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The Star
31-07-2025
- Business
- The Star
Samsung Q2 profit drops 55% on weak AI chip sales, China curbs
A woman walks past a logo of Samsung Electronics displayed on a glass door at the company's Seocho building in Seoul on July 8, 2025. (Photo by Jung Yeon-je / AFP) SEOUL: Samsung Electronics reported on Thursday a 55% drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments and U.S. export curbs on advanced chip sales to China continued to drag on its key semiconductor division. The world's largest memory chip maker posted 4.7 trillion won ($3.37 billion) in operating profit for the April-June period, its weakest in six quarters. The result was roughly in line with its earlier estimate of 4.6 trillion won, which had disappointed investors. Its revenue rose 0.7% to 74.6 trillion won, in line with its earlier estimate of 74 trillion won. Samsung's chip division posted a profit of 400 billion won during the quarter, down from 6.5 trillion won a year earlier, marking the first time in six quarters that the figure has dropped below the 1 trillion won mark. Samsung said in a statement that inventory value adjustments to memory chips and one-off costs from the impact of U.S. export restrictions on sales to China on its contract chipmaking business lowered the division's profit. Prolonged weakness in its financial performance has deepened investor concerns over the South Korean tech giant's ability to catch up with smaller rivals in developing high-bandwidth memory chips sold to customers including Nvidia and used in artificial intelligence data centres. Samsung reported earnings just days after Tesla said it had signed a $16.5 billion deal to source chips from the tech giant, a move that could bolster the South Korean company's struggling foundry business that makes chips on contract. Shares of Samsung Electronics were trading up 0.7% in the morning trade, in line with the benchmark KOSPI's 0.7% rise. ($1 = 1,393.4100 won) - Reuters Trading ideas: Dialog, Zetrix, Kwasa, Alliance, BIG, Steel Hawk, Dayang, Paramount, Samaiden, SP Setia, MMM, CIM, Axis REIT, Pantech, Destini, EcoFirst
Sinar Daily
15-07-2025
- Business
- Sinar Daily
Samsung alone records growth in shrinking global smartphone market
According to data from market tracker Canalys, Samsung accounted for 19 per cent of the global smartphone market in terms of shipments. 15 Jul 2025 11:03am A visitor touches the Samsung Galaxy Z Fold7 smartphone at a Samsung store in Seoul on July 10, 2025. (Photo by Jung Yeon-je / AFP) SEOUL - Samsung Electronics Co. maintained its lead in the global smartphone market in the second quarter, supported by sales of its competitively priced Galaxy A models, industry data showed on Tuesday, Yonhap News Agency reported. According to data from market tracker Canalys, Samsung accounted for 19 per cent of the global smartphone market in terms of shipments. A visitor examines the Samsung Galaxy Z Flip7 smartphone at a Samsung store in Seoul on July 10, 2025. (Photo by Jung Yeon-je / AFP) iPhone maker Apple Inc. ranked second with 16 per cent, followed by China's Xiaomi Corp., which took up 15 per cent. Samsung was the only smartphone maker that posted an on-year growth of 3 per cent, while Apple declined by 2 per cent and Xiaomi remained unchanged. The global smartphone market recorded its first decline in six quarters, shrinking by 1 per cent amid a slower-than-expected recovery in consumer demand and economic uncertainties. However, the impact of the US government's tariff policies, coupled with healthy inventory levels of newly released devices, could impact the supply and demand in the market, Canalys said, leaving room for growth in the second half of the year. - BERNAMA-YONHAP More Like This
Sinar Daily
02-07-2025
- Entertainment
- Sinar Daily
'Squid Game 3' smashes Netflix's charts as entire franchise enters top 10
The third and final season of the Korean original show drew a staggering 60 million views during the June 23 to 29 period. 02 Jul 2025 01:32pm A statue of Young-hee, the iconic doll character of Squid Game, is seen on a street during a parade event for Netflix's South Korean TV series "Squid Game Season 3" in Seoul on June 28, 2025. - (Photo by Jung Yeon-je / AFP) SEOUL - "Squid Game" Season 3 dominated Netflix's weekly charts by a significant margin, Yonhap news agency reported the streaming platform said Wednesday. The third and final season of the Korean original show claimed the top spot of Netflix's non-English chart, drawing a staggering 60 million views during the June 23 to 29 period. The season's viewership was nearly 10 times that of its closest competitor, the Spanish series "Olympo." The latest season's immense popularity also sparked renewed interest in the entire saga. Season 2 and Season 1 entered the chart at No. 3 and No. 6, respectively. Lee Jung-jae attends Netflix's "Squid Game" Season 3 premiere at The Plaza Hotel on June 18, 2025 in New York City. - (Photo by Michael loccisano / GETTY IMAGES NORTH AMERICA / AFP) The phenomenon wasn't limited to non-English shows. "Squid Game" Season 3's viewership single-handedly surpassed the 34.5 million combined total of all top 10 English-language series. It towered over the leading English show, "The Waterfront," which captured 11.6 million views. The final six episodes, released last Friday, brought the global acclaimed story of Gi-hun and the deadly competition to its dramatic conclusion. - BERNAMA More Like This
Sinar Daily
01-07-2025
- Entertainment
- Sinar Daily
BTS to release first-ever live album "Permission to Dance on Stage" on July 18
It hopes the album serves as an opportunity for fans to "recall the memories" of the concerts and wished for "every moment spent with BTS to shine brightly in your hearts for a long time." 01 Jul 2025 02:17pm South Korean boy band BTS performs onstage during the 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas on April 3, 2022. Photo by Valerie Macon/AFP FILE PIX SEOUL - K-pop supergroup BTS will release its first-ever live album this month, the group's agency, BigHit Music, announced Tuesday, offering fans a chance to relive the global "Permission to Dance on Stage" tour, Yonhap News Agency reported. The album, "Permission to Dance on Stage -- Live," will roll out July 18, featuring 22 tracks recorded during the 2021-2022 tour, including live renditions of hit songs, such as "On," "Fire," "Dope" and "Idol," according to the agency. It said in a statement that it hopes the album serves as an opportunity for fans to "recall the memories" of the concerts and wished for "every moment spent with BTS to shine brightly in your hearts for a long time." Fans of K-pop boy band BTS pose for photos as they queue up for the annual 'BTS Festa' celebrating the group's debut anniversary at KINTEX exhibition centre in Goyang on June 13, 2025. Photo by Jung Yeon-je/AFP The "Permission to Dance on Stage" tour spanned 12 shows across three cities: Seoul, Los Angeles and Las Vegas. It drew a total of four million members of ARMY, the group's devoted fan base, through various platforms, including online livestreaming. The tour also marked a significant milestone for the septet, as they became the first Korean artists to perform at major United States (US) venues, including SoFi Stadium in Los Angeles and Allegiant Stadium in Las Vegas. For the record, all seven BTS members have now completed their mandatory South Korean military service. Suga was the last member to be discharged, finishing his alternative service as a social service agent on June 21. This marks the end of the group's hiatus and fans are excited for a full reunion and potential new music from the group. - BERNAMA-YONHAP Permission to Dance on Stage
Toronto Sun
28-06-2025
- Entertainment
- Toronto Sun
Fans celebrate 'Squid Game' finale with Seoul parade
Jung Yeon-je/AFP Photo by Jung Yeon-je / AFP Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Seoul (AFP) — Thousands of fans gathered in Seoul on Saturday to celebrate the final 'Squid Game' season, ending a global Netflix hit that is seen as a symbol of South Korea's cultural clout. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The third and final season was released Friday, concluding the series that sees desperate people compete in deadly versions of traditional children's games for a massive cash prize. Director Hwang Dong-hyuk said he had 'poured everything' into the series, which launched nearly four years ago. 'So while it's sentimental to see it end,' he said, 'there's also a sense of relief'. Fans gathered near Seoul's Gyeongbokgung Palace, led by marchers dressed in the bright pink uniforms worn by the show's mysterious masked agents. They were followed by others carrying oversize toys from one of the games featured in the series, along with the show's flag. Park Sang-gyu, a fan who stayed up all night watching the final season, said the dystopian drama was 'ultimately a story about people'. This advertisement has not loaded yet, but your article continues below. 'As you watch, you realise it's not just about the games — it reflects many aspects of real life.' The walls of the Seoul Metropolitan Library were lit up with key scenes, including Young-hee — the giant motion-sensing animatronic doll featured in one of its brutal games. Lee Byung-hun, who played the masked Front Man overseeing the competition, said the show had become 'something of a cultural phenomenon'. 'One that has drawn one of the boldest lines in the history of Korean content,' he said. The first two seasons of the series are among Netflix's most-watched shows, and in 2022, Hwang and the show's leading actor, Lee Jung-jae, became the first Asian men to win Emmy Awards. The final season follows its hero Gi-hun, played by Lee, as he returns to the ultra-violent games to dismantle them from within after surviving the first round. Along with filmmaker Bong Joon-ho's Oscar-winning 2019 thriller 'Parasite' and K-pop sensation BTS, 'Squid Game' is considered one of the most powerful examples of South Korea's rise as a global cultural force. © 2025 AFP NHL Columnists Sunshine Girls Toronto Raptors Sunshine Girls
