Samsung Electronics

Samsung Electronics on Friday said it has cut memory production in the short term, as its quarterly profit plunged significantly (likely 96 per cent) amid the chip downturn, in a sharp departure from its previous position…

Samsung Electronics said on Friday its fourth-quarter operating profit likely plunged 69 per cent from a year earlier due to sliding memory chip prices as an economic slowdown pummelled demand for IT gadgets and servers.

There were few big surprises and eye-popping innovations at Samsung Electronics' media events, where its latest home gadgets were on full display ahead of the opening of CES 2023.

Samsung Electronics on Thursday appointed a former trade minister as one of its two new outside directors at its extraordinary general meeting.

Samsung Electronics and chip-maker SK hynix will strive for smooth business operations in China, in spite of the latest US export controls, on the basis of continued consultations with governments concerned, according to…