Tag: Samsung Electronics
-
Samsung issues rare apology for poor results in tech ‘crisis’
Samsung Electronics issued a rare apology and acknowledged on Tuesday it was facing a “crisis” over its technological competitiveness, reflected in a disappointing profit guidance, despite a global AI boom. Samsung said it expected third-quarter profits to rise to 9.1 trillion won ($6.8 billion), up 274.5 per cent from a year earlier, falling short of…
-
Samsung is getting out of LCD business by the next month
Samsung Display has decided to cut its LCD production unexpectedly by July 2022. The stoppage was originally planned for December, but it can now take place as soon as the end of this month. According to insiders, Samsung’s competition has been quite harsh, and the company wanted to avoid further losses. Keeping in view previous…