🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Samsung flags 10-fold rise in first-quarter profit as chip prices recover
Economic Times
·
1y ago
Medial
Samsung Electronics has projected a more than 10-fold increase in operating profit for Q1 2023. The rebound in semiconductor prices has boosted the company's earnings from a low base last year. The estimated operating profit of 6.6 trillion won ($4.89 billion) surpasses expectations, indicating improved margins and demand for NAND flash chips. However, revenue fell short of expectations, likely reaching 71 trillion won, below estimates of 72.3 trillion won. The strong performance in the chip division and the positive response to the new Galaxy S24 smartphones contributed to the company's success.
View Source
Related News
Samsung profit likely biggest in six quarters on higher chip prices
Economic Times
·
1y ago
Medial
Samsung Electronics is expected to see a significant increase in first-quarter profit, nearly nine times higher than the previous year. This surge is due to the recovery of semiconductor prices after a severe downturn. Operating profit for the company is estimated to have risen to 5.7 trillion won ($4.24 billion), representing the highest profit since Q3 2022. The chip division is predicted to report its first quarterly profit in five quarters, driven by a rebound in memory chip prices. Samsung's mobile business is also anticipated to contribute to profits with the launch of its Galaxy S24 smartphones.
View Source
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
Economic Times
·
1y ago
Medial
Samsung Electronics posted a tenfold increase in operating profit for the last quarter, driven by the growth of artificial intelligence technologies and a rebound in the computer memory chip markets. Operating profit reached 6.6 trillion won ($4.8 billion), up from 640 billion won ($465 million) the previous year. Revenue rose nearly 13% to 71.9 trillion won ($52 billion), fueled by higher memory chip prices and strong sales of the Galaxy S24 smartphones. Samsung also reported its first quarterly profit in the semiconductor business since Q4 2022, with operating profit reaching 1.91 trillion won ($1.38 billion). The company expects the memory chip market to remain robust due to increased demand for both conventional and advanced chips powering AI technologies.
View Source
Can Samsung get its mojo back?
Livemint
·
10m ago
Medial
- Samsung Electronics is known for its vertical integration, with smartphones and consumer electronics accounting for half of its revenue and a quarter of its operating profit. - The company reported a 16-fold increase in operating profit in the most recent quarter, driven by growth in its chip business due to high demand from tech giants like Microsoft and Alphabet. - However, Samsung is struggling to compete in both logic chips and memory chips, losing ground to competitors like TSMC in chip foundry business and SK Hynix in high-bandwidth memory (HBM) chips. - Chinese companies are also challenging Samsung in the display market, especially in organic light-emitting diode (OLED) screens, where BOE Technologies has gained prominence. - Samsung is facing internal challenges as well, with a recent work stoppage by thousands of employees protesting over pay and conditions. - Despite these challenges, there are some positive developments for Samsung, such as its HBM3 chips being accepted by Nvidia and plans to begin mass production of cutting-edge logic chips in 2025.
View Source
Samsung expects steep drop in operating profits on US chip woes - The Economic Times
Economic Times
·
1m ago
Medial
Samsung Electronics expects its second quarter operating profits to fall by over 50%, citing U.S. export controls on advanced AI chips to China. The company's semiconductor division faced reduced profits due to inventory adjustments and U.S. restrictions. However, Samsung anticipates improved performance in the latter half of the year as demand recovers. The sharp profit drop is largely attributed to a weak foundry business, though memory chip demand is expected to rise.
View Source
Samsung planning to introduce a new tri-fold device? Know what report suggests..
Livemint
·
1y ago
Medial
Samsung is rumored to be planning to launch a triple foldable smartphone in 2024, along with the Galaxy Z Flip 6 and Galaxy Z Fold 6. The company reportedly aims to not miss out on the title of "world's first" as Huawei is expected to release a triple foldable device in the second quarter of this year. The new tri-fold smartphone from Samsung is speculated to feature a larger display and sensors on the hinge.
View Source
Samsung's triple-screen foldable phone could debut in 2026, analyst Ross Young
Livemint
·
8m ago
Medial
Samsung is set to launch its Galaxy tri-fold smartphone in early 2026, featuring three screens and two hinges. The device is expected to offer a new foldable experience for users and could be a significant step forward for Samsung following the success of its earlier foldable models. The tri-fold smartphone will likely have a main display measuring 9 to 10 inches when unfolded and a rectangular shape when folded. Samsung is expected to be the first company to globally release a tri-fold device, differentiating itself from Huawei, whose offering is limited to the Chinese market.
View Source
Samsung operating profit hit by R&D spending, fight to meet chip demand
Economic Times
·
6m ago
Medial
Samsung Electronics' operating profit fell by almost a third in the fourth quarter due to increased research spending and challenges in meeting demand for AI server chips. Despite an 11.8% sales rise, the company warned of limited earnings improvement in early 2025 due to semiconductor business weaknesses. Samsung's technological leadership in semiconductors has been challenged by fast-growing AI chip demand and competition from Nvidia and startups like DeepSeek. The company plans to address evolving AI market demands while monitoring industry trends.
View Source
Samsung flags bigger-than-expected Q4 profit drop on weak demand
Economic Times
·
1y ago
Medial
Samsung has reported a bigger-than-expected drop in its Q4 profit due to weak demand. The company expects operating profit to decline about 34% from a year earlier, falling below market expectations. This drop in profit is primarily attributed to decreased demand for memory chips and display panels, as well as intensifying competition in the smartphone market.
View Source
Samsung Electronics apologises for disappointing profit as it struggles in AI chips
Economic Times
·
10m ago
Medial
- Samsung Electronics warned of lower-than-expected third-quarter profits due to delays in its AI chip business and increased competition from Chinese chip rivals. - Samsung's operating profit for the quarter is estimated at 9.1 trillion won, falling short of market expectations. - The company's late entry into the AI chip market has increased its reliance on traditional, lower-margin chips, making it vulnerable to competition from China. - Samsung's share price fell 1.6% following the earnings guidance, adding to the more than 20% decline it has already experienced this year. - The company's contract chip manufacturing business likely continued to struggle against TSMC, losing money in the third quarter. - Samsung's mobile division saw improved earnings from solid sales of flagship smartphones, while its display unit grew with new product launches from customers like Apple. - Samsung will announce detailed earnings results later this month.
View Source
Samsung reports major progress in supply deal for AI chips
Economic Times
·
9m ago
Medial
Samsung Electronics reported progress in securing a major supply deal for AI chips, aiming to reassure investors after a slowdown in semiconductor profits. Despite a 12% decline in operating profit from the second quarter, Samsung saw strong demand for AI and server chips. However, its mobile chip business weakened due to inventory adjustments by customers, and increased competition from Chinese manufacturers. Samsung also lagged behind competitors in high-bandwidth memory chips but hopes to drive sales in the fourth quarter, potentially with a deal with Nvidia. The company plans to focus on high-bandwidth memory and high-density products to meet demand.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in