Samsung expects AI to drive sales of chips and smartphones in 2024
Strong chip and smartphone sales helped Samsung post a tenfold increase in profit for the first quarter.
Strong chip and smartphone sales helped Samsung post a tenfold increase in profit for the first quarter.
Samsung wants to become the world's largest vendor of chips again within three years as it locks horns with SK Hynix, Intel, and TSMC. Will it succeed?
The acquittal could free up Samsung's top boss to make major decisions involving the world's largest maker of consumer electronics and memory chips.
The strong sales of Galaxy Z Fold 5 and Galaxy Z Flip 5 foldable smartphones somewhat offset the continuing profit loss of the tech giant's chip business.
It is one feature among many coming with Galaxy AI that will debut with Galaxy S24 smartphones launching early next year.
Samsung has narrowed its loss however which could indicate the start of a rebound for the semiconductor market.
Solid performance from its mobile business allowed Samsung to save face and the company expects the chip market to stabilize in the second half of the year.
Expect slimmer and lighter foldable smartphones as well as potentially a new tablet and wearables at Unpacked on July 26, Samsung's mobile boss says.
Samsung hit its worst profit in over a decade again for the second time as the memory chip downturn continues.
The Samsung Gangnam store comes with an Instagrammable photo zone and is designed to attract younger customers.