Samsung Q3 2023 report
Scope
Date
~
-
Economy
Korea to face more headwinds after Q3 growth hits 1-yr low
The South Korean economy grew at its slowest pace of the year in the third quarter on weak net exports, adding to concerns over a further slowdown i...
Oct 27, 2022 (Gmt+09:00)
-
Earnings
Samsung reiterates no memory chip output cut despite weak Q3 results
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, said on Thursday it will not reduce its production despite dwin...
Oct 27, 2022 (Gmt+09:00)
-
Earnings
Samsung SDI beats CATL in EV battery operating margin
Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...
Oct 27, 2022 (Gmt+09:00)
-
Leadership & Management
Jay Y. Lee inaugurated as chairman of Samsung Electronics
Samsung Electronics Co.'s leader Jay Y. Lee was promoted as the company's chairman on Oct. 27.Samsung Electronics' board of directors approved the a...
Oct 27, 2022 (Gmt+09:00)
-
Earnings
POSCO Chemical posts record third-quarter sales, operating profit
POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., on Monday posted record revenue and operating profit in the third...
Oct 24, 2022 (Gmt+09:00)
-
Earnings
Hyundai ups 2022 revenue, profit forecasts as quality costs hit Q3 profit
South Korea’s top automaker Hyundai Motor Co. on Monday posted its highest-ever quarterly sales, driven by pricey sport utility vehicles and p...
Oct 24, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung Elec to expand foundry business to tackle TSMC
Samsung Electronics Co., the world’s second-largest foundry company, is set to expand production technology of chips for automobiles, sensors ...
Oct 24, 2022 (Gmt+09:00)
-
Bio & Pharma
Korea's Samsung Biologics signs $296 mn CMO deal with GSK
South Korea’s Samsung Biologics Co. has signed a $296.1 million deal to supply biopharmaceutical products to UK-based multinational pharma gia...
Oct 21, 2022 (Gmt+09:00)
-
Earnings
POSCO Holdings' Q3 profit tumbles on steel mill shutdown
POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...
Oct 19, 2022 (Gmt+09:00)
-
Pre-IPOs
Samsung SDI supplier Jaewon seeks about $280 mn in pre-IPO
South Korean mid-sized petrochemical company Jaewon Industrial Co. is looking to attract pre-IPO investment, according to investment banking sources...
Oct 19, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung mulls new foundry plant in Europe, to expand outsourcing
Samsung Electronics Co., the world’s largest memory chipmaker, is considering expanding outsourced chip production and building a new foundry ...
Oct 19, 2022 (Gmt+09:00)
-
Automobiles
Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings
Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...
Oct 18, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung, Qualcomm unveil industry’s fastest LPDDR5X DRAM chip
South Korean tech giant Samsung Electronics Co. said on Tuesday it has successfully proved the performance of its latest LPDDR5X DRAM on Qualcomm Te...
Oct 18, 2022 (Gmt+09:00)
-
Asset management
Samsung Asset says to pursue global, active, bond-type ETFs
Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, will focus on global, active and bond-type ETFs, as we...
Oct 17, 2022 (Gmt+09:00)
-
Tech, Media & Telecom
Zuckerberg meets with Samsung executives over Meta Quest Pro
SILICON VALLEY – Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc., has met with senior officials of Samsung Electronics C...
Oct 17, 2022 (Gmt+09:00)
-
Batteries
POSCO breaks ground on nickel refining plant in Korea
POSCO Group, the world’s sixth-largest steelmaker, broke ground on Friday for a high-purity nickel refining plant in South Korea to meet risin...
Oct 14, 2022 (Gmt+09:00)
-
Tech, Media & Telecom
Samsung launches upgraded digital wallet to take on Apple Pay
South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...
Oct 14, 2022 (Gmt+09:00)
-
Automobiles
Hyundai to shift gear toward software-centric cars from 2023
Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...
Oct 12, 2022 (Gmt+09:00)
-
Korean chipmakers
US to allow Samsung, SK Hynix to import to China for 1 year
The Biden administration has decided to allow Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, to import ...
Oct 12, 2022 (Gmt+09:00)
-
Korean chipmakers
KLA to stop chip tool supply to customers in China: Report
US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...
Oct 12, 2022 (Gmt+09:00)
-
Bio & Pharma
Samsung Biologics opens the world's largest CDMO factory
South Korea’s Samsung Biologics Co.’s new biopharmaceuticals plant launched operations on Tuesday, a move expected to widen the gap betw...
Oct 11, 2022 (Gmt+09:00)
-
Earnings
Samsung Q3 earnings disappoint on weak chip business
Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...
Oct 07, 2022 (Gmt+09:00)
-
Airlines
OPEC output cut to worsen Korean airlines’ woes
South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...
Oct 06, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung says no memory output cut, to widen tech gap with rivals
SILICON VALLEY – Samsung Electronics Co., the world’s top memory chipmaker, is not considering slashing its memory chip production despi...
Oct 06, 2022 (Gmt+09:00)
-
Shareholder value
Samsung leader Lee calls on mgt to raise shareholder value
Samsung Electronics Co. set up a task force team dedicated to increasing its shareholder value last month, according to industry sources on Oct. 4. ...
Oct 04, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung unveils 1.4 nm tech roadmap to challenge TSMC’s dominance
SILICON VALLEY – Samsung Electronics Co. said on Monday it will adopt the industry’s most advanced 1.4-nanometer chip production technol...
Oct 04, 2022 (Gmt+09:00)
-
Electronics
Samsung’s new $2.8 bn OLED plant to benefit Korean device makers
South Korea’s electronics equipment manufacturers are set to benefit from Samsung Display Co.’s planned construction of a $2.8 billion n...
Oct 04, 2022 (Gmt+09:00)
-
Shipping & Shipbuilding
Hyundai Heavy's KSOE expected to turn to black in Q3
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the firs...
Oct 03, 2022 (Gmt+09:00)
-
Korean chipmakers
SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion
SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...
Oct 02, 2022 (Gmt+09:00)
-
Korean chipmakers
Samsung cuts H2 chip sales outlook by a third, gripped by sense of crisis
Samsung Electronics Co., the world’s largest memory chipmaker, has slashed its outlook for second-half semiconductor sales revenue by a third ...
Sep 30, 2022 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators