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 […]
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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 […]
Samsung releases Earnings Guidance for Q4 2021
Samsung has announced its earnings guidance for the recently concluded quarter. According to the figures based on K-IFRS, Samsung’s Q4 2021 consolidated sales will be in the range of 76 trillion Korean won while the operating profit will hover in the range of 13.8 trillion won. The estimates also include the one-time special bonus payment […]
Samsung SDI will release batteries under the PRiMX brand
Samsung SDI today announced a new brand to market its batteries. The new batteries manufactured by Samsung’s subsidiary will be marketed under the PRiMX brand that stands for ‘Prime Battery for Maximum Experience’. Samsung says the rebranding focuses on three things – quality, performance and advantage. PRiMX batteries are touted to be the “safest and […]
Samsung will attend CES 2022 despite Omicron scare
Samsung has confirmed the company will have a physical presence at the upcoming CES 2022 technology show in Las Vegas next month. This comes after many global companies and publications covering the show decided to withdraw their in-person participation after witnessing a surge in Covid-19 cases in the United States due to the Omicron variant. […]