SSNLF Stock Recent News

Samsung Electronics' chairman, Lee Jae-Yong, confirmed that the company has no plans to split its contract-based chip manufacturing and logical chip design units. This comes despite these businesses generating significant annual losses due to weak demand, impacting Samsung's overall performance as the world's leading memory chip maker.

As October begins, investors are gearing up for what promises to be another eventful month in the markets. With interest rates, inflation, and geopolitical tensions continuing to influence investor sentiment, October presents a unique set of challenges and opportunities.

Samsung Electronics workers at a factory in India's Tamil Nadu state are paid almost twice as much as employees in nearby companies, the South Korean group said on Tuesday, as a strike at the plant enters its third week.

Samsung Electronics, the world's leading maker of smartphones, TVs, and memory chips, is set to reduce its overseas workforce by up to 30% across some divisions, according to multiple sources cited by Reuters in a report. The South Korean technology giant's decision comes as it navigates a challenging business environment and seeks to improve efficiency.

Samsung Electronics' biggest workers' union in South Korea said on Tuesday it would begin a four-day strike from Thursday to pressure the company over higher wages and bonuses after talks with management fell through in July.

Samsung Electronics reported a 15-fold increase in operating profit in 2Q 2024, driven by the booming AI sector and strong semiconductor performance. Samsung plans to expand HBM production in 2H 2024, with HBM3E expected to dominate sales by Q4. Despite challenges in the mobile device business, Samsung launched new flagship foldable phones and AI-supported mobile accessories.

Samsung Electronics Co., Ltd. (OTCPK:SSNLF) Q2 2024 Earnings Conference Call July 30, 2024 9:00 PM ET Company Participants Daniel Oh - Head, Investor Relations Jaejune Kim - Executive Vice President, Memory Tommy Kwon - Vice President, System LSI Taejoong Song - Vice President, Foundry Charles Hur - Executive Vice President, Samsung Display Corp Daniel Araujo - Vice President, Mobile eXperience KL Roh - Vice President, Visual Display Conference Call Participants Sung-kyu Kim - Daiwa Securities Sei Cheol Lee - Citigroup Dong-Won Kim - KB Securities Dong-je Woo - Bank of America Giuni Lee - Goldman Sachs Jay Kwon - JPMorgan Securities Operator Hello, everyone, and welcome to the Samsung Electronics 2024 Second Quarter Financial Results Conference Call.

Patrick Chomet, an executive vice president at Samsung Electronics, speaks to CNBC's Arjun Kharpal.

Samsung: One Ring To Rule Them All? Not Quite, But There's Value Here

The union representing Samsung Electronics workers in South Korea has initiated an indefinite strike involving around 30,000 members, demanding better pay and benefits. The National Samsung Electronics Union (NSEU) announced the strike at the end of a three-day general strike, citing management's unresponsiveness.