Samsung Electronics has replaced the head of its television business as South Korean TV brands' long-held dominance over global premium market is being threatened by Chinese rivals whose price appeal has been reinforced with open-source artificial intelligence features. Once-household TV names Samsung and LG Electronics are increasingly being squeezed on global shelves by Chinese competitors repowered with AI specs. According to 2025 data from Counterp

SEOUL, May 03 (AJP)-Inside Samsung Electronics, the celebration over record-breaking first-quarter earnings is rapidly turning into a battle over who deserves the spoils of the AI boom. The South Korean tech giant, now ranked among the world’s largest technology companies alongside Apple, Microsoft and Nvidia by market value and profit scale, posted an all-time quarterly operating profit of 57.2 trillion won ($41 billion) for the January-March period. But the numbers expose

Apple's incoming chief executive John Ternus voiced strong confidence in the company's product pipeline, hinting at new categories on the horizon as the iPhone maker posted record fiscal second-quarter revenue. Speaking on a conference call on Thursday (local time) after Apple reported results for the January-March quarter, Ternus, who takes the helm in September from Tim Cook, said the company had "an incredible roadmap" ahead and was prepari

Samsung Biologics, the world's largest contract drug manufacturer by volume, was rocked on Friday by the first full-scale walkout in its 15-year history, with the union demanding management return to the bargaining table at once and the company warning of losses of up to 640 billion won ($434 million). The Samsung Biologics chapter of the Samsung Group labor union launched the strike on Friday, Labor Day, after 13 rounds of wage talks since December collap

Samsung Electronics said surging artificial intelligence demand is likely to keep memory markets exceptionally tight well into next year, with orders now extending as far as 2027, underscoring the depth of the current supply squeeze. The company, already swamped with orders stretching into next year, said the extraordinary tightness will persist and that production will remain unaffected even if labor action proceeds. “Our capacity far lags behind

Krafton, the South Korean gaming giant behind the PUBG franchise, posted record first-quarter results as its flagship battle royale series and a newly consolidated advertising subsidiary propelled revenue to all-time highs. The company reported through regulatory filings Thursday consolidated revenue of 1.37 trillion won ($924 million) and operating profit of 561.6 billion won for the three months ended March, up 56.9 percent and 22.8 percent from a year earl

South Korean IT services firm LG CNS posted first-quarter operating profit of 94.2 billion won ($63.4 million), up 19.4 percent from a year earlier, as surging demand for artificial intelligence and cloud services fueled growth across its business lines. According to regulatory filing released Thursday, revenue for the January to March period climbed 8.6 percent on-year to 1.315 trillion won, with the company's AI and cloud division accounting for about 5

Samsung Electronics retained its memory leadership in a bumper first quarter, generating its strongest three-month performance to beat expectations and local rival SK hynix, as the AI-driven gold rush fueled demand for both premium DRAM and flash memory, its final earnings report showed Thursday. The Device Solutions (DS) division set quarterly records for both top and bottom lines, earning 53.7 trillion won ($39.2 b

Naver reported a 16.3 percent rise in first-quarter revenue, buoyed by robust demand for AI-integrated services and a sharp uptick in its consumer-to-consumer commerce business. The company reported through regulatory filings Thursday that consolidated revenue for the January to March period climbed to 3.24 trillion won ($2.17 billion), while operating profit edged up 7.2 percent to 541.8 billion won, as heavier infrastructure spending to bolster AI capabilit