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.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing th...
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day....
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), was successfully launched into space from the U.S. Cape Can...
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing....
The United States has decided to halt some planned deliveries of air defence missiles and other munitions to Ukraine, citing concerns over dwindling A...
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), was successfully launched into space from the U.S. Cape Canaveral base.
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
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