News

Samsung top pick for retail investors after US election Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country's main bourse said on Sunday.  Individuals purchased the chipmaker on bargain hunting for eight trading sessions through November 15 despite massive selloffs by foreigners, according to data from the Korea Exchange (KRX). Foreign investors offloaded 2.48 trillion won worth of Samsung Electronics stocks during the eight-session perio...
Samsung top pick for retail investors after US election
Samsung top pick for retail investors after US election
Source: IANS
2024-11-17 11:05:38 am
Samsung to buy back stock worth $7.16 billion to boost shareholder value Samsung Electronics said on Friday it will buy back its own shares worth a combined 10 trillion won ($7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price.  In the buyback plan approved by the board of directors, a combined 3 trillion won of shares will be bought back within three months starting Monday and continuing until February 17, the company said in a statement. For the remaining 7 trillion won, the co...
Samsung to buy back stock worth $7.16 billion to boost shareholder value
Samsung to buy back stock worth $7.16 billion to boost shareholder value
Source: IANS
2024-11-15 04:10:16 pm
realme GT 7 Pro`s RealWorld Eco² Display sets new standards in smartphone industry In India's dynamic smartphone landscape, while processing power and camera capabilities often steal the spotlight, it's the display that truly bridges the gap between technology and user experience. As our devices become increasingly central to daily life, the quality of visual interaction has evolved from being a mere specification to a defining feature that shapes how we consume content, capture memories, and immerse ourselves in entertainment.  A superior display doesn'...
realme GT 7 Pro`s RealWorld Eco² Display sets new standards in smartphone industry
realme GT 7 Pro`s RealWorld Eco² Display sets new standards in smartphone industry
Source: IANS
2024-11-15 10:22:08 am
India`s smartphone market to exit 2024 with single-digit annual growth India's smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report.  In the July-September period (Q3), smartphone shipments in India reached 46 million units, reflecting 5.6 per cent growth YoY (year-over-year). Upasana Joshi, Senior Research Manager, Devices Research, IDC Asia Pacific, said that growth in the biggest qua...
India`s smartphone market to exit 2024 with single-digit annual growth
India`s smartphone market to exit 2024 with single-digit annual growth
Source: IANS
2024-11-14 10:46:19 am
Samsung needs to change to keep up with AI development: Expert Samsung Electronics, the world's largest memory chipmaker, appears to have fallen into a "crisis" amid challenging market conditions and disappointing quarterly performances.  Particularly due to its recent loss of leadership in the high bandwidth memory (HBM) segment, concerns have intensified over the company's potential decline in the semiconductor industry, where it has held the No. 1 position in the memory chip market since the early 1990s. Lin Hong-wen, a se...
Samsung needs to change to keep up with AI development: Expert
Samsung needs to change to keep up with AI development: Expert
Source: IANS
2024-11-10 10:24:49 am
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024 Apple iPhone 15 has become the best-selling smartphone globally in the third quarter (Q3) this year, followed closely by iPhone 15 Pro Max and iPhone 15 Pro, according to a report on Thursday.  Samsung maintained the biggest presence in the global top-10 best-selling smartphones list with five spots, followed by Apple with four and Xiaomi with one, according to Counterpoint Research’s Global Handset Model Sales Tracker. While Apple’s share of the top-10 list has decline...
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024
Apple iPhone 15 becomes best-selling smartphone globally in Q3 2024
Source: IANS
2024-11-07 03:49:12 pm
Samsung Tops India`s Smartphone Market with 23% Value Share in Q3: Counterpoint Research Samsung was the number 1 smartphone brand by value in India for the third straight quarter in 2024, according to data released by Counterpoint Research. In Q3 2024, the Indian smartphone market achieved its highest- ever value led by Samsung which accounted for 23% market share, the research agency said. “The market is increasingly shifting toward value growth fuelled by a premiumization trend supported by aggressive EMI offers, and trade-ins. Samsung currently leads the market by va...
Samsung Tops India`s Smartphone Market with 23% Value Share in Q3: Counterpoint Research
Samsung Tops India`s Smartphone Market with 23% Value Share in Q3: Counterpoint Research
Source: PR Agency
2024-11-05 02:45:31 pm
Samsung Electronics signals progress in HBM chip supply to Nvidia Samsung Electronics on Thursday hinted at the possibility of supplying its advanced high bandwidth memory (HBM) chips to the US AI giant Nvidia in the near future.  The South Korean tech giant has been struggling to have its HBM3E chips pass Nvidia's quality tests, while its local chip making rival SK hynix recently began mass-producing industry-leading 12-layer HBM3E chips, Yonhap news agency reported. "We are currently mass-producing both eight-layer and 12-layer HBM3E p...
Samsung Electronics signals progress in HBM chip supply to Nvidia
Samsung Electronics signals progress in HBM chip supply to Nvidia
Source: IANS
2024-10-31 02:43:26 pm
Samsung Electronics Q3 net profit surges, but chip business remains sluggish Samsung Electronics on Thursday said its net profit surged in the third quarter, but its sluggish artificial intelligence chips weighed heavily on its flagship semiconductor business.  The tech giant posted a net profit of 10.1 trillion won ($7.3 billion) for the July-September period, up 72.8 per cent from a year earlier, the company said in a regulatory filing, Yonhap news agency reported. Its operating profit surged 277.4 per cent to 9.18 trillion won from 2.43 trillion won a ye...
Samsung Electronics Q3 net profit surges, but chip business remains sluggish
Samsung Electronics Q3 net profit surges, but chip business remains sluggish
Source: IANS
2024-10-31 02:36:48 pm
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value India’s smartphone volume grew by 3 per cent (year-on-year) in the third quarter (Q3 2024) this year, as Samsung led the market in terms of value with a 23 per cent share, closely followed by Apple with a 22 per cent share, according to a report on Wednesday.  The value of Indian smartphone market surged by an impressive 12 per cent (on-year) to reach an all-time record for a single quarter, according to the latest research from Counterpoint’s Monthly India Smartphone Trac...
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value
India`s smartphone shipments up 3 pc in July-Sep, Samsung leads by value
Source: IANS
2024-10-30 10:27:37 am
Samsung seeks recovery amid disappointing Q3 earnings, stock drop Samsung Electronics, facing a challenging market environment and weaker-than-expected third quarter earnings, is preparing new strategies to drive recovery in early 2025, analysts said on Tuesday.  The world's largest memory chip maker reported a preliminary operating profit of 9.1 trillion won ($6.8 billion) for the third quarter, missing market expectations of over 10 trillion won. Its operating profit more than trebled compared with the same period a year ago, but retreated ...
Samsung seeks recovery amid disappointing Q3 earnings, stock drop
Samsung seeks recovery amid disappointing Q3 earnings, stock drop
Source: IANS
2024-10-29 10:11:26 am
Shipment of GenAI smartphones to surpass 730 million units by 2028 The shipment of generative AI (GenAI) smartphones is forecast to surpass 730 million units by 2028, according to a new report.  The shipment share of GenAI smartphones is forecast to reach 19 per cent this year and by 2028, this is expected to reach 54 per cent, according to Counterpoint Research. This growth would be more than 3 times the projected levels in 2024. This year, Samsung and Apple are set to capture over 75 per cent of the global GenAI smartphone market, mainly driven ...
Shipment of GenAI smartphones to surpass 730 million units by 2028
Shipment of GenAI smartphones to surpass 730 million units by 2028
Source: IANS
2024-10-20 08:46:42 am
India plans laptop import curbs to boost local manufacturing, sources say  India is expected to limit imports of laptops, tablets and personal computers after January, two government sources with direct knowledge of the matter said, a move to push companies such as Apple to increase domestic manufacturing. This plan, if implemented, could disrupt an industry worth $8 billion to $10 billion and reshape the dynamics of the IT hardware market in India, which is heavily reliant on imports. A similar plan to restrict imports was withdrawn last year following ...
India plans laptop import curbs to boost local manufacturing, sources say
India plans laptop import curbs to boost local manufacturing, sources say
Source: Reuters
2024-10-18 04:23:50 pm
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads Smartphone sales grew 11 per cent (year-over-year) in the first wave of the festive season sales in India between September 26-October 6, a report said on Tuesday.  According to latest estimates from TechInsights, South Korean electronics major Samsung led the smartphone sales volume with a 20 per cent market share. This was led by top-selling models such as Galaxy M35, Galaxy S23, Galaxy A14 and Galaxy S23 FE, etc., according to the report. The first wave of the festive season ...
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
Source: IANS
2024-10-09 09:57:06 am
Nokia to help Vodafone Idea bolster its 4G and 5G network in India Global technology company Nokia on Saturday announced it has been awarded a three-year deal by Vodafone Idea Limited (VIL) to deploy 4G and 5G equipment in India.   The companies will deploy 5G network across major cities. The agreement includes the modernisation and expansion of VIL’s 4G network of which Nokia is already a major supplier. The deployment is expected to deliver premium connectivity to 200 million VIL customers. “5G will bring seamless high-speed conne...
Nokia to help Vodafone Idea bolster its 4G and 5G network in India
Nokia to help Vodafone Idea bolster its 4G and 5G network in India
Source: IANS
2024-09-28 03:08:59 pm
Sale of smartphones worth Rs 1 lakh and above surge in India With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday.  The smartphone shipments of Rs 1 lakh and above increased by 20 per cent (year-on-year) and 10 per cent (YoY) for Q1 2024 and Q2 2024, respectively, according to Counterpoint Research. The shipments in the Rs 1 lakh and above segment accounted for just over 1 per cent of the market in the first half this year. &...
Sale of smartphones worth Rs 1 lakh and above surge in India
Sale of smartphones worth Rs 1 lakh and above surge in India
Source: IANS
2024-09-03 03:00:38 pm
Samsung, LG to unveil new AI-powered appliances at IFA 2024 South Korean tech giants Samsung Electronics and LG Electronics are planning to showcase various new artificial intelligence (AI)-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry sources said on Sunday.  Samsung will present a range of products, including the Bespoke AI Combo, an all-in-one washer-dryer; the Bespoke AI Family Hub, a premium refrigerator product; and the Bespoke AI Steam, a new robot vacuum cleaner product, reports Yonhap new...
Samsung, LG to unveil new AI-powered appliances at IFA 2024
Samsung, LG to unveil new AI-powered appliances at IFA 2024
Source: IANS
2024-08-25 10:51:33 am
Profit of top 500 firms double in Q2 on robust chip biz in South Korea Major companies in South Korea saw their second-quarter operating income more than double from a year earlier, driven by strong performances in the semiconductor sector, a corporate tracker said on Thursday.  The combined net profits of the 334 companies out of South Korea's top 500 companies by sales reached 59.4 trillion won ($43.6 billion) for the April-June period, up 107.1 per cent from 28.7 trillion won a year ago, according to CEO Score. Their total sales increased 7 per...
Profit of top 500 firms double in Q2 on robust chip biz in South Korea
Profit of top 500 firms double in Q2 on robust chip biz in South Korea
Source: IANS
2024-08-15 10:24:38 am
South Korean stock markets extend gains led by Samsung Seoul shares extended gains on Wednesday, led by Samsung Electronics, despite concerns over lingering market jitters two days after massive selloffs due to fears of a US recession.  The benchmark Korea Composite Stock Price Index (KOSPI) added 61.04 points, or 2.42 percent, to 2,583.19 as of 11.20 am (local time). The main index ended 3.3 per cent higher on Tuesday after plunging nearly 9 per cent a day earlier due to massive selloffs amid concerns over a recession in the United St...
South Korean stock markets extend gains led by Samsung
South Korean stock markets extend gains led by Samsung
Source: IANS
2024-08-07 10:12:06 am
Telangana CM begins US visit to attract investment Telangana Chief Minister A. Revanth Reddy began his official visit to the US to attract new investments to the state.   Accompanied by Minister for Industry and Information Technology D. Sridhar Babu and some senior officials, he landed in New York. According to the Chief Minister’s Office, the visit is aimed at bringing investments and making strategic partnerships that will contribute to economic development and employment generation in Telangana. The Chief Minister&#...
Telangana CM begins US visit to attract investment
Telangana CM begins US visit to attract investment
Source: IANS
2024-08-04 04:55:53 pm
Global smartphone market up 8 pc, average selling price reaches highest level Global smartphone shipments grew 8 per cent (year-on-year) in the second quarter of 2024, as Samsung retained the top position globally, accounting for 19 per cent share, a report said on Friday.  Global smartphone revenues also went up 8 per cent YoY, while the average selling price (ASP) reached the highest level for a second quarter, according to Counterpoint Research. This marks the third-consecutive quarter posting growth for the global smartphone market. “Europe and ...
Global smartphone market up 8 pc, average selling price reaches highest level
Global smartphone market up 8 pc, average selling price reaches highest level
Source: IANS
2024-08-02 12:04:49 pm
Samsung’s operating profit surges 15 times to $7.54 billion in Q2 Samsung Electronics said on Wednesday its second quarter (Q2) operating profit surged more than 15 times from a year earlier on the robust performance of its semiconductor business.  The world's largest mobile phone and memory chip maker's operating profit reached 10.44 trillion won ($7.54 billion) in the April-June period, compared with 668.5 billion won a year ago, the company said in a regulatory filing. It is the first time that Samsung Electronics posted an operating p...
Samsung’s operating profit surges 15 times to $7.54 billion in Q2
Samsung’s operating profit surges 15 times to $7.54 billion in Q2
Source: IANS
2024-07-31 10:41:58 am
India fastest-growing market, offers huge opportunity for us: Top Samsung executive Signalling the growing importance of India for the South Korean giant, Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the Device eXperience (DX) Division at Samsung Electronics, said on Tuesday that the country is one of the biggest and fastest-growing markets globally and offers a huge opportunity for the company.  Han also visited the company’s Noida factory where Samsung manufactures smartphones, tablets and refrigerators, said they are among the first companies to invest ...
India fastest-growing market, offers huge opportunity for us: Top Samsung executive
India fastest-growing market, offers huge opportunity for us: Top Samsung executive
Source: IANS
2024-07-30 12:35:13 pm
Samsung launches energy management service for Tesla vehicles Samsung has launched an energy management service for Tesla electric vehicles in the United States as part of their strategic partnership aimed at enhancing connectivity at home, industry sources said on Wednesday.  Samsung’s ‘SmartThings Energy’ platform is now available for Tesla drivers in the U.S., allowing them to monitor and control the charging status of their EV batteries and the power generated by solar panels, according to the sources. Synced with the Te...
Samsung launches energy management service for Tesla vehicles
Samsung launches energy management service for Tesla vehicles
Source: IANS
2024-07-17 09:44:51 am
Received record 40 pc higher pre-bookings for new foldables in India: Samsung Samsung on Tuesday announced record pre-orders for its sixth-generation foldable smartphones – Galaxy Z Fold6 and Galaxy Z Flip6.   In the first 24 hours, pre-orders for Galaxy Z Fold6 and Z Flip6 jumped 40 per cent higher as compared to the previous generation foldables, making the new Z series the most successful in India.In India. “We are delighted with the consumer response for our new foldables - Galaxy Z Fold6 and Galaxy Z Flip6 in India. The 1.4x growth in pre-or...
Received record 40 pc higher pre-bookings for new foldables in India: Samsung
Received record 40 pc higher pre-bookings for new foldables in India: Samsung
Source: IANS
2024-07-16 01:54:06 pm
Samsung reveals India pricing for new foldables, wearables Samsung on Thursday announced India pricing for the sixth generation of its foldable smartphone series, with pre-orders for Galaxy Z Fold6 and Z Flip6 now open.  The Galaxy Z Flip6 (12GB+256GB) will cost Rs 109,999 and the 12GB+512GB version will come for Rs 121,999. Galaxy Z Fold6 in the 12GB+256GB variant will cost Rs 164,999 while the 12GB+512GB version will come for Rs 176,999. The 12GB+1TB (silver shadow colour) will cost Rs 200,999, informed the company. “Those pr...
Samsung reveals India pricing for new foldables, wearables
Samsung reveals India pricing for new foldables, wearables
Source: IANS
2024-07-11 11:04:25 am
Foldable smartphone shipments in India up by 19 pc in Q1, Samsung The foldable smartphone shipments in India grew by 19 per cent (year-on-year) in the first quarter (Q1) of 2024, with Samsung leading the market, a new report said on Wednesday.   According to Counterpoint Research, Samsung led the foldable market with a 79 per cent share, with the Galaxy Fold 5 accounting for half of the brand's foldable shipments. "The foldable smartphone market in India is still a niche segment and will likely remain so for a few years," said Tarun...
Foldable smartphone shipments in India up by 19 pc in Q1, Samsung
Foldable smartphone shipments in India up by 19 pc in Q1, Samsung
Source: IANS
2024-07-11 10:08:40 am
Samsung to unveil new AI-enabled foldable smartphones next month Samsung Electronics is expected to unveil new Galaxy series foldable smartphones with artificial intelligence (AI) features next month.  The Samsung ‘Galaxy Unpacked 2024’ will take place in Paris on July 10, just about two weeks before the opening of the Paris Summer Olympics, Samsung said. Samsung did not elaborate further, but market watchers expect Samsung to unveil its new Galaxy Z Fold series and Galaxy Z Flip 6 with built-in generative AI, reports Yonhap news age...
Samsung to unveil new AI-enabled foldable smartphones next month
Samsung to unveil new AI-enabled foldable smartphones next month
Source: IANS
2024-06-26 11:22:53 am
Samsung, Hyundai Motor lead R&D spending despite lower earnings  Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday.  The country's top 1,000 companies made investments of 72.5 trillion won ($52.12 billion) combined in 2023, up 8.7 per cent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. It was the larges...
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Samsung, Hyundai Motor lead R&D spending despite lower earnings
Source: IANS
2024-06-23 05:45:33 pm
One 97 Communications zooms on inking pact with Samsung One97 Communications is currently trading at Rs. 432.85, up by 30.20 points or 7.50% from its previous closing of Rs. 402.65 on the BSE. The scrip opened at Rs. 407.95 and has touched a high and low of Rs. 438.95 and Rs. 405.30 respectively. So far 990625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 998.30 on 20-Oct-2023 and a 52 week low of Rs. 310.00 on 09-May-2024. Last one week high and low of the scrip s...
One 97 Communications zooms on inking pact with Samsung
One 97 Communications zooms on inking pact with Samsung
Source: Accord Fintech
2024-06-13 10:43:44 am
Samsung, labour union to resume wage talks this week Unionised workers of Samsung Electronics have decided to resume talks with the company later this week, about two weeks after wage negotiations broke down, industry sources said on Tuesday.  Samsung and representatives of the labour union will meet on Thursday to discuss the schedule and direction of future bargaining, according to the sources. Since January, the two sides have held several rounds of talks but have been unable to narrow their differences over the wage increase rate...
Samsung, labour union to resume wage talks this week
Samsung, labour union to resume wage talks this week
Source: IANS
2024-06-11 02:48:33 pm
Samsung launches 2024 QLED 4K TV series in India starting at Rs 65,990 Samsung on Monday launched the 2024 QLED 4K TV series in India, with a plethora of premium features at a starting price of Rs 65,990.   The series comes in three sizes - 55-inch, 65-inch and 75-inch. It is available on online platforms including Samsung.com and Amazon.in. "The new TV series provides life-like picture quality with the 4K upscaling feature that refines the content on the screen to near-4K levels, taking the overall viewing experience several notches higher,&q...
Samsung launches 2024 QLED 4K TV series in India starting at Rs 65,990
Samsung launches 2024 QLED 4K TV series in India starting at Rs 65,990
Source: IANS
2024-06-10 02:10:39 pm
GenAI-based smartphones` share in global sales rose to 6 pc in Q1 Generative artificial intelligence (GenAI)-based smartphones contributed 6 per cent to global smartphone sales in the first quarter (Q1) of 2024, a significant increase from just 1.3 per cent in the previous quarter, a new report showed on Thursday.  According to Counterpoint Research, premium smartphones (wholesale price over $600) accounted for over 70 per cent of GenAI-capable smartphone sales in Q1. Samsung's Galaxy S24 series dominated the GenAI-based smartphone market in ...
GenAI-based smartphones` share in global sales rose to 6 pc in Q1
GenAI-based smartphones` share in global sales rose to 6 pc in Q1
Source: IANS
2024-05-31 11:16:50 am
India`s smart TV shipments fell 14 pc in Q1 due to slowdown in demand India’s smart TV shipments dropped by 14 per cent (year-on-year) in the first quarter (Q1) of 2024 due to a slowdown in demand and an inventory build-up at major OEMs (original equipment manufacturers), a new report said on Thursday.  According to Counterpoint Research, the drop was also attributed to an increase in the cost of inputs like raw materials, which led to a reduction in offers and promotions, excess inventory build-up at major OEMs, and reduced demand for smaller-scr...
India`s smart TV shipments fell 14 pc in Q1 due to slowdown in demand
India`s smart TV shipments fell 14 pc in Q1 due to slowdown in demand
Source: IANS
2024-05-30 12:26:36 pm
Samsung`s new chip head vows to regain leadership in global market Samsung’s new semiconductor chief pledged on Thursday to restore the company's leadership in the global chip market amid the ongoing transition driven by artificial intelligence (AI). "We are at the centre of the AI era and facing an unprecedented future," Vice Chairman Jun Young-hyun stated in his inaugural letter on the company's internal bulletin. "This presents a significant challenge, but if we navigate it properly, it will become a major opportunity fo...
Samsung`s new chip head vows to regain leadership in global market
Samsung`s new chip head vows to regain leadership in global market
Source: IANS
2024-05-30 10:59:49 am
Samsung, Lennox join hands for HVAC business in US, Canada Samsung on Tuesday said that it has agreed to set up a joint venture (JV) with a leading provider of climate solutions Lennox for a heating, ventilation and air-conditioning and refrigeration (HVAC) business in the US and Canada.   According to Samsung, the newly-established JV, named Samsung Lennox HVAC North America, will sell ductless AC and heat pump products in the countries.  The JV is 50.1 per cent owned by Samsung, with the remaining stake being held by Lennox, Yonhap ...
Samsung, Lennox join hands for HVAC business in US, Canada
Samsung, Lennox join hands for HVAC business in US, Canada
Source: IANS
2024-05-28 05:52:17 pm
Samsung to hold `Galaxy Unpacked`in July in Paris Samsung Electronics is expected to hold the summer edition of its ‘Galaxy Unpacked’ event next month in Paris, the host of the upcoming Olympic Games, industry sources said on Friday.  The event will take place on July 10, just about two weeks before the opening of the Paris Summer Olympics, with the foldable Galaxy Z Fold 6 and Galaxy Z Flip 6 smartphones and the wearable Galaxy Ring to be unveiled, according to the sources. It is the second time that the world's b...
Samsung to hold `Galaxy Unpacked`in July in Paris
Samsung to hold `Galaxy Unpacked`in July in Paris
Source: IANS
2024-05-24 10:39:37 am
Smooth progress in testing latest HBM chips: Samsung Samsung, the world's largest memory chipmaker, said on Friday that the testing process of its latest high-bandwidth memory (HBM) chips is proceeding smoothly in cooperation with its customers. Currently, Korean chip giant SK hynix is a strong leader in the global AI market and the biggest supplier to Nvidia. "Samsung Electronics is currently working closely with a number of companies to continuously test the technology and performance," the company said in a statement. ...
Smooth progress in testing latest HBM chips: Samsung
Smooth progress in testing latest HBM chips: Samsung
Source: IANS
2024-05-24 10:17:16 am
14 global tech giants adopt pledge on `responsible` development of AI A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The 'Seoul AI Business Pledge' was announced by 14 companies, including Korea's Samsung Electronics, Naver, Kakao and KT Corp, as well as global big tech companies, such as Google, OpenAI and IBM, during the opening ceremony of the AI Global Forum in Seoul. The AI Global...
14 global tech giants adopt pledge on `responsible` development of AI
14 global tech giants adopt pledge on `responsible` development of AI
Source: IANS
2024-05-22 11:07:50 am
Samsung names new chief for its semiconductor business Samsung Electronics announced on Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market competitiveness. Kyung Kye-hyun, who previously led the key unit of the world's largest memory chip maker, will transition to the future business planning unit, according to the company. Jun, who joined Samsung Electronics in 2000, has extensive experience in the semiconductor and battery sectors, reports Yonhap news agen...
Samsung names new chief for its semiconductor business
Samsung names new chief for its semiconductor business
Source: IANS
2024-05-21 11:36:17 am
Microsoft introduces ‘Copilot+ PCs’ for AI era, available from June 18  Tech giant Microsoft has introduced a new category of Windows PCs designed for the artificial intelligence (AI) era. Called ‘Copilot+ PCs’, these are the fastest and most intelligent Windows PCs ever built, the company said in a statement. Starting at $999, the PCs come with new silicon capable of an incredible 40+ TOPS (trillion operations per second), all–day battery life and access to the most advanced AI models. “These experiences come to life on a s...
Microsoft introduces ‘Copilot+ PCs’ for AI era, available from June 18
Microsoft introduces ‘Copilot+ PCs’ for AI era, available from June 18
Source: IANS
2024-05-21 11:32:15 am
Samsung envisions advanced AI-connected life at home Samsung said on Wednesday it will lead the South Korean home appliances market with an advanced artificial intelligence (AI) solution designed to connect all smart devices, simplifying domestic chores and reducing the time and effort required. "We have earned customer trust that Samsung Electronics is leading AI innovation with its products, like AI smartphone and AI Combo washer," Lim Seong-taek, executive vice president in charge of sales and marketing in South Korea, said duri...
Samsung envisions advanced AI-connected life at home
Samsung envisions advanced AI-connected life at home
Source: IANS
2024-05-15 11:24:19 am
India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc Driven by consumers upgrading to higher-value phones across price tiers, India’s smartphone shipments in the January-March quarter (Q1) grew a record 8 per cent (year-on-year) in terms of volume and 18 per cent in terms of value, a report showed on Thursday. 5G smartphone shipments captured their highest-ever share of 71 per cent in volume terms, according to Counterpoint Research. The premium segment reached 20 per cent volume share, its highest ever, and 51 per cent value share ...
India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc
India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc
Source: IANS
2024-05-09 12:26:15 pm
GTPL Hathway shines on launching linear television content on connected TVs through TVKey Cloud GTPL Hathway is currently trading at Rs. 176.40, up by 5.15 points or 3.01% from its previous closing of Rs. 171.25 on the BSE. The scrip opened at Rs. 171.00 and has touched a high and low of Rs. 182.55 and Rs. 168.80 respectively. So far 5957 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.65 on 10-Jan-2024 and a 52 week low of Rs. 102.00 on 19-May-2023. Last one week high and low of the scrip stood at Rs...
GTPL Hathway shines on launching linear television content on connected TVs through TVKey Cloud
GTPL Hathway shines on launching linear television content on connected TVs through TVKey Cloud
Source: Accord Fintech
2024-05-08 12:10:24 pm
Samsung`s affiliate acquires French AI medtech startup Sonio Samsung Electronics said on Wednesday that its medical equipment unit Samsung Medison has acquired the French artificial intelligence (AI) medtech startup Sonio, as part of its effort to expand its AI-powered healthcare solution business. Samsung Medison entered into a share purchase agreement to acquire Sonio, which specialises in AI development for diagnostic reporting in obstetrics and gynaecology ultrasound, reports Yonhap news agency. Through the acquisition of Sonio, Samsung Medis...
Samsung`s affiliate acquires French AI medtech startup Sonio
Samsung`s affiliate acquires French AI medtech startup Sonio
Source: IANS
2024-05-08 11:07:11 am
5G tablet shipments in India surged by 130 pc in Q1 this year The shipments of 5G tablets in India have surged by an impressive 130 per cent (quarter-on-quarter) in the first quarter (Q1) of 2024, a new report showed on Tuesday. According to CyberMedia Research (CMR), the tablet market in the country has experienced an 8 per cent (quarter-on-quarter) growth in Q1. "The rapid rollout of 5G infrastructure and the increasing availability of 5G-enabled tablets are fueling a consumer desire for future-proofing themselves with 5G tablets," sai...
5G tablet shipments in India surged by 130 pc in Q1 this year
5G tablet shipments in India surged by 130 pc in Q1 this year
Source: IANS
2024-05-08 10:31:17 am
Global advanced smartwatch market likely to see 15 pc annual growth in 2024 The global High-Level Operating System (or advanced) smartwatch market is expected to witness 15 per cent annual growth in 2024, a new report said on Monday. According to Counterpoint Research, the major part of this growth will come from non-Apple smartphone users adopting either a Google Wear OS-based smartwatch if outside China or a Huawei HarmonyOS-based smartwatch if in China. The analysts estimated that the Google Wear OS share outside China will climb to 27 per cent in 2024 in th...
Global advanced smartwatch market likely to see 15 pc annual growth in 2024
Global advanced smartwatch market likely to see 15 pc annual growth in 2024
Source: IANS
2024-04-30 09:27:46 am
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc Four major conglomerates saw their combined operating profit plunge 65 per cent last year, hit by sluggish sales amid an economic slowdown, a report showed on Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm. Samsung Group, the country's bigg...
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Source: IANS
2024-04-24 10:17:47 am