SK Hynix has overtaken Samsung Electronics to become South Korea’s most valuable listed company, ending Samsung’s hold on the top spot since 2000. The shift occurred on Monday, driven by demand for SK Hynix’s high-bandwidth memory (HBM) chips used in AI systems. Shares of SK Hynix closed up 5.6%, taking its market capitalisation to 2,080.4 […]
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Samsung Appoints Won-Jin Lee as Head of Visual Display Business
Samsung has appointed President Won-Jin Lee as the new Head of the Visual Display Business. Won-Jin Lee previously served as Head of the Global Marketing Office, where he built the foundations for Samsung’s TV and mobile service businesses. Samsung expects Lee to drive business turnarounds and identify new growth areas for the Visual Display division, […]
Samsung Posts Record Q1 2026 Results Driven by AI Memory Demand
Samsung reported its highest-ever quarterly revenue and operating profit for Q1 2026, with AI-related memory demand and flagship smartphone sales driving results across divisions. The company posted consolidated revenue of 133.9 trillion won for the quarter ended March 31, 2026, a 43% increase quarter-on-quarter while the operating profit reached 57.2 trillion won. Device Solutions leads […]
Samsung and OpenAI Collaborate to Drive Next-Generation AI Infrastructure
OpenAI and several Samsung affiliates signed a letter of intent (LOI) that will help AI advancements quicker. Different Samsung affiliates will work on different objectives with Samsung Electronics aiming to supply high-performance DRAM chips to support OpenAI’s “Stargate” initiative. With the plan to manufacture up to 900,000 wafers of DRAM per month, this accelerated capacity […]
Korean court acquits Samsung Chairman JY Lee
The appellate court today ruled in favor and clearing Samsung Electronics’ Chairman JY Lee of any financial wrongdoings. The Seoul high court stood by the lower court’s verdict from last February and found Lee not guilty of any accounting fraud or stock manipulation during the 2015 merger of two Samsung affiliates, Cheil Industries and Samsung […]