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News on Medial
Samsung Electronics sold remaining ASML shares in Q4, company filing shows
Reuters
·
1y ago
Medial
Samsung has sold 1.58 million shares, equivalent to 0.4% of ASML, a leading semiconductor equipment supplier. This comes after the company sold around 1.17 million ASML shares in Q3 2020. Despite the share sales, Samsung and ASML will continue to collaborate, with both companies having signed a memorandum of understanding last year to jointly invest in a Korean research facility. The exact motive for the share sales is unclear.
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Samsung’s Lee family sells about $2 billion in shares to fund inheritance tax
Livemint
·
1y ago
Medial
The Lee family, who founded Samsung, has sold around $2 billion worth of shares to help pay one of the largest inheritance-tax bills in the world. The sale included nearly 30 million shares of Samsung Electronics, as well as shares in subsidiaries Samsung SDS, Samsung C & T, and Samsung Life Insurance. The family incurred over $10 billion in estate taxes after the death of Lee Kun-hee in 2020. This represents one of the biggest block trades in Asia this year.
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Samsung delays taking deliveries of ASML's chip gear for its new US factory, sources say
Economic Times
·
9m ago
Medial
Samsung Electronics has reportedly postponed the delivery of ASML chipmaking equipment for its factory in Texas, as the company has yet to secure any major customers for the project. The delay in equipment delivery is a setback for Samsung's ambitions to expand into contract chip manufacturing and compete with Taiwan's TSMC. The move highlights the increasing gap between Samsung and its rivals, as competitors ramp up production to meet growing demand for high-end chips used in AI applications. ASML, the world's largest chipmaking equipment supplier, recently lowered its sales forecast due to market weakness, and did not disclose the clients who delayed equipment deliveries.
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Canada Pension Board Offloads Nykaa Shares For INR 256 Cr
Inc42
·
1y ago
Medial
Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.
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Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb
Livemint
·
5m ago
Medial
Samsung Electronics and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025. This agreement aims to ease tensions following a labor strike last year. Samsung will give 30 company shares to employees, offer discounts on Samsung products, and rehire retirees with three or more children. The deal also addresses issues like paying executive bonuses partly in stock. The union will vote on the agreement shortly.
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Apple shares lead tech higher after tariff exemptions
Economic Times
·
3m ago
Medial
Apple's shares surged over 6% in Frankfurt following the U.S. decision to exempt smartphones, computers, and certain other electronics from tariffs, benefiting mainly imports from China. Other tech stocks, including Nvidia, Dell Technologies, and ASML, also experienced gains. Nasdaq futures rose by 1.6% during early European trading. Despite these positive movements, uncertainty loomed as U.S. President Donald Trump indicated plans to impose tariffs on imported semiconductors soon.
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Samsung Electronics to cancel $2.11 billion worth of own shares
Economic Times
·
5m ago
Medial
Samsung Electronics plans to cancel 3.05 trillion won ($2.11 billion) of its own shares, initially acquired to boost shareholder value. Additionally, the company intends to buy back 2.7 trillion won worth of common shares and 304 billion won of other shares from February to May to elevate shareholder value and support employees. This decision follows their announcement to repurchase 10 trillion won in shares over a year, after underperforming against competitors like SK Hynix.
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IndiaMart fully acquires SaaS firm; Kaynes Tech to buy Canadian electronics company
VCCircle
·
3m ago
Medial
IndiaMART InterMESH Ltd has acquired the remaining shares of Livekeeping Technologies Pvt Ltd, a SaaS firm, for Rs 26.78 crore, making it a wholly owned subsidiary. This move aligns with IndiaMART's goal of expanding its SaaS offerings. Meanwhile, Kaynes Technology India Ltd plans to acquire Canadian electronics company August Electronics Inc. by May 2025 to strengthen its North American presence and improve supply chain and engineering capabilities, broadening its service offerings in key industries.
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Samsung Medison buys AI software firm Sonio SAS for $92 million
Economic Times
·
1y ago
Medial
Samsung Medison, a South Korean medical device company, has announced its acquisition of Sonio SAS, a French fetal ultrasound artificial intelligence software company. The deal is valued at approximately 126 billion South Korean won ($92.4 million). Samsung Electronics, which holds a 68.45% stake in Samsung Medison, specializes in diagnostic imaging devices.
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Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25
Entrackr
·
5m ago
Medial
Freshworks posts $194.6 Mn revenue in Q4, projects $809 Mn for CY25. SaaS firm Freshworks registered a 21.6% year-on-year growth in the fourth quarter of the last calendar year (2024). Meanwhile, the company narrowed its losses by 21.8% during the same period. Freshworks operating revenue grew to $194.5 million in the quarter ending December 2024 from $160 million in Q4 CYFY23, its regulatory filing accessed from NASDAQ shows. Moving over to the cost side, Freshworks’s sales and marketing formed 46% of the overall expenditure which modestly increased by 1.8% to $90.6 million in Q4 CY24. The company’s spending on research, employees, and general overhead took the overall cost to $216.4 million in Q4 CY24. The decent increase in growth and controlled cost mechanism helped Freshworks to reduce its losses by 21.8% to $21.9 million in Q4 CY24 from $28 million in Q4 CY23. The company anticipates generating revenue between $190 million and $193 million in the first quarter of CY25, with total annual revenue projected to reach $809 million for the full year.
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Apple steals the smartphone crown from Samsung, ending a 12-year run
Business Insider
·
1y ago
Medial
In a significant milestone, Apple has surpassed Samsung to become the top seller of smartphones worldwide in 2023, according to IDC shipments data. This is the first time since 2010 that a company other than Samsung has claimed the top spot. Apple shipped an estimated 80.5 million smartphones in Q4 2023, with a market share of 24.7%, while Samsung shipped 53 million smartphones, resulting in a market share of 16.3%. Although Apple's overall revenue declined in Q4 2023, its iPhone sales increased.
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