Latest news with #SamsungGroup
Korea Herald
26-05-2025
- Business
- Korea Herald
Samsung Biologics hits W3tr in cumulative orders this year
Samsung Biologics, the biotech arm of Samsung Group, reported Monday that it has surpassed 3 trillion won ($2.2 billion) in cumulative contract orders for 2025, just five months into the year, following a series of major deals with global pharmaceutical firms. According to a regulatory filing, the company recently signed two new contract manufacturing organization, or CMO, deals totaling 440.5 billion won with pharmaceutical companies based in Europe and Asia. These contracts run through December 2030 and December 2033, respectively. Due to non-disclosure agreements, client names and product details were not disclosed. So far in 2025, Samsung Biologics has signed four CMO deals across the US, Europe and Asia. This achievement represents over 60 percent of its total contract value for 2024, reinforcing the company's global competitiveness. The company now counts 17 of the world's top 20 pharmaceutical companies as clients and has accumulated total orders of approximately $18.2 billion since its founding. With the recent launch of its fifth plant in April, adding 180,000 liters of capacity, Samsung Biologics has expanded its total capacity to 784,000 liters, the largest in the world. Samsung Biologics also maintains strong performance in quality control, recording a 99 percent batch success rate last year and securing 356 manufacturing approvals from global regulators as of April 2025. To expand its global presence, the company has actively participated in major industry events including JPMorgan Healthcare Conference, DCAT Week 2025 and PEGS Boston. Samsung Biologics will next join the BIO International Convention held in Boston this June to further strengthen its global partnerships.
Korea Herald
13-05-2025
- Business
- Korea Herald
Samsung Biologics expands global contract development reach at PEGS Boston 2025
Samsung Biologics, the biotech arm of Samsung Group, announced Tuesday that it participated in the 2025 Protein & Antibody Engineering Summit, the world's largest academic conference on protein and antibody therapeutics, on May 12 in Boston. During the five-day event, the company hosted a dedicated meeting room to engage with global pharmaceutical companies and expand its client network. On March 12, Samsung Biologics held a luncheon presentation titled 'Streamlining drug development: From developability assessment to high-concentration formulation development.' Lim Heon-chang, Director of Formulation Development at Samsung Biologics, introduced the company's proprietary platforms — S-HiCon, a high-concentration formulation platform launched in October 2024, and Developick, a developability assessment platform now in its third version. These platforms enable more efficient biologics development, from early-stage evaluation using minimal protein samples to formulation of patient-friendly, high-concentration drugs. Alongside S-HiCon and Developick, Samsung Biologics now offers nine specialized contract development organization platforms, including S-Choice, S-Dual and S-Tensify, covering the full CDO spectrum from discovery to investigational new drug application. The company has actively participated in major global events such as the JPMorgan Healthcare Conference and DCAT Week, and is set to strengthen its business development efforts further at the upcoming BIO International Convention in Boston next month.
Japan Today
30-04-2025
- Business
- Japan Today
Samsung Electronics posts 22% jump in Q1 net profit
Samsung Electronics, the flagship subsidiary of South Korean giant Samsung Group, is the world's largest memory chipmaker South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of U.S. tariffs. The firm said it expected improved earnings in the second half if "uncertainties are diminished". The results come as Seoul and Washington work to craft a "trade package" intended to roll back U.S. President Donald Trump's new tariffs ahead of the July 8 expiration of a reciprocal tariff freeze. Samsung Electronics is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January–March quarter, up 21.7 percent on-year. Sales rose 10 percent to an all-time quarterly high of 79.14 trillion won and operating profit rose 1.2 percent to 6.7 trillion won on-year, exceeding forecasts according to Yonhap News Agency, which cited its own financial data firm. South Korea -- one of the United States' key trading partners and home to powerhouse chip and auto industries -- earlier this month also unveiled an additional $5 billion investment in its semiconductor industry, citing "growing uncertainty" stemming from U.S. tariffs. The figures were "on the back of strong sales of flagship Galaxy S25 smartphones and high-value-added products," the company said in a statement. "Despite the growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth," Samsung said it "expects its performance to improve in the second half of the year," assuming "that the uncertainties are diminished". Analysts also attributed the results in part to record sales of the new Galaxy S25 series smartphone, which launched in February. The firm's "early introduction of AI features, beginning with the Galaxy S24 and enhanced further in the S25, gave it a strong competitive edge," Sheng Win Chow, an analyst at Canalys, told AFP. "The combination of native on-device AI capabilities and Google Gemini apps offered users a rich suite of AI functions right out of the box, creating strong pull factors for early adopters." But experts expressed concerns as more than half of Samsung's smartphones are manufactured in Vietnam, where steep tariffs of up to 46 percent could be imposed if trade negotiations between Washington and Hanoi break down. According to analyst Chow, more than 90 percent of Samsung's U.S. smartphone shipments originate from Vietnam, and to effectively mitigate risks, the company "would need to ramp up production and export of higher-end models like the Galaxy S25 series from India". But "this shift would require time and operational adjustments," he added. Despite more than a year of efforts to close the gap with South Korean rival SK hynix, Samsung has struggled to supply high volumes of high-bandwidth memory (HBM) chips to Nvidia, a leading player in the AI chip market. The company has leaned more on Chinese clients as a result, but the market in China now faces mounting pressure as Washington moves to further tighten chip export rules. Washington has already restricted exports to China, the world's biggest buyer of chips, of Nvidia's most sophisticated graphics processing units (GPUs), designed to power top-end AI models. Meanwhile, Chinese startup DeepSeek has emerged as a formidable challenger, making waves in January with its R1 chatbot, matching the performance of its US competitors at a lower cost. "For most countries, excluding China, significantly lowered general tariffs can be expected depending on negotiation," MS Hwang, a research director at Counterpoint, told AFP. "However, due to strengthened export restrictions on China, there remains pressure (on Samsung) on the second-half sales of products like HBM." Gloria Tsuen, a Moody's Ratings vice president and senior credit officer, said Samsung's "leadership in the semiconductor market had eroded over the last few years," especially in the "AI and high-end products in its memory segments". "Concurrently, competition from Chinese companies in low-end memory products is increasing," she told AFP. "As a result, we expect Samsung's operating margin to remain moderate." © 2025 AFP
eNCA
30-04-2025
- Business
- eNCA
Samsung Electronics posts 22% jump in Q1 net profit
SEOUL - South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit as consumers rushed to buy smartphones under the looming threat of US tariffs. The firm said it expected improved earnings in the second half if "uncertainties are diminished". The results come as Seoul and Washington work to craft a "trade package" intended to roll back US President Donald Trump's new tariffs ahead of the July 8 expiration of a reciprocal tariff freeze. Samsung Electronics is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75-billion) for the January–March quarter, up 21.7 percent on-year. Sales rose 10 percent to an all-time quarterly high of 79.14 trillion won and operating profit rose 1.2 percent to 6.7 trillion won on-year, exceeding forecasts according to Yonhap News Agency, which cited its own financial data firm. South Korea -- one of the United States' key trading partners and home to powerhouse chip and auto industries -- earlier this month also unveiled an additional $5 billion investment in its semiconductor industry, citing "growing uncertainty" stemming from US tariffs. The figures were "on the back of strong sales of flagship Galaxy S25 smartphones and high-value-added products," the company said in a statement. "Despite the growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth," Samsung said it "expects its performance to improve in the second half of the year," assuming "that the uncertainties are diminished". Analysts also attributed the results in part to record sales of the new Galaxy S25 series smartphone, which launched in February. The firm's "early introduction of AI features, beginning with the Galaxy S24 and enhanced further in the S25, gave it a strong competitive edge," Sheng Win Chow, an analyst at Canalys, told AFP. "The combination of native on-device AI capabilities and Google Gemini apps offered users a rich suite of AI functions right out of the box, creating strong pull factors for early adopters."
Business Mayor
30-04-2025
- Business
- Business Mayor
Samsung flags uncertain economic climate after smartphone, chip sales power quarterly results beat
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Samsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as sales of its flagship Galaxy S25 smartphones as well as memory chips rose. The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%. Here are Samsung's first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue : 79.1 trillion Korean won ($55.4 billion) vs. 78.1 trillion Korean won : 79.1 trillion Korean won ($55.4 billion) vs. 78.1 trillion Korean won Operating profit: 6.7 trillion Korean won vs. 6.4 trillion Korean won First-quarter revenue marginally topped Samsung's forecast of 79 trillion Korean won, while operating profit also came in higher than the company's expectations of 6.6 trillion Korean won. Samsung is a leading manufacturer of memory chips, which are utilized in devices such as laptops and servers, and is also the world's second-largest smartphone maker. The company flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth. Samsung expects performance to improve in the second half of the year, 'assuming that the uncertainties are diminished.' 'Due to the rapid changes in policies and geopolitical tensions among major countries, it's difficult to accurately predict the business impact of tariffs and established countermeasures,' a Samsung executive said during Wednesday's earnings call. The executive noted that while Samsung's flagship products, such as semiconductors, smartphones and tablets, are exempt from U.S. President Donald Trump's 'reciprocal' tariffs, Washington is conducting a product-specific tariff probe into these categories. 'There are a lot of uncertainties ahead of us … we are communicating with related countries to minimize negative effects,' Samsung said. South Korea-listed shares of Samsung Electronics were trading down about 0.6%. Memory business Samsung Electronics' chip business posted an operating profit of 1.1 trillion Korean won in the first quarter, down from the previous quarter and the same period last year, though revenue rose year on year. 'For the Memory Business, revenue was driven by expanded server DRAM sales and the addressing of additional NAND demand amid a perceived bottoming out of the market price,' the company said. DRAM and NAND are types of semiconductor memory found in PCs, workstations and servers. Demand for such memory chips has surged on the back of the artificial intelligence boom. However, overall earnings were impacted by a decrease in average selling prices and sales were affected by U.S. export controls on AI chips, Samsung said. Long a leader in memory chips, Samsung has recently been falling behind its local competitor, SK Hynix, which has been better positioned to benefit from AI development. A report from Counterpoint Research earlier this month said that SK Hynix had overtaken Samsung in overall DRAM market revenue for the first time, with a 36% global market share as compared to Samsung's 34%. High bandwidth memory The Counterpoint report added that SK Hynix's ascension in the DRAM market had resulted from its dominance in high bandwidth memory or HBM — a type of DRAM used in artificial intelligence servers in which chips are vertically stacked to save space and reduce power consumption. SK Hynix last week topped quarterly revenue and operating profit estimates on strong demand for its high bandwidth memory offerings. Samsung is actively working to catch up with SK Hynix in HBM by improving its products and increased research and development expenditure, MS Hwang, a research director at Counterpoint, told CNBC. 'It's been slow going, but progress is expected,' she added. Samsung said its R&D expenditure increased 16% in the first quarter from a year earlier. Samsung said in the first quarter it also experienced deferred HBM demand from customers anticipating the rollout of its latest HBM products. For the current quarter, the company anticipates continued strong demand for AI servers and will seek to strengthen its position in high-value-added products, including HBM. Speaking on the earnings call, Jaejune Kim, executive vice-president of Samsung's memory business, also noted preemptive purchasing activities in the second quarter ahead of Trump's reciprocal tariffs. Smartphones Samsung's mobile experience and networks businesses, tasked with developing and selling smartphones, tablets, wearables and other devices, reported an increase in sales and profit from the prior year and quarter. Sales grew by 10% year-over-year and 43% quarter-over-quarter. The company credited the growth to the launch of its latest Galaxy S25 smartphone series, which includes enhanced AI features from previous models. Samsung added that it achieved cost reductions in the segment. In the current quarter, the company plans to sustain sales through the launch of a new Galaxy S25 Edge smartphone and said it will continue to expand the AI-powered features offered on its smartphone lineup. Correction: This story has been revised to reflect that operating profit in the chip segment declined both on a quarter-on-quarter as well as year-on-year basis.
