Samsung Electronics is a South Korean electronics and semiconductor maker whose business includes memory chips, foundry work and consumer devices. Recent coverage has focused on its chip results and AI investments: chip-division profit rose 15-fold year over year but missed estimates, and quarterly operating profit climbed nearly nine-fold on memory chips. Samsung and five affiliates also invested $1 billion in a US AI data center company, took part in a ₩14.7 billion round for Korea's DeepX, and led Mistral AI's €3 billion Series D.
AI worries weigh on Wall Street; global markets mixedAlphabet's share drop stoked AI concerns, pulling S&P 500 futures down 0.8% while the Nikkei fell 2.1% and South Korea's Kospi 3.5%, with SK Hynix and Samsung Electronics slipping; Hong Kong's Hang Seng rose 1.5%. The Bank of Japan held rates at 1.25%.
Kioxia warns flash price surge is slowing; outlook missesKioxia forecast quarterly operating profit of ¥2 trillion ($12.7 billion), short of the ¥2.35 trillion estimate, as NAND flash average selling prices rose a mid-20% in the three months to September versus 70% the prior quarter.
Samsung chip profit jumps 15-fold but misses estimatesSamsung Electronics' chip division posted a 15-fold profit surge year over year yet fell short of estimates, tempering optimism around the AI infrastructure build-out. Specific profit figures were not disclosed.
Samsung-linked funds invest about ₩14.7B in Korea's DeepXAs the low-power NPU market grows, Korean firms including Samsung Electronics and SK Telecom are raising domestic NPU investment. DeepX decided on the 7th to raise about ₩14.7 billion from SVIC No. 33, run by Samsung Venture Investment, and Samsung Securities, which will put in about ₩7.2 billion and ₩7.5 billion respectively. Samsung holds about 99% of SVIC 33; DeepX's DX-M1 is made on Samsung's 5nm process and DX-M2 is being developed on 2nm.
Samsung Profit Up Nearly Nine-Fold on Memory ChipsSamsung Electronics reported a nearly nine-fold rise in quarterly operating profit, though it still fell just short of expectations elevated by heavy AI infrastructure spending.
Samsung and Affiliates Invest $1 Billion in AI Data Center FirmSamsung Electronics and five affiliates are investing a combined $1 billion in a US company led by a former AWS chief, deepening the South Korean group's push into the fast-growing AI infrastructure market.
Mistral raises €3B at €21B valuationFrench AI lab Mistral AI said it raised €3 billion in a Series D at a post-money valuation of over €21 billion, led by Samsung Electronics with Scaleup Europe and existing investor PSG Equity joining as co-leads. Mistral said the funds will scale compute, infrastructure, commercial growth and international expansion.
The A.I. Daily