Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
Samsung Electronics has announced plans to pursue significant mergers and acquisitions (M&A) as it faces mounting pressure from shareholders over declining stock performance and missed opportunities in the artificial intelligence (AI) boom.
At a shareholder meeting on Wednesday, co-CEO Jun Young-hyun admitted that Samsung was late in responding to market trends, particularly in the high-bandwidth memory (HBM) chip sector, where rival SK Hynix has gained a competitive edge. He pledged that 2025 would be the year Samsung regains its technological leadership.
The South Korean tech giant has struggled with weak earnings, falling behind competitors in advanced semiconductor manufacturing and AI-driven chip demand. In response, Samsung launched a $7.2 billion share buyback plan last year and is considering expanding its stock-based performance system to employees.
Co-CEO Han Jong-hee acknowledged investor concerns and said Samsung is determined to achieve “meaningful” M&A deals, despite regulatory challenges in the semiconductor industry. With its market value at $235 billion and nearly 40% of South Korean investors holding Samsung shares, the company’s future growth strategy will be closely watched.
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One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
Ukrainian President Volodymyr Zelenskyy says Russia hit at least six energy targets in deadly strikes across Ukraine, showing Moscow is unwilling to accept the energy ceasefire announced by U.S. President Donald Trump.
Asian stocks plunged to their lowest level in more than two months on Tuesday as advances by Chinese chipmakers rattled investor confidence in the artificial intelligence boom, despite soaring global semiconductor sales.
Artificial intelligence investment is helping sustain global growth at around 3 per cent, with Asia poised to reap major benefits. But soaring energy costs, unequal investment and growing pressure on young workers threaten to leave some economies behind.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
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