Samsung officially names third-generation heir Lee  Jae-yong as chairman

Samsung officially names third-generation heir Lee Jae-yong as chairman

Samsung’s announcement that Lee is its new chairman came shortly after the company reported a 31% drop in profit for the three months through September. Samsung’s announcement that Lee is its new chairman came shortly after the company reported a 31% drop in profit for the three months through September. Samsung Electronics has officially appointed […]

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Samsung seeks tax breaks on 2 billion potential chip plants in Texas

Samsung seeks tax breaks on $192 billion potential chip plants in Texas

The plants are estimated to cost $12 billion to $23 billion each and create at least 900 jobs The plants are estimated to cost $12 billion to $23 billion each and create at least 900 jobs Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments […]

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Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Samsung posted an operating profit of 14 trillion won, up 11% from 12.57 trillion won a year earlier Samsung posted an operating profit of 14 trillion won, up 11% from 12.57 trillion won a year earlier South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong […]

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Samsung starts chip production with 3-nanometre technology

Samsung starts chip production with 3-nanometre technology

Compared to the 5nm process, the first-generation 3nm process can reduce power consumption by up to 45%, improve performance by 23% and reduce area by 16% Compared to the 5nm process, the first-generation 3nm process can reduce power consumption by up to 45%, improve performance by 23% and reduce area by 16% Samsung Electronics said […]

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Samsung Elec starts 3-nanometre chip production to lure new foundry customers

Samsung Elec starts 3-nanometre chip production to lure new foundry customers

Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up […]

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