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13.08.26 - 08:12
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Samsung Life Insurance Earnings Decline In Q2 (AFX)
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SEOUL (dpa-AFX) - Samsung Life Insurance Co., Ltd. (032830.KS), on Wednesday, reported a decline in the second quarter of 2026 compared with the previous year. For the second quarter, net income a......
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11.08.26 - 01:06
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South Korean minister warns about CXMT capex as semiconductor profits debate heats up (Digitimes)
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South Korean Minister of Trade, Industry and Resources Jung-kwan Kim has warned that the country should not rush to redistribute semiconductor profits throughout society just as AI-driven memory demand is lifting earnings at Samsung Electronics and SK Hynix to record highs. Instead, he said South Korea must help companies reinvest in facilities and R&D to protect its edge as China speeds up semiconductor investment....
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30.07.26 - 17:15
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AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains (ZeroHedge)
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AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains
Samsung Electronics delivered another good quarter last night, underscoring that the AI infrastructure boom appears to continue to funneling enormous profits toward the companies supplying the memory chips powering. Shares were up 10% at one point but finished the session red.
The South Korean technology giant reported second-quarter revenue of 171.5 trillion won and operating profit of 89.5 trillion won, according to CNBC, beating analyst expectations of 79.3 trillion won and marking another record quarter. Operating profit surged more than eighteen-fold from a year ago, while revenue more than doubled, driven overwhelmingly by demand for AI memory.
The company's memory division once again carried the business, posting record DRAM and NAND sales as hyperscalers and enterprise customers continued racing to build AI infrastructure. According to CNBC, Samsung said it is rapidly expanding production of n...
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