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  • SK Hynix Inc
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SK Hynix Inc

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Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

Sagar1 year ago02 mins

A Samsung flag flies outside the company office in Seoul, South Korea on February 05, 2024. Chung Sung-jun | Getty Images News | Getty Images Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors to a major company, a regulatory filing by the South Korean company showed Monday.  The memory chipmaker, which…

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  • Business

SK Hynix second-quarter revenue and profit hit record highs

Sagar1 year ago03 mins

The SK Hynix Inc. logo is displayed on a glass door at the company’s office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year. SeongJoon Cho | Bloomberg | Getty…

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  • Business

Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand

Sagar1 year ago03 mins

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images South Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second as the company struggles to capture demand from artificial intelligence chip leader Nvidia. …

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