsung remain pending in the US before courts in New York.Samsung's shares rose 3% in early-morning trade in Seoul on Thursday.

KRX:005930
Asia

South Korea's Kospi Rises on Chipmakers' Buybacks, Investors Await Nvidia Earnings

South Korean shares closed higher for a second day on Wednesday, lifted by buybacks at SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930) and firmer external sentiment as investors awaited Nvidia's earnings.The Korea Composite Stock Price Index, or Kospi, increased by 65.47 points, or 0.97%, to close at 6,808.21. The Kosdaq, however, fell by 0.28 points, or 0.03%, to close at 826.87..Shares of SK Hynix and Samsung Electronics added nearly 1% and 2% at market close.In economic news, the Composite Business Survey Index (CBSI) for South Korean enterprises increased by 1.1 points to 99.6 in August, according to data from the Bank of Korea on Wednesday.A print above 100 indicates optimism, while a reading below suggests negative sentiment. The latest reading compared with 98.5 points recorded in the previous month.Within the manufacturing sector, the index edged up 0.6 points to 103.8, while the index for the non-manufacturing sector rose 1.5 points to 96.7. Meanwhile, the Economic Sentiment Index, which combines the CBSI and the Consumer Survey Index (CSI), rose 1.5 points to 99.4.In corporate news, Development Advance Solution (KRX:058730) was named preferred bidder for EPC and O&M contracts for the Sinan Mitra 1 & 2 and Horus solar projects, with value to equal at least 5% of latest revenue of 273.2 billion won. Shares surged over 9% at the close.

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Asia

Samsung Electronics Starts Heat Pump Boiler Production in South Korea

Samsung Electronics (KRX:005930) said it has started heat pump boiler production in South Korea, supporting the government's heating electrification promotion project, according to a Monday release.The South Korean technology company said the trials started Aug. 19 at its new 2,132-square-meter production line at the Gwangju plant, with full-scale production scheduled for late September.The plant will expand electrification of residential heating and make Samsung the first in Korea to participate in heating electrification programs by shifting production from an overseas facility to a domestic production line.

KRX:005930
Asia

South Korean Shares Close Lower Over Samsung Electronics' Lackluster Shareholder Return Plan

South Korean shares closed lower on Monday, snapping a two-day winning streak after investors appeared to be disheartened over Samsung Electronics' (KRX:005930) shareholder return plans that it announced on Friday, which led to a sell-off of chip stocks.The company said last week that it expects to return about 90 trillion won to 110 trillion won to shareholders this year under its 2024-2026 shareholder return policy, conditional on changes in business performance and investment needs.The Korea Composite Stock Price Index, or Kospi, decreased by 215.99 points, or 3.1%, to close at 6,696.96. The Kosdaq rose by 11.39 points, or 1.4%, to close at 813.33.In economic news, South Korean domestic banks reported a combined preliminary net income of 13.8 trillion won for the first half, down 6.4% from 14.7 trillion won a year earlier, according to the Financial Supervisory Service's statement on Monday.The latest data showed commercial and regional banks saw declines while internet-only banks posted growth.Interest income rose 8.3% year-over-year to 32.2 trillion won, while non-interest income plunged 43% to 2.9 trillion won.Loan loss expenses rose 8.6% to 3.5 trillion won, while return on assets fell to 0.65% from 0.74% and return on equity declined to 8.89% from 10.04% a year earlier.In corporate news, Samsung Electronics will contribute 78.9 billion won to a fund providing performance incentives to outstanding small and medium-sized business partners of its Device Solutions division, the company said in a filing with the Korea Exchange on Monday.The tech company will channel the funds to the Korea Foundation for Cooperation of Large & Small Business, Rural Affairs, which will distribute the incentives to eligible suppliers.Shares of Samsung fell nearly 9% at market close.

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