SSNLF Stock Recent News

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Samsung Electronics Canada is expanding their mobile device repair network with the launch of the Independent Service Provider (ISP) Program.

In the second quarter, shipments from Samsung surged in the U.S., with its market share rising from 23% to 31%, according to data from Canalys. Last month, Samsung introduced two new folding phones, one that can effectively turn into a tablet, and another that resembles an old-school flip phone with modern features.

Taiwan Semiconductor Manufacturing and Samsung have invested heavily in the U.S.

TSMC surged to record highs after Taiwan confirmed the chip giant is exempt from new US tariffs, thanks to its massive US investments. Samsung shares rose as Apple announced it will source innovative chips from Samsung's Texas factory, boosting US-based semiconductor production.

South Korea's top trade envoy Yeo Han-koo said on Thursday that chipmakers Samsung Electronics and SK Hynix will not be subject to 100% U.S. tariffs on chips.

Apple said on Wednesday it is working with Samsung Electronics at the latter's chip production plant in Texas to "to launch an innovative new technology for making chips."

Samsung Electronics Co., Ltd. (OTCPK:SSNLF) Q2 2025 Earnings Conference Call July 30, 2025 9:00 PM ET Call Participants Daniel Araujo - Vice President of Mobile Experience Samsung Electronics Co., Ltd.

Samsung second-quarter profit halves, missing expectations

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.

Samsung's troubled foundry business gets a shot in the arm. Despite the post-announcement move, the market isn't as bullish as it could be. The fundamental case looks a lot more compelling for Samsung here.