Samsung Electronics Co., Ltd.·Technology

South Korea's deputy PM said there are concerns as to whether AI could worsen the gap between the rich and poor, or lead to job losses. This comes days after a strike at South Korean giant Samsung Electronics was suspended.

Daniel Wang, CFO of Shanghai Huahong Grace Semiconductor Manufacturing Corporation, says demand from AI, industrials and automotive clients is keeping its fabs running above full capacity, with momentum expected to continue into 2026. He argues the memory boom may last longer because of AI, but warns the semiconductor industry remains fundamentally cyclical.

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Samsung Canada announced the continued expansion of its national retail footprint with the upcoming openings of three new Samsung Experience Stores.

Members of Samsung Electronics' South Korean union will begin voting on Friday on a tentative pay deal reached with the company, with voting due to run into next week, according to a union notice on its website.

Samsung Electronics (SSNLF) has become the pressure point where South Korea's AI ambitions, labor politics, and investor expectations are now colliding. Workers

The pay deal reached between Samsung Electronics and its union is being hailed as a win for the company which gained key concessions and averted a massive strike, as well as for its memory chip workers - some of whom will receive $416,000 bonuses.
Samsung Electronics Co., Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. It provides home appliances comprising of refrigerators, air dresser, washing machines, dryers, cooking appliances, dishwashers, vacuum cleaners, air conditioners, and air purifiers. The company also offers TVs, sound devices, smartphones, tablets, monitors, smart and LED signages, watches, and other accessories, as well as provides memory storage solutions. In addition, it provides medical equipment; software design, development, and supply; toll processing of semiconductors and display panels; general logistics agency, financing, marketing, consulting, and technology and cloud services; venture capital investment; enterprise automation solutions and connected services; installation and optimization services for network devices; and digital advertising platforms. The company serves retail, hospitality, finance, transportation, education, government, manufacturing, public safety, and healthcare industries. Samsung Electronics Co., Ltd. was founded in 1938 and is based in Suwon-si, South Korea.
Technology
Consumer Electronics
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2001-08-06
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