Samsung Set To Expand Chips Supply Chain After $6.4 Bn US Grants | Companies News

[ad_1] Seoul: Samsung is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government and its extended investment plan. Under the Biden Administration’s announcement, the South Korean chipmaker will receive up to $6.4 billion in grants under … Read more

Samsung Q4 Profit Drops Over 34 Percent, Memory Chip Rebounds | Companies News

[ad_1] Seoul: Samsung Electronics said on Wednesday its fourth-quarter operating profit sank 34.4 per cent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand. The world’s largest mobile phone and memory chip maker’s operating profit amounted to 2.82 trillion won ($2.12 … Read more