Samsung Electronics Closed Now

Samsung Electronics is a global technology leader, renowned for its innovations across semiconductors, smartphones, consumer electronics, and display technologies. Established in 1969 and headquartered in Suwon, South Korea, Samsung has become a cornerstone of the global tech industry.

In fiscal year 2024, Samsung reported ₩300.9 trillion (approximately US $206 billion) in revenue, marking a 16% increase from the previous year. Operating profit surged nearly fivefold to ₩32.7 trillion (about US $22.5 billion), driven by a rebound in semiconductor demand and strong sales of premium smartphones, including the Galaxy S24 series and foldables like the Galaxy Z Flip5. The semiconductor division, Samsung’s largest revenue driver, saw Q4 sales leap 24% year-over-year to ₩31.2 trillion (about US $20.7 billion), fueled by soaring demand for high-performance memory chips used in artificial intelligence (AI) applications. Advanced products like High Bandwidth Memory (HBM3) and DDR5 modules accounted for over 40% of DRAM sales, with Samsung securing key partnerships with NVIDIA and AMD to supply next-gen AI hardware. (ainewsgotech.com, search1)

Despite challenges such as U.S. export restrictions to China and delayed HBM shipments, Samsung remains optimistic about a recovery later in 2025, driven by surging demand for AI and robotics-related technologies. The firm expects memory chip prices to rebound and stronger sales of OLED panels and HBM3E products. Samsung is also ramping up shipments of advanced HBM chips and has begun deliveries of HBM4 samples to clients. (wsj.com)

Looking ahead, Samsung plans to enhance its AI capabilities across its product portfolio, including expanding Galaxy AI in smartphones, Vision AI in displays, and advanced AI features in other devices. The company is also focusing on increasing R&D spending by 25% in 2025 to drive growth through AI-driven technologies. (search1)