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☆ 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.

☆ Samsung Gets One-Year Exemption From New U.S. Chip Restrictions on China
▼ + stars: | 2022-10-13 | by ( Jiyoung Sohn | Asa Fitch | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics has been granted a one-year exemption from new U.S. restrictions that block exports of advanced chips and related equipment to China, according to people familiar with the matter, joining a list of American-allied semiconductor giants that have received dispensation. The U.S. Department of Commerce granted Samsung authorization to continue receiving chip-making equipment and other items needed to maintain its memory-chip production in China, the people said. The South Korean firm operates chip facilities in two Chinese cities.

☆ Samsung, SoftBank Chiefs Set to Discuss Potential Partnership Involving Chip Designer Arm
▼ + stars: | 2022-09-22 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung de facto chief Lee Jae-yong and SoftBank Group Chief Executive Masayoshi Son are set to meet in Seoul next month to discuss a potential partnership involving chip designer Arm Ltd., in what could become a powerhouse union between two of the world’s semiconductor giants. Son said Thursday that he would visit South Korea to meet with Samsung Electronics Co. about a strategic alliance with Arm, which is owned by SoftBank, the Japanese conglomerate. That confirmed similar remarks of a visit by Mr. Son from the prior day by Mr. Lee, whose signoff is required for any major move made by the South Korean conglomerate.

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▼ + stars: | 2020-11-20 | by ( Mld Media Srl | ) noi.md time to read: +6 min

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