Samsung Electronics

Samsung Electronics appoints new chip business heads, CFO in reshuffle

Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said

Samsung Electronics shares hit 4-year low on Trump risks, AI chips

The South Korean tech giant is the worst performing stock among global chipmakers like TSMC and Nvidia this year

Samsung Electronics India posts 4% revenue rise to Rs 102,626 crore in FY24

Its revenue from the telephone sets, hand held devices segment was at Rs 71,283 crore. Hand held phones contributed 71.61 per cent to total revenues

Samsung's profit rises beating estimates after broader biz offsets AI gloom

Samsung has lost about a quarter of its value this year, as the once-dominant memory chipmaker struggled to get its latest chips certified by Nvidia Corp. for use in AI accelerators

Samsung Electronics' workers in TN to resume work from Thursday: CITU

Workers at the Samsung India Electronics Ltd, who ended their strike demanding better pay and working conditions, would resume work from tomorrow, the Centre of Indian Trade Unions (CITU) said on Wednesday. The CITU has been spearheading the protest by the employees since September 9, pressing for various demands including pay revision, and recognition of the newly formed Samsung India Workers Union backed by it. The announcement of the decision to resume work, comes a day after the Tamil Nadu government said that the 37 day strike was called off following discussions held between the representatives of the workers and the company's management. A general body meeting of the CITU was held on Wednesday near the factory in Sriperumbudur, which was attended by the agitating workers, sources said. "Strike has been called off. The employees will work from tomorrow (Oct 17)," CITU State President A Sounderarajan told PTI after emerging from the meeting. He also clarified that as per the

TN govt urges workers to resume work as Samsung accepts most of the demands

The Tamil Nadu government on Wednesday said Samsung India Electronics has accepted most of the demands of workers, who commenced strike on September 9, and reiterated its request that employees resume work immediately. In a related development, on Tuesday night, some participants/those related to the strike were arrested by police and were later released 'on their own bond' by a magistrate. A key demand of the Samsung workers, registration of their union, backed by the CPI(M) affiliated Centre of Indian Trade Unions (CITU), is, however, yet to be accepted by the authorities. Deputy Chief Minister Udhayanidhi Stalin said Samsung, a multinational, has its own rules. The only bone of contention is registration of the workers union. "Samsung says that they will not accept a Union which has a political affiliation. This is their stand. Currently, discussions are going on," he told reporters. According to Finance Minister Thangam Thennarasu, the matter is in the court right now in view o

Samsung India workers reject settlement offer, strike enters second month

Samsung this week made a proposal to provide a monthly incentive of Rs 5,000 ($60) until March, more air conditioned buses, a diversified cafeteria menu and a gift card of $24 in case of a child birth

Samsung apologises for disappointing profit as it struggles in AI chips

Samsung's late response to the AI chip market increases its reliance on traditional, lower-margin chips, making it more vulnerable to competition from China and slowing demand for smartphones and PCs

Samsung set to report four-fold jump in profit, recovery pace slows in Q3

The South Korean company has been scrambling to catch up with smaller rivals SK Hynix and Micron

28 days on, no end in sight to strike at Samsung's Sriperumbudur plant

Sources aware of the talks among the state government, employees, and the company blame Citu, which is leading the protests, for the impasse

Chennai police detains 900 workers, union members as Samsung strikes go on

More than 1,000 workers have disrupted production and protested close to the factory since September 9

Samsung Fab Grab Fest sale: Check deals and offers on phones, tablets, more

In Samsung Fab Grab Fest, customers can receive up to 53 per cent off on select Galaxy smartphones and up to 74 per cent off on Galaxy tablets and wearables

Samsung invests $1.8 bn more in Vietnam for OLED manufacturing plant

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies

Samsung Electronics workers to continue strike after talks end without deal

Appliances including televisions, refrigerators and washing machines are made at the plant, which contributes 20 per cent to 30 per cent of Samsung Electronics' annual revenue of $12 billion in India

Tamil Nadu labour minister to meet Samsung officials to resolve strike

Appliances such as televisions, refrigerators and washing machines are made at the plant, which contributes 20% to 30% of Samsung's annual revenue of $12 billion in India

Samsung plans global job cuts of up to 30% in some divisions: Report

South Korea-based Samsung has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15 per cent and the administrative staff by up to 30 per cent

Workers' strike at Samsung India plant enters Day 2, production affected

They put up tents outside the factory in Sriperumbudur near the city of Chennai as they prepared to boycott work

Workers at Samsung Electronics plant begin strike, production hit

The strike comes after Samsung Electronics' biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses after talks with management fell through

Samsung Crystal 4K Dynamic TV launched with 4K Upscaling, AirSlim Design

Samsung Crystal 4K Dynamic TV is available in 43-inch and 55-inch screen sizes, and priced at Rs 41,990 onwards