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Korea Herald
3 days ago
- Business
- Korea Herald
Lee likely to meet business leaders later this week ahead of G7 summit
President Lee Jae-myung is expected to meet with top business leaders and heads of major economic organizations later this week, ahead of his participation in the Group of Seven summit in Canada, industry sources said Monday. According to the sources, the presidential office is arranging the meeting for Thursday or Friday, with the Korea Chamber of Commerce and Industry coordinating final details on behalf of the business community. The gathering is expected to bring together the heads of South Korea's five major conglomerates -- Samsung Electronics Co. Chairman Lee Jae-yong, SK Group Chairman and KCCI Chairman Chey Tae-won, Hyundai Motor Group Chair Euisun Chung, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin. Other business leaders expected to attend include Sohn Kyung-shik, chairman of the Korea Enterprises Federation, and Yoon Jin-sik, chairman of the Korea International Trade Association. The meeting appears to be aimed at reviewing both domestic and global economic conditions and gathering input from the business community on key pending issues ahead of Lee's participation in the G7 summit, scheduled for June 15-17 in Alberta, Canada. On his first day in office, Lee ordered the formation of an emergency economic task force, and was briefed on the current state of the local economy and the potential impact of a supplementary budget, underscoring his administration's focus on economic recovery as a top policy priority. (Yonhap)
Yahoo
15-05-2025
- Business
- Yahoo
Samsung Blindsides Apple With Razor-Thin Galaxy S25 Edge: Here's How Much It Will Cost
On Monday, Samsung Electronics Co. (OTC:SSNLF) launched the Galaxy S25 Edge, a 5.8 mm-thin, 163-gram smartphone, just four months after unveiling the rest of the S25 series. What Happened: The ultra-slim device features a 6.7-inch display, a dual-camera system, and the company's latest AI-powered features. The Galaxy S25 Edge packs a powerful 200MP main camera, offering ultra-high resolution for detailed photos in any lighting condition. A secondary 12MP ultra-wide lens with autofocus enables crisp macro shots. It also brings AI-powered editing tools to the table, including Audio Eraser, which removes unwanted background noise from videos and Drawing Assist, a feature designed to enhance or correct hand-drawn sketches. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Under the hood, the S25 Edge runs on Qualcomm Inc.'s (NASDAQ:QCOM) Snapdragon 8 Elite Mobile Platform. Price and Availability: Preorders for the Samsung Galaxy S25 Edge are now open at Inc. (NASDAQ:AMZN), Best Buy Co. Inc. (NYSE:BBY), and major U.S. carriers. The phone will be available in stores on May 30, 2025. Pricing starts at $1,099.99 for 256GB and $1,219.99 for 512GB, with color options including Titanium Silver, Titanium Jet Black and Titanium Icy Blue. Interested buyers can preorder by May 30 on or the Shop Samsung app to get up to $800 in savings, including a $50 credit and a free upgrade from 256GB to 512GB (a $120 value). People can also trade in an eligible device for up to $630 off. Source: SamsungWhy It's Important: The launch comes outside of Samsung's typical product cycle and underscores a strategic pivot. During the company's latest earnings call, Daniel Araujo, vice president of Samsung's mobile division, warned of softening demand in the second quarter due to "seasonality trends" and the potential impact of global tariffs, reported CNBC. The U.S. briefly imposed reciprocal tariffs on tech goods in April, but exemptions for smartphones and chips offered a temporary reprieve. A new agreement between the U.S. and China on Monday paused most remaining tariffs, creating a narrow window of opportunity for global manufacturers, the report added. Analysts say the timing may also be aimed at beating Apple Inc. (NASDAQ:AAPL), which is rumored to release its own thin flagship, the iPhone 17 Air, in September. "Samsung is first out the gate with a slim design," Ben Wood, chief analyst at CCS Insight, told the publication. "It is hard to believe this is not a pre-emptive strike following widespread speculation that Apple will have a thin iPhone in its next line-up." Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo Courtesy: tinhkhuong On Send To MSN: Send to MSN UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Samsung Blindsides Apple With Razor-Thin Galaxy S25 Edge: Here's How Much It Will Cost originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Samsung Blindsides Apple With Razor-Thin Galaxy S25 Edge: Here's How Much It Will Cost
On Monday, Samsung Electronics Co. (OTC:SSNLF) launched the Galaxy S25 Edge, a 5.8 mm-thin, 163-gram smartphone, just four months after unveiling the rest of the S25 series. What Happened: The ultra-slim device features a 6.7-inch display, a dual-camera system, and the company's latest AI-powered features. The Galaxy S25 Edge packs a powerful 200MP main camera, offering ultra-high resolution for detailed photos in any lighting condition. A secondary 12MP ultra-wide lens with autofocus enables crisp macro shots. It also brings AI-powered editing tools to the table, including Audio Eraser, which removes unwanted background noise from videos and Drawing Assist, a feature designed to enhance or correct hand-drawn sketches. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Under the hood, the S25 Edge runs on Qualcomm Inc.'s (NASDAQ:QCOM) Snapdragon 8 Elite Mobile Platform. Price and Availability: Preorders for the Samsung Galaxy S25 Edge are now open at Inc. (NASDAQ:AMZN), Best Buy Co. Inc. (NYSE:BBY), and major U.S. carriers. The phone will be available in stores on May 30, 2025. Pricing starts at $1,099.99 for 256GB and $1,219.99 for 512GB, with color options including Titanium Silver, Titanium Jet Black and Titanium Icy Blue. Interested buyers can preorder by May 30 on or the Shop Samsung app to get up to $800 in savings, including a $50 credit and a free upgrade from 256GB to 512GB (a $120 value). People can also trade in an eligible device for up to $630 off. Source: SamsungWhy It's Important: The launch comes outside of Samsung's typical product cycle and underscores a strategic pivot. During the company's latest earnings call, Daniel Araujo, vice president of Samsung's mobile division, warned of softening demand in the second quarter due to "seasonality trends" and the potential impact of global tariffs, reported CNBC. The U.S. briefly imposed reciprocal tariffs on tech goods in April, but exemptions for smartphones and chips offered a temporary reprieve. A new agreement between the U.S. and China on Monday paused most remaining tariffs, creating a narrow window of opportunity for global manufacturers, the report added. Analysts say the timing may also be aimed at beating Apple Inc. (NASDAQ:AAPL), which is rumored to release its own thin flagship, the iPhone 17 Air, in September. "Samsung is first out the gate with a slim design," Ben Wood, chief analyst at CCS Insight, told the publication. "It is hard to believe this is not a pre-emptive strike following widespread speculation that Apple will have a thin iPhone in its next line-up." Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo Courtesy: tinhkhuong On Send To MSN: Send to MSN UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Samsung Blindsides Apple With Razor-Thin Galaxy S25 Edge: Here's How Much It Will Cost originally appeared on
Yahoo
30-04-2025
- Business
- Yahoo
Samsung profit slows after US-China trade war hits AI spending
(Bloomberg) — Samsung Electronics Co. ( reported slower profit growth and softening demand for storage chips, a sign that the US-China trade war may be triggering cuts in artificial intelligence hardware spending. New York City Transit System Chips Away at Subway Fare Evasion NYC's Congestion Toll Raised $159 Million in the First Quarter The Last Thing US Transit Agencies Should Do Now At Bryn Mawr, a Monumental Plaza Traces the Steps of Black History At the National Public Housing Museum, an Embattled Idea Finds a Home Executives at the chips-to-smartphones titan warned of heightened uncertainty for the rest of the year stemming from geopolitical tensions and US tariff policies. Even before US President Donald Trump announced tariffs on almost all countries around the world, customers put some data center projects on hold, weakening demand for Samsung's solid-state drives in the March quarter, an executive from the company's memory business told analysts on Wednesday. Samsung's total capital expenditure in the quarter fell more than 30% from the previous quarter to 12 trillion won ($8.4 billion). The South Korean company's flagship products such as semiconductors, smartphones and tablets are now exempt from the so-called reciprocal tariffs, but Trump has indicated that a tariff on the electronics supply chain including chips is in the works. 'There are a lot of uncertainties ahead of us,' said KL Roh, an executive vice president at Samsung. Operating profit at Samsung's chip division tumbled 42% to 1.1 trillion won due to declines in average selling price. Sales of its key high-bandwidth memory chips also fell due to export controls, with some clients also deferring orders in anticipation of upcoming enhanced HBM3E products, according to Samsung. Its shares were down about 0.5% Wednesday afternoon in Seoul. In recent high-profile trade talks, Seoul and Washington agreed to pursue a comprehensive package agreement by July 8, when the 90-day tariff pause is set to end. Fears about what the final trade agreement would look like hang over Samsung's outlook, outweighing a boost from customers stockpiling PC chip supplies ahead of US tariffs and a recovery in smartphone sales. Donald Trump Jr. was in Seoul on Wednesday to meet with leaders of Korean conglomerates on the invitation of Shinsegae Group Chairman Chung Yong-jin, underscoring escalating concern in the country's business community. Korean business leaders had asked Chung to facilitate the visit to establish contact with the Trump administration, according to local reports. 'Samsung is planning to ramp up the enhanced 12-layer HBM3E product in the second quarter to meet demand from some clients,' said Greg Noh, an analyst with Hyundai Motor Securities Co. ( 'But unless there is demand from Nvidia (NVDA), it's difficult to expect dramatic improvement in the chip business.' Customers from Apple Inc. (AAPL) to Lenovo Group Ltd. (LNVGF, LNVGY) hastened shipments of consumer products to the US over the first quarter of the year to preempt tariffs. Samsung's own Galaxy S25 flagship smartphone series also buoyed earnings. That helped boost net income to 8.03 trillion won, above estimates. But such one-time pre-tariff gains have done little to assuage concern about long-term demand. Analysts including Canalys see the first-quarter surge in shipments as an acceleration of deliveries from later in the year — and any intensification in US-China tensions could put more pressure on global trade. Samsung has struggled for months to secure Nvidia Corp.'s final nod for its most advanced HBM products, which are today the most lucrative segment for memory makers. Icheon-based SK Hynix Inc. ( retains the top position in providing these chips enabling AI accelerators. That catch-up effort continues to eat away at Samsung's earnings. It spent 9 trillion won in research and development in its fiscal first quarter, up 16% from a year ago. Samsung said it has shipped its enhanced HBM3E samples to major customers and expects that product line to contribute to revenue starting in the second quarter. The company also forecast HBM sales to bottom out in the first quarter and gradually recover, helped by its improved HBM3E. For the next-generation HBM4, it maintained its target to begin mass production in the second half of the year, and said it's in talks with multiple clients for HBM4. Within Samsung's semiconductor division, the contract chipmaking business has struggled, weighed down by a lack of significant orders from major clients. This has made it harder to compete with Taiwan Semiconductor Manufacturing Co., which held a dominant share of almost two thirds of the global foundry market in the third quarter of 2024, according to Taipei-based TrendForce. Samsung's share stood at 9.3%. The foundry business posted a loss due to lower utilization rates and high fixed costs. However, the company expects a gradual recovery in demand, which should improve utilization and help narrow losses in the second half. Samsung's foundry arm now aims to begin mass production using 2-nanometer processes in the June quarter, a key step in its bid to catch up to TSMC and capture some of the high-end logic chipmaking business. —With assistance from Vlad Savov. (Updates with quotes from executives from third paragraph) Made-in-USA Wheelbarrows Promoted by Trump Are Now Made in China As More Women Lift Weights, Gyms Might Never Be the Same Why US Men Think College Isn't Worth It Anymore Eight Charts Show Men Are Falling Behind, From Classrooms to Careers The Mastermind of the Yellowstone Universe Isn't Done Yet ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
Bloomberg
30-04-2025
- Business
- Bloomberg
Samsung's Chips Business Beats Estimates After Stockpiling Push
Samsung Electronics Co. 's chip division reported better-than-expected profit after Chinese customers rushed to stockpile supplies ahead of US tariffs. The semiconductor business reported operating income of 1.1 trillion won ($767 million) in the March quarter. The unit's revenue totaled 25.1 trillion won, in line with the average estimate for 25 trillion won.
