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☆ Samsung is developing AI features specifically for China as it looks to claw back into market
▼ + stars: | 2024-07-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

TM Roh, head of Samsung's mobile business, talks about Galaxy AI at the Galaxy Unpacked event in Paris, France. On Wednesday, Samsung launched two new foldable smartphones with new AI features as it continues to build up capabilities. PARIS — Samsung is developing its suite of artificial intelligence features known as Galaxy AI specifically for the Chinese market, the company's mobile chief told CNBC, as it looks to regain market share that has been decimated by local players. But China, the world's biggest smartphone market, has been a struggle for Samsung over the last few years. Foreign firms looking to launch AI features in China likely need to partner with local companies.

Persons: Roh, Roh didn't, Ernie chatbot, Francisco Jeronimo, Jeronimo Organizations: Galaxy, Samsung, CNBC, Huawei, Baidu, Samsung's, Apple, Apple Intelligence, IDC, Xiaomi Locations: Paris, France, PARIS, China, Europe, East, Africa

☆ Samsung to launch upgraded voice assistant Bixby this year with its own AI
▼ + stars: | 2024-07-11 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The voice assistant has a variety of functions including live translations and restaurant recommendations. PARIS — Samsung will launch an upgraded version of its voice assistant Bixby this year based on its own artificial intelligence models, the head of the company's mobile business told CNBC. CNBC previously reported that Samsung was working on an upgraded Bixby, but this is the first time the company has confirmed a timeline for the launch. Roh's confirmation of its Bixby upgrade comes just over a month after Apple announced its assistant Siri will be getting an AI upgrade. I believe strongly that these Galaxy AI, mobile AI are strong motivations and drivers for the purchase of new products."

Persons: Roh, Bixby, Siri Organizations: Galaxy, Samsung's, CNBC, PARIS, Samsung, Apple Locations: Paris, France, Korean

☆ Samsung launches latest foldable phones in the face of rising competition and Apple's AI play
▼ + stars: | 2024-07-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Samsung launched the Galaxy Z Fold6 at its Unpacked event in Paris, France. PARIS — Samsung launched its latest foldable smartphones on Wednesday — and they're packed with artificial intelligence features. The company took the wraps off the Samsung Galaxy Z Fold6 and Z Flip6, which come with improvements from the previous models and are enhanced with Galaxy AI, the company's suite of artificial intelligence features. Samsung's Galaxy Z Fold6, which starts at $1,899.99, is a foldable device that opens out like a book. Both devices are available from July 24, Samsung said at its Galaxy Unpacked event in Paris.

Organizations: Samsung, South, Galaxy Locations: Paris, France, PARIS

☆ Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant
▼ + stars: | 2024-07-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. Arjun Kharpal | CNBCPARIS — Samsung launched the Galaxy Ring on Wednesday, its first foray into "smart rings." Exercise: The Galaxy Ring can detect the kind of workout or activity a person is doing. The Samsung Galaxy Ring will be available on July 24 and starts at $399.99. Samsung ecosystem playOn Wednesday, Samsung also took the wraps off its latest smartwatches — the Galaxy Watch7 and Galaxy Watch Ultra.

Persons: Arjun Kharpal, —, Paolo Pescatore, Pescatore, Kharpal, Francisco Jeronimo, Apple, Ben Wood Organizations: Samsung, CNBC PARIS, Apple, PP Foresight, CNBC, Galaxy, Wednesday, Galaxy Watch, Samsung Galaxy Watch, Korean, IDC, CCS Insight Locations: Paris, France, Europe, East, Africa

☆ Samsung’s AI-powered foldable phones get slimmer, thinner, pricier
▼ + stars: | 2024-07-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

CNN —Samsung’s latest generation of foldable phones aim to draw in traditional phone users with the help of artificial intelligence. The new Galaxy Z Fold starts at $1,899.99, up $100 from last year, and is available in silver, pink and navy. Meanwhile, the Z Flip starts at $1,099.99 (also $100 more than last year) and comes in silver, yellow, blue and mint. Samsung’s foldable line occupies between 80% and 85% of the market share. But those same people might prefer to sleep with a smart ring on their finger rather than a smartwatch on their wrist.

Persons: CNN —, Price, David McQueen, ”, Roh —, —, “, ” Roh, Gemini, Samsung’s, Siri, McQueen, Roh, Oura, Francisco Jeronimo, ” Jeronimo Organizations: CNN, ABI Research, Galaxy, Google, Huawei, Motorola, Apple, Samsung, IDC Research, IDC Locations: Paris, wearables

☆ 'Green Bubble Stigma' Shows Apple's Power to Create a Prestige Brand
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

One thing that is definitely not "cool," it seems, is having a green text bubble. In the filing, it says people without Apple devices often feel a "social stigma, exclusion, and blame for 'breaking' chats where other participants own iPhones." "Brands that have a really well-established image, Apple's cool image, for instance, that they worked on to establish over the years — consumers really see that as a legitimate signal of their own coolness to themselves and other people." Consumers really care about using products and brands to express who they are to themselves and the world around them. And if you've ever watched "Ted Lasso" or anything else on Apple TV+, you've perhaps noticed iPhones and Apple products are ubiquitous.

Persons: Apple, Steve Jobs, you've, Ted Lasso, Louis Vuitton, Joseph Nunes, they're, They're, Joshua Clarkson, Nunes, that's, doesn't, Ordabayeva, Emily Stewart Organizations: Apple, Justice Department, Dartmouth's Tuck School of Business, Brands, Samsung, Google, Motorola, USC Marshall School of Business, University of Cincinnati, Consumers, Business Locations: New Jersey, Cupertino , California, iMessage

☆ Green Bubble Stigma: Apple's Genius Marketing Trick to Make iPhones Cool
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

☆ Samsung debuts a 'smart ring' with health-tracking features — its first foray into the product category
▼ + stars: | 2024-02-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

The Samsung Galaxy Ring has various sensors to track things like heart rate. Samsung teased the Galaxy Ring in January during the press conference when it launched the S24 smartphone. All of that will be accessible through the Samsung Health app. The Galaxy Ring is the newest product category in health. The Samsung Galaxy Ring will work in conjunction with Samsung's smartwatches.

Persons: Pak, Samsung's smartwatches Organizations: Samsung, Samsung BARCELONA, CNBC, Samsung Electronics, Samsung Health, South, Mobile, Samsung Pak Locations: Barcelona

SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. Samsung’s operating profit was measured at 2.8 trillion won ($2.1 billion) for the three months through December, compared to 4.3 trillion ($3.2 billion) from the same period last year. Its operating profit for the full year 2023 was at 6.5 trillion won ($4.8 billion), which marked an 85% decline from 2022 and represented the company’s lowest since 2008, when global markets were weathering a financial crisis. While the company’s semiconductor division posted a loss of 14.9 trillion won ($11 billion) in 2023, the losses narrowed during the fourth quarter, with the DRAM business returning to profit. “In 2024, the memory business expects the market to continue to recover despite various potential obstacles, including interest rate policies and geopolitical issues,” Samsung said in a statement.

Persons: “, ” Samsung Organizations: Samsung Electronics Locations: SEOUL, South Korea, Korean

☆ Samsung Galaxy S24 lineup goes all in on AI
▼ + stars: | 2024-01-17 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Samsung’s next-generation flagship Galaxy S24 devices aim to take messaging, photos and games to the next level with artificial intelligence. At its annual Samsung Galaxy Unpacked event on Wednesday, the company showed off its Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones, in what it says will usher in the next era of how people use their smartphones. The 6.2-inch Galaxy S24 ($799.99) and the 6.7-inch Galaxy S24+ ($999) are available in onyx black, marble gray, cobalt violet and amber yellow. Standing outAlthough AI on smartphones isn’t entirely new — Google’s latest Pixel 8 lineup launched in October 2023 with many AI features — Samsung’s scale could make more consumers aware of the possibilities. Some on-device generative AI features could be made exclusive to iPhone 16 models, thanks in part to its custom chips.

Persons: CNN — Samsung’s, ”, Jitesh Ubrani, “, Siri, IDC’s Organizations: CNN, Samsung Galaxy, Galaxy, Samsung, IDC, Apple, Android, ABI Research

SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported its highest quarterly profit for the year as losses from its computer chip business narrowed amid a slow recovery in global demand. Samsung said it expects its business to further improve in coming months, considering the replacement cycles of personal computers and smartphones and the expansion of artificial intelligence-based devices and services, which has been increasing the demand for its DRAM chips. The South Korean technology giant’s 2.43 trillion won ($1.8 billion) operating profit for the three months to September still marked a 77.6% decline from the same period last year as the company in past months has grappled with weak memory chip prices and the global economic shock of Russia’s war on Ukraine. The company’s 67.4 trillion won ($50 billion) revenue for the last quarter was a 12.2% drop from a year earlier. Samsung said the losses from its memory chip business fell from 4.36 trillion won ($3.2 billion) in the second quarter to 3.75 trillion won ($2.78 billion) for the July-September period.

Persons: Samsung Organizations: Samsung Electronics, Samsung Locations: SEOUL, South Korea, Ukraine

☆ Stellantis, Samsung SDI to build $3.2 billion EV battery plant in Indiana
▼ + stars: | 2023-10-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Samsung SDI and automaker Stellantis plan to invest more than $3.2 billion in a new electric vehicle battery plant in Kokomo, Indiana. The facility — Stellantis' sixth battery plant announced globally — was largely expected, but the location and timing are notable. Battery plants have become a main issue in the labor talks, as the UAW views EV battery jobs as crucial to its long-term viability. General Motors last week agreed to include workers at its EV battery plant in the company's national contract with the union, which Fain called a "transformative win." Fain said the union expects Stellantis and Ford Motor to follow suit, including battery plant workers in eventual contract agreements.

Persons: Stellantis, Shawn Fain, Fain Organizations: Dodge, DETROIT — Samsung SDI, United Auto Workers union, UAW, Battery, EV, General Motors, Ford, GM Locations: Pontiac , Michigan, Kokomo , Indiana, Stellantis, Kokomo

☆ Missiles aren't the only threat from North Korea. Its conventional arms are just as deadly
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."

Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea

☆ Samsung Forecasts Worst Profit in Over a Decade as Tech Slump Hits Memory Chips
▼ + stars: | 2023-04-06 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Samsung’s earnings forecast for the first quarter were far below market projections. SEOUL— Samsung Electronics Co. said it expects a steep fall in its first-quarter profit, dropping to levels last seen during the financial crisis as an extended slump in the tech sector hits its memory-chip business hard. Samsung said Friday that its operating profit for the January-March quarter was expected to have dropped by around 95.8% from the prior year to 600 billion won, or roughly $455 million, in what would be the smallest quarterly operating profit since 2009. Revenue for the three-month period is expected to drop by 19% from a year earlier to 63 trillion won.

☆ South Korea Says U.S. Chips Act Subsidies Have Too Many Requirements
▼ + stars: | 2023-03-07 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufacturers, but South Korea says there are too many strings attached. The conditions for receiving the subsidies unveiled last week are putting two of South Korea’s biggest chip makers— Samsung Electronics Co. and SK Hynix Inc.—in a difficult position as they decide whether to apply for the federal funding, government officials and industry analysts said.

☆ Samsung is 'working out' a roadmap for mixed reality devices as rumors of an Apple headset swirl
▼ + stars: | 2023-03-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article SSNLF Follow your favorite stocks CREATE FREE ACCOUNTSamsung is working out a roadmap for its mixed reality products, according to a senior executive. In 2015, the company launched a virtual reality headset called the Gear VR (pictured). Now Samsung is looking for a new direction in mixed reality, an area tech giants think could mark a huge shift in computing. Patrick Chomet, an executive vice president at Samsung Electronics, told CNBC in an interview that the company is "working out" a roadmap for mixed reality products. Qualcomm sells a series of chips called Snapdragon XR specifically designed for mixed reality products, such as headsets.

☆ Samsung Expects Sluggish Demand to Drag On as Profit Slides
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co. expects demand for semiconductors and smartphones to remain sluggish as macroeconomic challenges and fears of a recession continue to hurt sales, but it said a recovery could be possible in the second half. Economic uncertainties are weakening momentum for any short-term rebound in demand for memory chips, Samsung’s main cash cow, said Kim Jae-june, executive vice president for global sales and marketing at the company’s memory business, in an earnings call on Tuesday.

☆ Samsung Expects Sluggish Demand to Continue After Posting 69% Drop in Profit
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

☆ Samsung Electronics Operating Profit Falls 69% on Lower Tech Demand
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co.’s fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp drop-off in demand and high inventories. On Tuesday, the South Korean tech giant reported a 69% drop in operating profit in the fourth quarter compared with the prior year due to a decline in demand for tech products including PCs and smartphones and the semiconductors that go inside them.

☆ Samsung Expects 69% Drop in Profit on Slumping Tech Demand
▼ + stars: | 2023-01-06 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co. said it expects its fourth-quarter profit to plunge as the firm’s mainstay memory-chip and smartphone businesses face a sharp pullback in demand, showing the extent of the global tech downturn after pandemic highs. The South Korean tech giant on Friday forecast its operating profit in the quarter ending Dec. 31 to drop by 69% from the prior year to 4.3 trillion won, the rough equivalent of $3.4 billion.

☆ Samsung Expects Big Drop in Profits on Slumping Tech Demand
▼ + stars: | 2023-01-06 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co. said it expects its fourth-quarter profits to plunge as the firm’s mainstay memory-chip and smartphone businesses face a sharp pullback in demand, showing the extent of the global tech downturn after pandemic highs. The South Korean tech giant on Friday forecast its operating profit in the quarter ending Dec. 31 to drop by 69% from the prior year to 4.3 trillion won, the rough equivalent of $3.4 billion.

☆ Samsung’s Consumer-Products CEO Expects Tech Slump to Persist Through 2023
▼ + stars: | 2023-01-05 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Han Jong-hee, vice chairman and co-CEO of Samsung, speaking at the CES annual trade show in Las Vegas last year. SUWON, South Korea— Samsung Electronics Co.’s consumer gadgets chief expects demand for tech gadgets to remain sluggish through this year as high inflation, rising interest rates and a strong dollar weigh on sales. Han Jong-hee, vice chairman and co-CEO of the South Korean technology company, said he hoped the current industry downturn, which has pulled Samsung back from a run of record profits, will begin to improve in the second half of the year.

☆ Jay Y. Lee Formally Becomes Samsung’s Leader
▼ + stars: | 2022-10-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Jay Y. Lee had been serving as the de facto head of Samsung. SEOUL— Samsung Electronics Co. has officially appointed Lee Jae-yong as executive chairman, an elevation in title that formalizes the all-encompassing role he has played for years at South Korea’s largest business conglomerate. The 54-year-old Mr. Lee—who goes by Jay Y. Lee in the West—had previously held the title of Samsung Electronics vice chairman. He takes over a position previously held by his father, Lee Kun-hee, who died two years ago and had been incapacitated after a 2014 heart attack.

☆ Samsung’s De Facto Leader, Jay Y. Lee, Formally Takes the Top Job
▼ + stars: | 2022-10-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Jay Y. Lee had been serving as the de facto head of Samsung. SEOUL— Samsung Electronics Co. officially appointed Lee Jae-yong as its executive chairman, formalizing the all-encompassing leadership role he has long played at South Korea’s largest business conglomerate. The 54-year-old Mr. Lee—who goes by Jay Y. Lee in the West—had previously held the title of Samsung Electronics vice chairman. He takes over a position previously held by his father, Lee Kun-hee, who died two years ago after being incapacitated by a 2014 heart attack.

☆ Samsung Electronics Feels Sting of Memory-Chip Decline, as Net Profit Falls 24%
▼ + stars: | 2022-10-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics saw profits slump as prices of memory chips, its main source of income, have plunged as the semiconductor industry goes through a downturn. The South Korean tech giant on Thursday posted a 23.6% decline in net profit in the third quarter compared with the prior year, owing to weak demand for tech products including PCs and smartphones. The weakness echoes sour results seen elsewhere this week with other tech giants like Google’s Alphabet Inc., Microsoft and Facebook parent Meta Platforms Inc.

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