Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club - Bloomberg

Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club  Bloomberg

Samsung hits $1 trillion valuation as AI rally lifts shares over 10%

The rally comes after the company reported an over eightfold increase in first-quarter operating profits last week.

South Korean judge who handed Kim Keon-hee 4-year term found dead days after verdict

A South Korean appellate court judge who presided over a high-profile case involving former first lady Kim Keon-hee was found dead early Wednesday morning, police said. Shin Jong-oh, who had overturned a lower court’s not guilty verdict and imposed a harsher sentence on Kim, was discovered with severe injuries in a flower bed near the Seoul High Court building in Seocho district, southern Seoul. He was pronounced dead upon arrival at a nearby hospital. Police suspect the 55-year-old died afte...

By Park Chan-kyong

Samsung Electronics reaches $1 trillion market cap thanks to surging demand for AI chips

The world's largest maker of memory chips, South Korea's Samsung Electronics, has seen its valuation reach $1 trillion this Wednesday. The company's profits have soared thanks to strong demand for the chips used to power artificial intelligence systems. Also in this edition: French oil major TotalEnergies says it will have to scrap caps on fuel prices if it faces a windfall tax on its profits in France.

By Charles PELLEGRIN

This chart tells the story of the hottest stock market in the world as Samsung Electronics reaches $1 trillion in market cap

South Korean stocks shot up another 6% on Wednesday and Samsung Electronics reached $1 trillion in market cap, two milestones on a remarkable year that seen the Kospi index surge 75% this year and nearly triple over the last 52 weeks.

By Steve Goldstein

Samsung withdraws home appliance, TV sales biz in China

Samsung Electronics has decided to withdraw its home appliance and TV sales business in China amid its struggle to shore up its presence in one of the world's most important markets, industry sources said Wednesday. But its mobile, semiconductor and medical equipment businesses will remain in place in the neighboring country, the sources said. Samsung has recently notified its vendors in China of its decision to end its home appliance and TV sales business there. Samsung's decision to pull out f

By The Korea Herald

South Korean judge who hiked ex-first lady's jail sentence found dead

Last month, the judge presided over Kim Keon Hee's appeal trial, finding her guilty of stock manipulation and bribery, and increasing her sentence to four years from 20 months.

Samsung joins the $1 trillion club as Apple chip talks spark rally

Powered by chip boom, AI, Samsung hits $1T valuation milestone

South Korea's tech giant Samsung Electronics circled a recent rally to smash past $1 trillion in market value for the first time Wednesday as the firm rides an artificial inte...