• Consolidated Sales: Approximately 133 trillion Korean won
• Consolidated Operating Profit: Approximately 57.2 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 132 trillion to 134 trillion Korean won
• Operating Profit: 57.1 trillion to 57.3 trillion Korean won

※  2025 4Q and 2025 1Q consolidated figures based on K-IFRS are as follows

Samsung Electronics, in partnership with the Smithsonian’s National Museum of Asian Art, hosted a gala event on Jan. 28 at the Arts and Industries Building in Washington D.C. to commemorate the success of the “Korean Treasures: Collected, Cherished, Shared” exhibition, the first U.S. showcase of masterpieces from the late Samsung Chairman Lee Kun-hee’s renowned art collection.

The exhibition, which opened to the public on November 15 and will run through February 1, is expected to draw over 65,000 visitors, a significant milestone comparable to the attendance for other major international exhibits at the National Museum of Asian Art, underscoring the profound interest in Korea’s rich artistic heritage.

Curated from the personal collection of over 23,000 pieces amassed by the late Chairman of Samsung, Lee Kun-hee, the exhibition was organized by the National Museum of Asian Art, the National Museum of Korea and the National Museum of Modern and Contemporary Art, Korea.

At the gala, Samsung Electronics Executive Chairman Jay Y. Lee thanked the organizers and recognized the importance of Washington D.C. as the first stop of the exhibit’s global tour. He also took a special moment to honor American veterans of the Korean War, attributing Korea’s modern success and its ability to preserve its heritage to their sacrifice more than seven decades ago.

“Memory and history are important to Koreans. That is part of why this exhibit means so much to me,” Executive Chairman Lee said. “Despite the hardships of colonial rule and the Korean War, my father and grandfather believed it was their duty to safeguard the future of our culture. It was a tremendous honor to share this collection with you. I believe it’s our small contribution to bringing the American and Korean people closer together.”

Members of the Lee family, including Hong Ra-hee, Director Emerita of the Leeum Museum of Art, Lee Boo-jin, President & CEO of Hotel Shilla, Lee Seo-hyun, President of Samsung C&T and Kim Jae Youl, President of Samsung Global Research, were in attendance.

Among the 250 guests were Secretary of Commerce Howard Lutnick, Senator Tim Scott, Senator Ted Cruz, Senator Andy Kim, Governor Wes Moore and Ambassador Kang Kyung-wha.

Senator Tim Scott (R-SC) highlighted that “this art exhibit is a powerful reminder that the enduring U.S.–Republic of Korea alliance is built not only on economic ties, but through the stories and shared values that connect us, Samsung’s investment in America represents confidence in our workers and a commitment to advancing opportunity and prosperity for both nations.”

Senator Ted Cruz (R-TX) said “I am honored to attend and deliver remarks at the Samsung Gala in recognition of Korea’s great cultural heritage. Texas’s partnership with Samsung has been critical to strengthening America’s leadership in technology and semiconductors and creating tens of thousands of high-quality jobs for Texas workers that fuel long-term economic growth.”

Senator Andy Kim (D-NJ) also commented that “the connections between the United States and Korea run deep, and they’ll continue to grow stronger thanks to collaboration with and investment from companies like Samsung. As the first Korean American to serve in the U.S. Senate, I’m excited that my two boys can see this incredible exhibit of Korean heritage, and for Americans from across the country to visit the collection that the Lee family has brought here.”

Prominent business leaders in attendance included Wendell Weeks, Corning Chairman & CEO, Benedetto Vigna, Ferrari CEO, Euisun Chung, Executive Chair of Hyundai Motor Group and Jerry Yang, Founding Partner, AME Cloud Ventures; Co-Founder, Yahoo!

Chairman Weeks said at the event that “building on five decades of partnership, Samsung and Corning have pushed the boundaries of what’s possible. The Lee family’s contributions extend far beyond Samsung and Korea. Their visionary leadership has shaped industries, transformed lives and built enduring bridges between nations and generations. This exhibition embodies the passion for creation of the Lee family, which for generations has made a positive impact on the entire globe.”

Other notable attendees included Kim Youngna, former Director of the National Museum of Korea, Chase Robinson, Director of the Smithsonian’s National Museum of Asian Art and Korean War veterans, including Rudy B. Meekins Senior.

Buddhist Statues and Ceramics From the Joseon Dynasty Highlight Hand-Picked Exhibit

As attendees made a tour of the exhibition during the gala, they were introduced to a story of creativity and innovation that has shaped Korean culture for centuries, represented by artworks that span across sculptures, furnishings, ceramics as well as traditional and modern paintings.

Among the more than 200 pieces featured in the exhibit were Faceted Bottle with Bamboo, The Lotus Sutra and Bodhisattva Triad with a Single Halo – all National Treasures of Korea. One of the most popular pieces on display was the 19th-century Drum Stand for its resemblance to the character “Derpy” from the animated film KPop Demon Hunters. Another standout was the Sun, Moon and Five Peaks, a 19th-century royal court painting symbolizing the Joseon monarchy. The exhibition was comprised of 10 sub-themes, such as the historical evolution of ceramics from the Goryeo and Joseon dynasties as well as inspiring Buddhist artwork, encompassing over 1,500 years of Korean history.

This was the largest special exhibition of Korean art held at the National Museum of Asian Art, with the number of daily visitors almost double that of similar-sized exhibitions at the Smithsonian. Souvenirs that depicted the Moon Jar and lighting products featuring imagery from Clearing after Rain on Mount Inwang were among the items that sold out early, according to the National Museum of Asian Art.

Collection’s Global Tour Continues to Chicago and London

This exhibition was made possible by a grant awarded through the National Museum of Korea’s Overseas Korean Galleries Support Program, and curators from both the National Museum of Korea and the National Museum of Modern and Contemporary Art, Korea, participated in the curation of the exhibit and compilation of the exhibition catalogue.

Following the conclusion of the exhibition at the National Museum of Asian Art, the collection will travel to the Art Institute of Chicago to be on display from March through July and then to the British Museum in London for a special exhibit from September through January 2027. This global tour will offer residents and visitors a rare opportunity to experience Korean cultural heritage through artworks spanning centuries and reflecting Korea’s unique history.

In the quarter ended December 31, 2025, the Company posted its highest-ever quarterly consolidated revenue at KRW 93.8 trillion, representing a quarter-on-quarter (QoQ) increase of 9%. Operating profit was also an all-time high, at KRW 20.1 trillion. For the full year, the Company reported KRW 333.6 trillion in annual revenue and KRW 43.6 trillion in operating profit.

The Device Solutions (DS) Division posted a QoQ sales increase of 33%, with the Memory Business setting an all-time high for quarterly revenue and operating profit, driven by expanded sales of HBM and other high-value-added products, as well as the overall market price surge.

The Device eXperience (DX) Division experienced a sequential decline in revenue of 8% due to reduced launch effects from new smartphone models, as well as intense market competition.

R&D investments totaled KRW 10.9 trillion, representing a QoQ increase of KRW 2 trillion and setting a full-year record of KRW 37.7 trillion.

Looking ahead to Q1 2026, the DS Division expects AI and server demand to continue increasing, leading to more opportunities for structural growth. In response, the Division will continue to focus on profitability via a strong emphasis on high-performance products.

In 2026 as a whole, the DS Division aims to lead the AI era with product competitiveness amid a rapidly growing demand environment, particularly by expanding the sales of AI-related offerings in both DRAM and NAND.

In 2026, the DX Division plans on expanding AI-driven product offerings and integrating AI technologies across the full device, feature and service ecosystem. The Division will maintain a focus on profitable growth by ensuring component supply stability, implementing efficiency initiatives and bringing the best AI experiences to customers as a leader in the AI era.

Semiconductors To Continue Increasing Revenue

The DS Division achieved a quarterly consolidated revenue of KRW 44.0 trillion and an operating profit of KRW 16.4 trillion for the fourth quarter of 2025.

In Q4 2025, despite limited supply availability, the Memory Business achieved record highs in quarterly revenue and operating profit by addressing strong conventional DRAM demand while expanding HBM sales amid an overall increase in prices. The Business focused on improving profitability via higher sales of high-value-added products such as HBM, server DDR5 and enterprise SSDs.

In Q1 2026, the ongoing AI boom is expected to continue driving favorable market conditions across the industry, and the Memory Business plans to keep prioritizing high-value-added products for AI applications. The Memory Business is on track to begin delivering HBM4 products this quarter — including those with industry-leading 11.7Gbps performance — with the aim of reestablishing a leadership position in the high-end HBM market.

In 2026, the Memory Business will continue to maintain close partnerships with customers based on product competitiveness and aims to address customer demand through the timely shipment of competitive HBM4 and the expansion of sales of AI-related products such as DDR5, SOCAMM2 and GDDR7. It also plans to proactively address AI-related NAND demand with a focus on scaling up sales of high-performance TLC products for Key Value SSD demand for inference. 

Earnings for the System LSI Business declined in Q4 2025, due to seasonal demand softness and adjustments to key customer product schedules. However, image sensor revenue grew on the back of new 200MP and 50MP big-pixel products.

In Q1 2026, earnings are expected to recover with new product launches, while image sensor leadership will be reinforced by an expanded 200MP lineup.

In 2026, the System LSI Business will focus on earnings improvement by expanding sales based on differentiated system-on-a-chip (SoC) performance and stabilized yields. In image sensors, the Business will continue to strengthen its competitiveness in fine-pixel technology and sustain its leadership through Nanoprism technology, which enhances light sensitivity.

In Q4 2025, the overall revenue for the Foundry Business increased on strong demand from customers in major markets, while earnings improvement was limited as a result of provisional costs. The Business also commenced mass production of first-generation 2nm products and began shipments of 4nm HBM base-die products.

Looking ahead to Q1 2026, revenue is expected to decline sequentially due to seasonal weakness. Orders are projected to expand, however, largely due to orders from HPC and mobile customers.

As for 2026, the Foundry Business is targeting double-digit revenue growth and improvement in profitability, driven by advanced nodes. It plans to ramp up production of second-generation 2nm products and prepare for the production of performance- and power-optimized 4nm processes. Additionally, it aims to strengthen competitiveness by providing optimized solutions through the integration of logic, memory and advanced packaging technologies.

SDC To Maintain Market Leadership Through Differentiated Technologies

SDC posted KRW 9.5 trillion in consolidated revenue and KRW 2.0 trillion in operating profit for the fourth quarter.

For small and medium displays, SDC achieved solid performance driven by supply stability and increased smartphone demand from major customers, with the expansion of sales in the IT and automotive segments also contributing to earnings growth. The large display business recorded revenue growth by responding to market demand during the year-end peak season.

In Q1 2026, SDC anticipates soft smartphone demand and will accordingly seek to expand sales through the timely development and supply of displays for new major flagship smartphones. For large displays, it aims to proactively respond to the launch of new QD-OLED products and expand sales.

In 2026, SDC will advance its leadership in the smartphone market based on differentiated technologies. It will continue its premium market leadership in TVs by focusing on new high-brightness products, and for monitors, it plans to drive sales expansion based on differentiated performance advantages.

MX To Accelerate Momentum by Advancing AI Leadership

The Mobile eXperience (MX) and Networks Businesses posted KRW 29.3 trillion in consolidated revenue and KRW 1.9 trillion in operating profit for the fourth quarter.

The MX Business achieved double-digit annual profit in 2025 through flagship growth and stable sales of tablets and wearables, although smartphone sales declined in Q4 as new model launch effects normalized.

In Q1 2026, the Business plans to further strengthen its AI smartphone leadership by delivering Agentic AI experiences with the launch of the Galaxy S26 series. It also aims to ensure sustained profitability driven by flagship sales expansion and resource optimization, in addition to addressing global competitive uncertainties by strengthening supply stability.

In 2026, the MX Business intends to consolidate its mobile AI leadership by leveraging next-generation AI experiences as well as innovation in slimmer and lighter form factors. Additionally, it will pursue comprehensive growth across all segments via AI-driven product sales and new market expansion, while upholding a steadfast commitment to profitability through process optimization amid persistent cost pressures.

In Q4 2025, the Networks Business reported improvement to both QoQ and YoY earnings, supported by sales growth in North America. In Q1 2026, the Business aims to drive revenue growth through new orders amid investment headwinds in the telecommunications industry. Throughout the year, the Business will leverage its leadership in vRAN and ORAN to penetrate new markets while securing profitability through cost optimization.

CE Business and Harman Pursue Growth Through Differentiated Customer Experiences

The VD and DA Businesses posted KRW 14.8 trillion in consolidated revenue and KRW 0.6 trillion in operating loss in the fourth quarter.

In Q4 2025, the VD Business saw expanded revenue through robust sales of premium Neo QLED and OLED products as well as an effective response to peak seasonal demand. As intense market competition persisted, however, profitability remained under pressure.

In Q1 2026, the Business will focus on revenue growth and profitability improvement based on reinforced new product lineups such as Micro RGB TVs, as well as high-value-added products like Super Big TVs, QLEDs and OLEDs.

In 2026, the VD Business aims to drive revenue growth by targeting replacement demand driven by global sports events. It will also utilize differentiated AI-based customer experiences to enhance sales leadership.

Earnings for the DA Business declined in Q4 2025 as a result of low seasonal demand for air conditioners and shifting global trade conditions.

In Q1 2026, the Business anticipates an improvement in earnings driven by the expansion of AI product sales and a seasonal recovery in air conditioner demand.

In 2026, the DA Business will seek to accelerate the sales of AI products and expand growth pillars in business-to-business, direct-to-consumer and subscription-based areas. Additionally, along with cost-efficiency initiatives, it will drive HVAC growth through its synergies with FläktGroup — arising from Samsung Electronics’ recent acquisition of the leading European HVAC company.

Harman posted KRW 4.6 trillion in consolidated revenue and KRW 0.3 trillion in operating profit in the fourth quarter.

In Q4 2025, Harman achieved revenue growth by expanding automotive product supply to European OEMs and releasing new portable and true wireless sound (TWS) models, successfully addressing peak season demand and strengthening its brand portfolio.

In Q1 2026, the company aims to expand automotive sales, particularly the sales of digital cockpit and car audio products. It also plans on maintaining revenue growth in its consumer audio offerings.

In 2026, Harman will seek to strengthen its high-growth businesses in automotive and expand orders by acquiring advanced driver assistance system (ADAS) capabilities. In audio, it will strive to expand sales of premium products based on a reinforced brand portfolio.

•  Consolidated Sales: Approximately 93 trillion Korean won
•  Consolidated Operating Profit: Approximately 20 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 92 trillion to 94 trillion Korean won
• Operating Profit: 19.9 trillion to 20.1 trillion Korean won 

※  2025 3Q and 2024 4Q consolidated figures based on K-IFRS are as follows

HARMAN International, a global leader in automotive technology and lifestyle audio, and a wholly-owned subsidiary of Samsung Electronics, today announced that it has entered into a definitive agreement to acquire the Advanced Driver Assistance Systems (ADAS) business of ZF Group, comprising leading automotive compute solutions, smart cameras, radars and ADAS software functions. The transaction is valued at €1.5 billion.

A Strategic Step toward an Integrated, Centralized Vehicle Architecture

HARMAN’s “Consumer Experiences. Automotive Grade.” strategy focuses on bringing the speed, intelligence and intuitive experiences consumers expect from leading technology brands into vehicles, while also meeting the highest standards for automotive safety, reliability and long-term platform support. As automakers accelerate toward software-defined vehicles (SDV), this approach enables experiences that seamlessly connect safety and assisted driving functions with comfort, connectivity and in-vehicle intelligence. With this acquisition, HARMAN has secured strategic inroads in the ADAS and central compute platforms markets, reinforcing a foundation that anchors and advances its role in the fast-growing SDV market.

By integrating ZF’s ADAS capabilities with HARMAN’s flagship Digital Cockpit offerings within a centralized compute design, the acquisition bolsters HARMAN’s roadmap for next-generation vehicle architectures. The combination creates a foundation for future central compute solutions that bring assisted and automated driving solutions, safety and user experiences on a shared platform. This approach streamlines system design, reduces integration complexity and supports more efficient innovation cycles, allowing HARMAN to enable OEMs to scale differentiated, context-aware vehicle experiences.

“The industry is at an inflection point where safety, intelligence and in-cabin experience must come together through a unified computing architecture,” said Christian Sobottka, Chief Executive Officer and President, Automotive Division, HARMAN. “With this agreement, we take a strategic step to expand our portfolio with complementary ADAS capabilities that unlock a new class of cross-domain experiences ranging from perception-informed audio cues to more personalized, situation-aware driving. Combined with HARMAN’s long-standing automotive expertise and supported by Samsung’s broader technology leadership, this positions us to help OEMs design the next generation of intelligent, empathetic and connected vehicles.”

“With HARMAN, we have found the ideal partner to fully unlock the growth and innovation potential of our ADAS business,” said Mathias Miedreich, CEO of ZF Group. “At the same time, this deal makes an important contribution to reducing our company’s debt and allows us to focus our resources on the core technologies in which ZF is a global leader.”

“Samsung has a successful record of strategic acquisitions that accelerate innovation and expand what’s possible for our customers,” said Young Sohn, Chairman of the Board of Directors, HARMAN and Senior Advisor, Samsung Electronics. “Since acquiring HARMAN in 2017, the company has scaled its automotive and audio business from $7 billion to more than $11 billion today. Adding ZF’s ADAS capabilities builds on that momentum. HARMAN will further expand its technology foundation to deliver safer, more intelligent and more intuitive in-vehicle experiences. This acquisition reinforces HARMAN’s leadership in the industry’s transformation and underscores Samsung’s long-term commitment to the future of mobility.”

“This transaction marks a major milestone in the execution of HARMAN’s long-term strategy and further strengthens our portfolio,” said Carolin Reichert, Chief Strategy Officer of HARMAN. “Throughout the process, we worked in a very constructive collaboration with ZF and demonstrated our ability to successfully execute a highly complex carve-out.”

As part of the agreement, approximately 3,750 ZF employees across Europe, the Americas and Asia are expected to transition to HARMAN upon closing of the transaction. The transaction is expected to close in the second half of 2026, subject to receiving necessary regulatory approvals.

Upon closing, HARMAN will integrate ZF’s ADAS capabilities into its centralized compute and digital cockpit roadmap, enabling OEMs to deploy more scalable, safety-integrated vehicle architectures. The companies will maintain strong support for existing programs while aligning engineering, ADAS and compute teams to accelerate innovation for next-generation platforms.

About HARMAN

HARMAN is a global leader in Lifestyle Audio and Automotive technology. We create intelligent experiences that enrich people’s lives on the road, in their homes, on the stage and everywhere in between. Our iconic audio brands — including JBL®, Harman Kardon®, AKG®, Bowers & Wilkins®, Denon® and Marantz® — bring premium sound to consumers and audio/visual professionals worldwide. More than 50 million vehicles globally rely on HARMAN’s technologies to deliver safer, smarter and more intuitive in-cabin experiences. A wholly owned subsidiary of Samsung Electronics, HARMAN has approximately 26,000 employees around the world.

About ZF

ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology. Its comprehensive product range is primarily aimed at vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate as well as enhancing safe mobility. Alongside the automotive sector — passenger cars and commercial vehicles — ZF also serves market segments such as construction and agricultural machinery, wind power, marine propulsion, rail drives and test systems. With some 161,600 employees worldwide, ZF reported sales of €41.4 billion in fiscal 2024. The company operates 161 production locations in 30 countries.

Rising obesity and chronic disease are making ultrasound exams more complex, leading to higher rates of inconclusive results and creating demand for advanced imaging technologies that provide deeper penetration, intelligent clinician support and diagnostic consistency. At the same time, widespread sonographer pain and workforce shortages highlight the importance of ergonomic design. The R20 was designed to meet these challenges head-on, combining imaging precision, Artificial Intelligence (AI) and ergonomics in a single system.

Built for exceptional imaging performance, the R20 is powered by Samsung’s Advanced Imaging Engine: integrating cutting-edge hardware with sophisticated software beamforming to achieve remarkable image clarity and diagnostic accuracy. R20 offers more than a dozen AI-powered tools¹ for real-time exam guidance, diagnostic assistance, workflow automation and automated measurements to help clinicians improve accuracy, save time and scan with greater confidence in complex cases. Complementing its clinical performance, the R20 achieved independent validation as a leader in ergonomic innovation, meeting 100% of recognized ergonomic guidelines and recommendations² to promote clinician comfort and healthy scanning.

“The R20 embodies our mission to elevate diagnostic imaging through purposeful innovation,” said Tracy Bury, Chief Commercial Officer of Samsung Healthcare in the USA and Vice President of Global Growth Initiatives. “Driven by close collaboration with clinicians, the R20’s technologies are designed as practical tools that make a real difference in how clinicians work and patients are cared for. With the R20, we’re moving from a fast follower to a true technology leader, driving innovation at a pace that’s reshaping ultrasound.”

The Samsung R20 will be unveiled in the U.S. for the first time at the Radiological Society of North America (RSNA) 2025 Annual Meeting on Sunday, November 30, 2025 from 11:00–11:15 a.m. at the Samsung booth #6122 in North Hall B.

Attendees are invited to experience the R20 firsthand and explore how Samsung is redefining ultrasound performance through innovation in imaging, AI and ergonomics. For more information about the Samsung R20, visit: https://usa.samsunghealthcare.com/ultrasound/general-imaging/r20.

1. Data on file. Product features and availability may vary by region due to local regulatory requirements. ︎
2. Whitepaper. Sound Ergonomics. Samsung R20 Ergonomic Evaluation. 2025 ︎

President Roh will continue to oversee the Company’s mobile business as Head of Mobile eXperience (MX) Business, while Vice Chairman Jun will remain as Head of Memory Business.

To strengthen Samsung’s technology leadership, the Company named Janghyun Yoon as President, Chief Technology Officer of DX Division and Head of Samsung Research, and Hongkun Park as Head of Samsung Advanced Institute of Technology (SAIT).

President Yoon was previously the CEO of Samsung Venture Investment. Prior to Samsung Venture Investment, he was responsible for software platforms as well as IoT and Tizen development at the MX Business.

Park is currently the Mark Hyman Jr. Professor of Chemistry and Professor of Physics at Harvard University, and a renowned researcher in the fields of nanoscience, quantum science and engineering.

Following the acquisition, Samsung plans to leverage FläktGroup’s production and sales units to expand R&D and strengthen the supply chain, progressively integrating products and services to maximize synergies. FläktGroup’s subsidiaries will also be a part of Samsung Electronics, including Woods Air Movement, which provides ventilation and fire safety systems, SEMCO, which specializes in air handling and flow solutions, and SE-Elektronic which delivers tailored advanced automation systems. Meanwhile, FläktGroup’s name, existing management, personnel and facilities will be maintained, operating it as an independent subsidiary to preserve its technological expertise and brand identity.

“This marks a strategic move for Samsung, aimed at leading the global HVAC and data center markets,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “By merging FläktGroup’s technological expertise with Samsung’s AI platforms, we aim to set a new benchmark in the industry, delivering innovative solutions to customers.”

Through this acquisition, Samsung will strategically nurture the HVAC business as a new growth engine within its DX Division. The company plans to continuously invest in commercial HVAC solutions and expand into high-growth sectors such as AI data centers.

As demand for large-scale air conditioning systems grows in Korea, North America, and Europe — including large factories, commercial complexes, marine, hospitals, and biopharmaceutical facilities — the company aims to establish a robust supply chain in each region and enhance its service capabilities. Moreover, Samsung formed a joint venture with Lennox last year to further secure its presence in the North American market, and expects that the acquisition of FläktGroup will strengthen the company’s position with expanded expertise to HVAC solutions.

Additionally, by integrating FläktGroup’s advanced HVAC control systems with Samsung’s building management platforms such as SmartThings Pro and b.IoT, Samsung will explore new opportunities in smart building solutions and energy efficiency.

“Joining Samsung will accelerate FläktGroup’s global market expansion and drive technological innovation,” commented Trevor Young, CEO of FläktGroup. “The synergy between our companies will be a major turning point in developing future-oriented HVAC solutions.”

With over a century of history and technical expertise, FläktGroup supplies central air conditioning and precision cooling solutions for several industries across global markets. The company operates more than 10 production bases for central HVAC products and has built an extensive sales and service network across Europe, the Americas, the Middle East and Asia.

Based on these capabilities, the company has participated in the Stargate Project and partnered with other major hyperscale customers. It has also developed and supplied custom solutions which are aimed specifically at the data center sector and the fast-growing AI industry demands. Additionally, it has established a dedicated North America data center team to swiftly respond to growing demand in the U.S., and it has further invested in a global account team headquartered in Singapore to support key customers, ensuring proximity and ease of doing business.

Samsung Electronics, a global leader in technology, today announced that its latest lineup of products and services has been recognized by the Consumer Technology Association (CTA)® with multiple CES® 2026 Innovation Awards. This recognition highlights Samsung’s continued commitment to redefining the possibilities of consumer technology and delivering experiences that combine performance, design and intelligence.

The CES Innovation Awards program celebrates excellence in design and engineering across a broad spectrum of consumer technology categories. For Samsung, the honors reinforce the company’s vision of creating a seamlessly connected ecosystem that enhances convenience, creativity and accessibility. The awards also spotlight Samsung’s efforts in AI integration, immersive displays, smart home solutions and advanced semiconductor technologies that power next-generation devices.

In particular, the Samsung Visual Display Business earned a number of innovation awards with two Best of Innovation winners. This includes honors for Samsung TV and commercial screens, as well as audio and memory products and monitors. In addition, the Digital Appliances Business was also honored with awards, including the refrigerator’s AI Vision Inside and Auto Open Door features along with its latest home-focused innovations that elevate the user experience through enhanced convenience and functionality.

From pioneering innovations in XR form factors to advancing intelligent AI solutions for everyday life, these awards underscore Samsung’s role in shaping the future of technology and delivering experiences that are more connected, personalized and seamlessly integrated than ever before. A full list of Samsung’s award-winning products will be shared on Jan. 4, 2026.

CES® 2026, the premier global stage for breakthrough technology and design, will take place Jan. 6–9 in Las Vegas, Nevada, offering attendees a first look at the next generation of Samsung innovations.

Highlighted CES 2026 Best of Innovation Award Winner

Cybersecurity: S3SSE2A

Samsung’s S3SSE2A is the industry’s first embedded security chip to feature hardware-based Post-Quantum Cryptography (PQC) — providing powerful protection against future quantum computing threats. As quantum computers grow in capability, they could break traditional encryption, putting sensitive personal and enterprise data at risk. S3SSE2A is designed to prevent that by securely processing and storing data directly on the chip using advanced cryptographic algorithms compliant with the U.S. National Institute of Standards and Technology (NIST) standards. This hardware-level protection goes beyond software-only solutions, delivering long-term security and system integrity. It also supports secure device authentication and encrypted communication — ideal for mobile, IoT and connected devices where security is essential. Certified to CC EAL6+, the highest level of security assurance in the industry, S3SSE2A withstands both physical and digital attacks. By embedding quantum-resilient encryption within the silicon itself, Samsung enables designers to build smarter, safer systems ready for the next era of connected intelligence.

S3SSE2A is also an Honoree in the Embedded Technologies category.

Highlighted CES 2026 Innovation Award Honorees

XR & Spatial Computing Category: Galaxy XR

Galaxy XR¹ is Samsung’s eXtended reality headset, and the first device built on Android XR — a new platform developed together by Samsung, Google and Qualcomm. This open, scalable platform with multimodal AI at its core enables Galaxy XR to unleash limitless possibilities for the future of discovery, play and work. By blending the physical world with the virtual world, Galaxy XR provides unparalleled, immersive experiences in an infinite space, while creating a dynamic spatial canvas where users’ sight, gestures and voice combine to interact with the outside world. Galaxy XR embodies a vision for the future, where the synergy of AI and XR transform the possibilities of personal computing and expand mobile AI into a new frontier of immersive and meaningful possibilities.

Mobile Devices, Accessories & Apps Category: Galaxy Z Fold7

Galaxy Z Fold7 is Samsung’s thinnest, lightest and most durable foldable yet — packed with a 200MP wide-angle camera, immersive screen for multitasking and editing, powerful Galaxy AI.² In its most innovative form-factor yet, Galaxy Z Fold7 is meticulously designed to be thin, light and durable, allowing users to move with confidence. This is made possible by its advanced Armor Aluminum frame, IP48 water resistance, an enhanced Armor FlexHinge, and Corning® Gorilla® Glass Ceramic 2 with Corning® Gorilla® Glass Victus® 2 on the front and back screens. With expansive screens inside and out, Galaxy Z Fold7 delivers the ultra-experience, unfolded.

Fashion Tech Category: Galaxy Watch8

The Galaxy Watch8 series offers two models including Galaxy Watch8 Classic, with its signature rotating bezel, and Galaxy Watch8, the thinnest Galaxy Watch to date. Coupled with the all-new cushion shape, the Galaxy Watch8 series has a distinctive edge with sleek lines that protects the display without getting in the way of your routine. Crafted to maximize your days and your wellbeing with new features like Running Coach,³ Bedtime Guidance,⁴ Antioxidant Index⁵ and Vascular Load, Watch8’s series revamped design and Dynamic Lug system fit on your wrist comfortably for precise sensor contact and accurate health tracking.

Computer Hardware & Components: PM9E1 M.2 22×42

PM9E1 M.2 22×42 is the world’s first PCIe Gen5 SSD in an ultra-compact 22mm x 42mm M.2 form factor for AI PCs, delivering breakthrough performance and spatial efficiency. Designed for premium gaming, next-gen on-device AI and high-end computing, PM9E1 offers industry-leading sequential read/write speeds of up to 14.8GB/s and 13.4GB/s. With capacities up to 4TB — unprecedented in this size class — it’s engineered for space-constrained compute systems without compromising performance. PM9E1 M.2 22×42 is powered by Samsung’s in-house “Presto” controller and cutting-edge V8 TLC V-NAND, ensuring exceptional power efficiency, responsiveness and durability. Its robust architecture supports secure data operations with SPDM (Security Protocol and Data Model) v1.2 for device-level authentication and firmware integrity. Whether accelerating AI workloads or streaming ultra-high-resolution content, PM9E1 defines the future of fast, secure and compact storage.

Vehicle Tech & Advanced Mobility: Detachable AutoSSD

Samsung’s Detachable AutoSSD is the industry’s fastest auto-grade storage technology for mass production target, purpose-built for demanding in-vehicle environments. Unlike embedded storage, it features a modular E1.A form factor that separates the controller and NAND, improving heat dissipation, extending product life and simplifying upgrades or replacement. Engineered for real-world conditions, Samsung’s Detachable AutoSSD includes an automotive-grade connector and adapter built to withstand constant shock, vibration and temperature variation. It is powered by Samsung’s 8th-generation V-NAND and a PCIe Gen4 NVMe controller built on a 5nm process, delivering fast, efficient performance. Samsung’s Detachable AutoSSD enables reliable, high-capacity storage for the connected and autonomous vehicles of tomorrow.

Mobile Devices, Accessories & Apps: LPDDR6

As AI, edge computing and mobile platforms continue to evolve, the demand for faster, more efficient and secure memory is reaching new heights. LPDDR6 is a next-generation memory solution engineered to meet these demands. Built on an advanced 12nm process, LPDDR6 supports blazing-fast data rates of up to 10.7Gbps and features an expanded I/O count to maximize bandwidth — ideal for data-intensive mobile applications, edge computing and AI workloads. A dynamic power management system intelligently tunes power consumption by workload, delivering approximately 21% better energy efficiency than its predecessor. LPDDR6 also introduces enhanced security mechanisms to safeguard data integrity, expanding its role beyond mobile into industrial and mission-critical AI environments. With its scalable, cross-platform architecture and eco-conscious design, LPDDR6 strikes a powerful balance between performance, energy savings and reliability — making it an essential memory solution for the intelligent systems of tomorrow.

Imaging: ISOCELL HP5

ISOCELL HP5 is the smallest 200 mega-pixel image sensor for mobile devices. The sensor is only half the size of a penny and packs 200 million of the industry’s tiniest 0.5㎛ sized pixels, each just 1/100th the width of a strand of human hair. Leveraging Samsung’s cutting-edge proprietary pixel technology, the ISOCELL HP5 achieves superb light absorption and signal conversion, overcoming challenges once thought impossible at this scale. The 0.5㎛ sized pixel allows the 200MP sensor to fit in 1/1.56” optical format, a format typically used for 50MP sensors. This allows smartphone manufacturers to upgrade their devices to 200MP with ease. The ISOCELL HP5 not only delivers exceptional image detail but also can take vivid 8K video at 30fps resolution to fully capture the moment that matters the most for the end-users.

Sustainability & Energy: T7 Resurrected

T7 Resurrected Portable Solid State Drive (PSSD) features a unique body case design crafted from 100% recycled aluminum certified by TÜV Rheinland.⁶ By eliminating the coloring process, the product showcases the natural luster of aluminum while minimizing chemical use and streamlining its manufacturing process. The body case, fabricated from aluminum discarded generated during the production of mobile devices, encourages the cross-division circulation of resources. Also, the packaging design utilizes 100% recycled paper and ASA-certified soy ink**.⁷

The T7 Resurrected delivers maximum sequential read speeds of up to 1,050 MB/s and write speeds of up to 1,000 MB/s on USB 3.2 Gen 2 standard. This allows users to experience rapid data transfers even with large files and efficiently manage data-intensive workloads. Users can install the T7 Resurrected on a wide range of devices and operating systems for seamless use across platforms. The new PSSD is scheduled to launch later this month.

1. You must be 13 or over to wear Galaxy XR. Battery pack connection is required to use the device. Users should not wear the device in moving vehicles or during activities that require focus — including cycling, driving or physical exercise. Doing so may cause distraction and increase the risk of discomfort or injury. ︎
2. Galaxy AI features by Samsung are free through 2025 and require Samsung account login. ︎
3. Available for outdoor running only; requires at least 12 minutes of running with GPS on and initial setup. Galaxy AI features track data and require compatible Samsung Galaxy phone, Samsung Health app and Samsung account. ︎
4. Bedtime Guidance: Must wear watch for 3 consecutive nights and set optimal wake-up time in the Samsung Health app. ︎
5. Not intended for medical use. ︎
6. Using 35 tons (35,000 kg) of recycled aluminum, approximately 800,000 units may be produced, with around 44 g of recycled aluminum used per unit. ︎
7. Packaging is made from 100% recycled paper (FSC certified) and printed with ASA Soy Ink. ︎

The Company posted KRW 86.1 trillion in consolidated revenue, an increase of 15.4% compared to the previous quarter. Operating profit increased to KRW 12.2 trillion.

The Device Solutions (DS) Division reported a 19% increase in sales quarter-on-quarter (QoQ), with the Memory Business setting an all-time high for quarterly sales, driven by strong growth of HBM3E and server SSDs.  Meanwhile, the Device eXperience (DX) Division posted a revenue increase of 11% QoQ due to the successful launch of new foldable phones and solid flagship sales.

Looking ahead to Q4, the rapid growth of the AI industry is expected to open up new market opportunities for both the DS and DX Divisions. The DS Division plans to focus on enhancing its performance by increasing sales of high-value-added memory products tailored to AI. The semiconductor market is expected to remain strong, driven by ongoing AI investment momentum.

Meanwhile, the DX Division will strengthen its efforts to launch AI products equipped with the most innovative technologies through open collaborations with leading global partners in respective business segments.

Semiconductors Achieve High Profits, To Continue Meeting Server Demand

The DS Division posted KRW 33.1 trillion in consolidated revenue and KRW 7.0 trillion in operating profit for the third quarter.

In Q3 2025, the Memory Business achieved record-high quarterly revenue by expanding HBM3E sales while proactively addressing strong demand across all applications. HBM3E is currently in mass production and being sold to all related customers, while HBM4 samples are simultaneously being shipped to key clients. A favorable price environment and notably reduced one-off costs such as inventory value adjustments contributed to higher profits.

In Q4 2025, the Business will actively respond to demand from AI and conventional servers with HBM3E, high-density eSSDs and other leading-edge memory offerings. Additionally, it will continue to expand sales of industry-leading, high-value-added server memory products, such as 128GB and higher DDR5, as well as 24Gb GDDR7.

Going forward in 2026, the Memory Business will focus on the mass production of HBM4 products with differentiated performance, while simultaneously aiming to scale out the HBM sales base. In particular, demand for HBM4 is also projected to increase, and the Company plans to proactively respond with capacity expansion in 1c. It will also concentrate on expanding sales of other high-value-added products, such as DDR5, LPDDR5x and high-density QLC SSDs to meet demand for AI applications.

Earnings for the System LSI Business stalled due to seasonality and customer inventory adjustments, despite a stable supply of premium systems-on-chip (SoCs).

In Q4 2025, the Business will aim to expand sales of premium SoCs and image sensors amid continued weak demand from major customers.

In 2026, the System LSI Business plans to strengthen the competitiveness of the Exynos processor for key flagship models and leverage differentiated image sensor technologies to broaden market presence.

The Foundry Business posted a significant improvement in earnings in Q3 2025, stemming from a reduction in one-off costs and better fab utilization. The Business also achieved record-high customer orders, mainly on advanced nodes.

In Q4 2025, the Business will aim for continued earnings improvement by ramping up mass production of 2nm Gate-All-Around (GAA) products, increasing fab utilization, and optimizing costs.

In 2026, the Foundry Business will focus on providing a stable supply of new 2nm GAA products and the HBM4 base-die, and beginning operations at the Company’s fab in Taylor, Texas in a timely manner.

SDC Improves Performance on Demand for Flagship Smartphones, Will Increase Large Display Sales

Samsung Display Corporation (SDC) posted KRW 8.1 trillion in consolidated revenue and KRW 1.2 trillion in operating profit for the third quarter.

For small and medium displays, performance improved as a result of robust demand for flagship smartphones and a proactive response to new product demand from key customers. As for large displays, unit sales increased on the back of expanding demand for gaming monitors.

In Q4 2025, demand for new smartphones is expected to continue, and sales of non-smartphone display products are projected to increase, as well. SDC also aims to increase sales of large displays with the full-scale launch of products adopting the new QD-OLED monitor lineup.

In 2026, SDC will widen the smartphone technology gap by leveraging differentiated technologies tailored for AI devices and enhanced foldable product excellence, while the new 8.6G IT line will accelerate OLED expansion with competitive products.

SDC will maintain premium TV panel leadership based on superior performance and will continuously strengthen its monitor market position by expanding its lineup and diversifying its customer base.

MX Boosts Earnings on Strong Galaxy Z Fold7 Launch, To Drive Sales of AI Smartphones Through Seasonal Promotions

The Mobile eXperience (MX) and Networks Businesses posted KRW 34.1 trillion in consolidated revenue and KRW 3.6 trillion in operating profit for the third quarter.

In Q3 2025, the MX Business experienced QoQ and year-over-year (YoY) growth in sales and operating profit as a result of robust flagship smartphone sales, as well as the strong launch of Galaxy Z Fold7 and improved sales of tablets and wearables.

In Q4 2025, the Business plans to utilize seasonal promotions of AI smartphones such as Galaxy S25 and foldables — as well as ecosystem devices centered on new premium models — to achieve YoY growth.

In 2026, MX will strengthen its AI leadership with form factor innovations and expand AI smartphone sales to drive growth across all segments and strengthen its market share in terms of volume. The Business will also maintain cost efficiency via process optimization amid uncertainties and increasing material costs.

Visual Display Earnings Decline Despite Solid Sales Growth of Premium Products, Will Proactively Capture Seasonal Demand Focusing on Premium and Large-Screen TVs

The Visual Display and Digital Appliances Businesses posted KRW 13.9 trillion in consolidated revenue and KRW 0.1 trillion in operating loss in the third quarter.

In Q3 2025, the Visual Display (VD) Business achieved solid sales growth of premium products, including Neo QLED, OLED and large-screen TVs, but it saw a decline in earnings due to intensified competition.

In Q4 2025, the Business aims to achieve revenue recovery by proactively capturing seasonal demand with reinforced sales programs centered on premium and large-screen TVs.

Looking to 2026, the Business plans to strengthen leadership in the premium segment through innovative products such as Micro RGB TVs, while expanding sales in low-end to mid-range segments to drive revenue growth. Additionally, the Business will deliver differentiated customer experiences by enhancing AI functionality, and it will drive growth momentum by advancing TV Plus content and advertisements, leveraging 19 consecutive years of TV sales leadership.

Now in its sixth year, Samsung Week is the company’s largest promotional event — offering customers exclusive offers on a wide range of products through Samsung.com.

Originally held in 32 countries, the event has since doubled its global reach and achieved more than fourfold growth in sales. With the addition of mobile live commerce and region-specific social media initiatives, Samsung has enhanced the customer experience and established Samsung Week as its flagship global promotion.

This year’s theme, “Where Innovation Begins: From You,” emphasizes the company’s belief that customers are the driving force behind its innovation.

Based on analyses of customer purchases this year, Samsung Week 2025 highlights²:

• Best-selling products of the year such as the Galaxy S25 series, QLED TVs and Bespoke AI refrigerators
• Most-searched products such as Galaxy Z Fold7, Music Frame, and the Bespoke AI Laundry Combo
• Most registered products on SmartThings
• Bundled products customized for diverse customer lifestyles

Alongside the event, a ‘Personalized Product Recommendation’ feature has been newly introduced. When logged in with a Samsung account, customers receive tailored recommendation that consider factors such as product replacement cycles, purchase trends among users with similar devices and available rewards — providing a more convenient and personalized shopping experience.

Frequent customers can enjoy even greater benefits during Samsung Week 2025. Depending on the region, they can redeem accumulated points at higher values, receive larger discounts for registering more products to their Samsung accounts and take advantage of trade-in offers for eligible products.³

Additional benefits include Samsung Rewards — earned based on the products purchased and total amount spent and usable like cash on Samsung.com — as well as Samsung Care+ for professional product care.

A Samsung Week character digital sticker pack, inspired by the diverse experiences of customers around the world, is available for free download on Samsung.com during the event period.

Highlighting 56 years of customer-centric innovation, people can experience the campaign on large digital billboards in iconic locations worldwide, including Times Square in New York City and Piccadilly Circus in London.

For more details about Samsung Week 2025 in each region, visit Samsung.com.

1. Event period may vary by country or region. ︎
2. Event products and product names may vary by country or region. ︎
3. Details and benefits may vary by country or region. ︎

“Guided by its commitment to advancing next-generation bio-technologies and improving quality of life, Samsung C&T has continuously invested in innovative companies. The collaboration with GRAIL represents a significant new step—moving beyond investment to a strategic business partnership that provides Samsung with a strong foothold for expanding into the cancer screening field and delivering one of these promising technologies to customers in South Korea and across Asia.” said Jaywoo Kim, Executive Vice President of Life Science Business at Samsung C&T.

Subject to final execution of definitive agreements, GRAIL and SCT will work as exclusive partners to commercialize the Galleri test in South Korea, with a possible extension into other Asian geographies, including Japan and Singapore. SCT will undertake key activities to drive adoption of Galleri . Initially, tests will be performed in GRAIL’s clinical laboratory in Research Triangle Park, North Carolina.

“We look forward to partnering with Samsung to bring multi-cancer early detection to Asia, beginning in South Korea,” said Sir Harpal Kumar, President, International Business & Biopharma, at GRAIL. “Samsung’s significant equity investment strengthens our balance sheet and provides further cash runway as we advance through key milestones to secure reimbursement for Galleri in the U.S. and key international markets.”

In addition, SEC and GRAIL intend to explore potential strategic and operational collaborations such as supporting longitudinal genomic-lifestyle clinical research, and the integration of SEC’s health data platform with GRAIL’s technologies and data.

“Our investment in and strategic cooperation with GRAIL is part of our vision to improve the health of billions of people. A potential collaboration with GRAIL could allow for the integration of our AI, our digital care platform, and device ecosystem with GRAIL’s clinical genetic data and technology, which could allow us to provide a level of personalization for our users to help them better understand their health,” said Hon Pak, Senior Vice President and Head of Digital Health Team, Mobile eXperience Business, at Samsung Electronics.

The terms of the collaborations are set forth in the term sheets between the parties. Definitive agreements will be negotiated in good faith pursuant to the term sheet and are intended to be entered into in early 2026. Commercial operations will begin soon after execution. Within South Korea, and potentially Japan and Singapore, GRAIL will partner with SCT as its sole distributor, subject to certain requirements, and GRAIL’s Galleri test will be the exclusive MCED test distributed by SCT.

The investment is subject to execution of the definitive collaboration agreements between the parties, as well as customary closing conditions and regulatory approvals. The investment is expected to close in early 2026.

Latham & Watkins served as legal advisor and Morgan Stanley & Co. LLC served as financial advisor to GRAIL. Samsung was advised by Covington & Burling, BKL, and E&Y Han Young (Korea).

¹ Representing a 10% premium to the 15 day VWAP.

About Samsung C&T Corporation

Samsung C&T Corporation, a dynamic player in industries ranging from construction, trading, fashion and resorts, is actively expanding its portfolio with strategic investments in the fields of biopharmaceutical and life sciences. Since its investment in Samsung Biologics and Samsung Bioepis, Samsung C&T continues to invest in innovative technologies and businesses within the bio and healthcare sectors, with the goal of contributing to improving the quality of human life.

About GRAIL

GRAIL is a healthcare company whose mission is to detect cancer early, when it can be cured. GRAIL is focused on alleviating the global burden of cancer by using the power of next-generation sequencing, population-scale clinical studies, and state-of-the-art machine learning, software, and automation to detect and identify multiple deadly cancer types in earlier stages. GRAIL’s targeted methylation-based platform can support the continuum of care for screening and precision oncology, including multi-cancer early detection in symptomatic patients, risk stratification, minimal residual disease detection, biomarker subtyping, treatment and recurrence monitoring. GRAIL is headquartered in Menlo Park, CA with locations in Washington, D.C., North Carolina, and the United Kingdom.

For more information, visit grail.com.

About Galleri^®
The Galleri multi-cancer early detection test is a proactive tool to screen for cancer. With a simple blood draw, Galleri can detect more than 50 types of cancer before symptoms appear — when they can be easier to treat and are potentially curable². Galleri is the only available MCED test with demonstrated performance in patients screened for cancer^2,*. The Galleri test doubles the number of cancers detected when added to standard of care cancer screening, and has the lowest false positive rate of any MCED test^1,2,3,4,**. When a cancer signal is found, Galleri provides a cancer signal of origin with high accuracy to help guide an efficient diagnostic work-up^4,5,6. The Galleri test requires a prescription from a licensed healthcare provider and should be used in addition to recommended cancer screenings such as mammography, colonoscopy, prostate-specific antigen (PSA) test, or cervical cancer screening. The Galleri test is recommended for adults with an elevated risk for cancer, such as those aged 50 or older.

For more information, visit galleri.com.

* The Galleri test performance metrics were derived from the outcomes of an interventional clinical study of patients presenting for screening without clinical suspicion of cancer, a study population that reflects the intended use population.

** Test performance metrics do not represent results of a head-to-head comparative study. Separate studies have different designs, objectives, and participant populations, which limits the ability to draw conclusions about comparative performance.

Important Galleri Safety Information
The Galleri test is recommended for use in adults with an elevated risk for cancer, such as those age 50 or older. The test does not detect all cancers and should be used in addition to routine cancer screening tests recommended by a healthcare provider. The Galleri test is intended to detect cancer signals and predict where in the body the cancer signal is located. Use of the test is not recommended in individuals who are pregnant, 21 years old or younger, or undergoing active cancer treatment.
Results should be interpreted by a healthcare provider in the context of medical history, clinical signs, and symptoms. A test result of No Cancer Signal Detected does not rule out cancer. A test result of Cancer Signal Detected requires confirmatory diagnostic evaluation by medically established procedures (e.g., imaging) to confirm cancer.

If cancer is not confirmed with further testing, it could mean that cancer is not present or testing was insufficient to detect cancer, including due to the cancer being located in a different part of the body. False positive (a cancer signal detected when cancer is not present) and false negative (a cancer signal not detected when cancer is present) test results do occur. Rx only.

Laboratory/Test Information
The GRAIL clinical laboratory is certified under the Clinical Laboratory Improvement Amendments of 1988.

(CLIA) and accredited by the College of American Pathologists. The Galleri test was developed — and its performance characteristics were determined — by GRAIL. The Galleri test has not been cleared or approved by the Food and Drug Administration. The GRAIL clinical laboratory is regulated under CLIA to perform high-complexity testing. The Galleri test is intended for clinical purposes.

GRAIL Forward Looking Statements
This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should,” “would,” or “will,” the negative of these terms, and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, may include expectations and projections of our ability to negotiate definitive agreements, the closing of the investment, the terms under which we will conduct our collaborations, future potential additional collaborations, our ability to commercialize Galleri in other geographies, success of our collaboration with counterparties, sufficiency of cash on hand to finance our business and anticipated trends in our business.

These statements are only predictions based on our current expectations and projections about future events and trends. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially and adversely from those expressed or implied by the forward-looking statements, including those factors and numerous associated risks discussed under the sections entitled “Risk Factors” in our Annual Report on Form 10-K for the period ended December 31, 2024 and in our Quarterly Report on [Form 10-Q for the period ended June 30, 2025] (the “Form 10-Q”). Moreover, we operate in a dynamic and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results, level of activity, performance, or achievements to differ materially and adversely from those contained in any forward-looking statements we may make.

Forward-looking statements relate to the future and, accordingly, are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Although we believe the expectations and projections expressed or implied by the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. Our actual results, financial condition and success in our business strategies and operations may differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update any of these forward-looking statements after the date of this press release to conform our prior statements to actual results or revised expectations or to reflect new information or the occurrence of unanticipated events.

References:

1. Nabavizadeh N, et al. Safety and Performance of a Multi-Cancer Early Detection (MCED) Test in an Intended-Use Population: Initial Results from the Registrational PATHFINDER 2 Study. Proffered Presentation Presented at: European Society for Medical Oncology (ESMO) Annual Meeting; October 17-21, 2025; Berlin, Germany.
2. Klein EA, Richards D, Cohn A, et al. Clinical validation of a targeted methylation-based multi-cancer early detection test using an independent validation set. Ann Oncol. 2021 Sep;32(9):1167-77. doi: 10.1016/j.annonc.2021.05.806
3. GRAIL, Inc. False positive rate. [Data on file: GR-2025-0256]
4. Schrag D, Beer TM, McDonnell CH, et al. Blood-based tests for multi-cancer early detection (PATHFINDER): a prospective cohort study. Lancet. 2023;402:1251-1260. doi: 10.1016/S0140-6736(23)01700-2
5. GRAIL, Inc. Enhanced Cancer Signal Origin prediction. [Data on file: VV-TMF-59592]
6. Hackshaw A, et al. Cancer Cell. 2022;40(2):109-13.

Samsung Electronics today announced it has been recognized by Interbrand, a global brand consultancy, as the 5th-ranked global brand for the sixth year in a row. Interbrand releases its list of “Best Global Brands” each year. For this year’s list, Samsung recorded a brand value of $90.5 billion, upholding its position as the only Asian company to remain in the global top five since 2020.

According to Interbrand, Samsung Electronics’ evaluation was positively influenced by:

• Strengthened AI competitiveness across the company’s business divisions
• Enhanced customer experiences through unified integration across products
• Focused investment in AI-related semiconductors
• Execution of a customer-centric brand strategy

“Through AI innovation and open collaboration, Samsung has worked to ensure that more customers can experience AI in their daily lives,” said Won-Jin Lee, President and Head of Global Marketing Office at Samsung Electronics. “Moving forward, we will continue to focus on benefits for customers including in health and safety so that Samsung can grow into an even more beloved brand.”

Under the vision of “Innovation for All,” Samsung consistently strives to make AI accessible to more customers worldwide.

This year, Samsung reinforced its leadership in mobile AI with the continued advancement of Galaxy AI, aiming to make it available on 400 million devices within the year driving the democratization of AI. In Consumer Electronics (CE), Samsung has expanded AI competitiveness by introducing AI technologies tailored to each product category, such as Vision AI and Bespoke AI.

Through open collaboration with diverse partners, Samsung has enhanced personalized AI experiences for customers, while also providing industry-leading security with Samsung Knox.

In semiconductors, Samsung has been addressing the growing demand for AI with a comprehensive portfolio across cloud, on-device and physical AI. This includes actively responding with advanced products including HBM, high-capacity DDR5, LPDDR5X and GDDR7.

Beyond AI, Samsung continues to enhance the accessibility of its products and services and drive sustainable innovation across all business divisions. This includes energy savings through energy-efficient appliances connected via SmartThings.

Samsung’s Recognized Efforts in Each Business Division

Mobile

• Leading the mobile AI era and driving the popularization of AI with Galaxy AI
• Strengthening foldable category leadership with the launch of Galaxy Z Fold7 and Z Flip7
• Enhancing customer trust through strengthened privacy and security technologies
• Expanding health services through advanced wearables, Samsung Health enhancements and open collaboration

Networks

• Reinforcing leadership in AI-powered virtualized Radio Access Networks (vRAN) and Open RAN
• Consistently innovating technologies to support various 5G use cases, including high quality streaming and gaming
• Leading the technical standardization of 6G
• Enhancing partnerships with customer companies and communicating the sustainability aspects of Samsung’s network technology

Visual Display

• Solidifying global leadership in TVs, soundbars and gaming monitors
• Innovating viewing with rich AI features based on Vision AI
• Enhancing The Frame and Art Store services to deliver personalized art TV experiences
• Expanding content offerings through partnerships in TV Plus, entertainment, gaming and music

Digital Appliances

• Maintaining global leadership in categories such as refrigerators and washing machines through consistent product innovation and advanced AI capabilities
• Providing differentiated convenience and advanced AI experiences through SmartThings integration
• Expanding Bespoke AI appliance leadership across energy efficiency, usability, performance and design

Semiconductor

• Operating a diverse portfolio across cloud, on-device and physical AI applications
• Maintaining leadership in mobile and automotive semiconductors, including DDR, SSD, LPDDR, UFS and Auto SSD
• Continuing development and investment in innovative solutions like CMM-D and HBM
• Sharing vision and industry leadership through influential tech events

Interbrand’s Best Global Brands are ranked based on brand value evaluation, which involves a comprehensive analysis of the company’s financial performance and outlook, the influence of the brand on customer purchases and brand competitiveness (including strategy, empathy, differentiation, customer engagement, consistency, trust and more). The ranking is one of the world’s longest-standing brand value evaluations, widely recognized for its credibility.

• Consolidated Sales: Approximately 86 trillion Korean won
• Consolidated Operating Profit: Approximately 12.1 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 85 trillion to 87 trillion Korean won
• Operating Profit: 12.0 trillion to 12.2 trillion Korean won

※  2024 3Q and 2025 2Q consolidated figures based on K-IFRS are as follows

The IFA Innovation Awards are a new global program debuting at IFA 2025 to spotlight products that demonstrate outstanding innovation, design excellence and market impact. Organized by IFA Berlin, the awards mark a new chapter in the event’s century-long legacy as a leading global stage for consumer and home technology. Besides the award certifications, winners also gain licensing rights, media exposure and exclusive opportunities at future IFA events.

Highlighted IFA 2025 Best of Innovation Award Winners

Bespoke AI Laundry Combo Wins Best in Design Award for Sleek Usability

In the home appliance category, the premium all-in-one washer-dryer Bespoke AI Laundry Combo was recognized with a Best in Design award, highlighting the product’s excellence and advanced technology. The Bespoke AI Laundry Combo offers the convenience of washing and drying in a single cycle, while also boasting a sleek design and a 7-inch touchscreen that enhances usability. It also delivers exceptional energy efficiency, with the wash cycle being 20% more efficient than the A-grade standard,¹ as well as advanced heat pump drying technology that reduces drying time by up to 60%² and energy consumption by up to 75%.³

The Movingstyle Redefines Portable Display

The Movingstyle, a portable smart display that blends form and function, won two IFA Innovation Awards for Best in Home Entertainment and Best in Design. Transforming how people experience entertainment across their living spaces, The Movingstyle’s design is rooted in one simple, elegant idea: mobility should be effortless.

Inspired by the silhouette of a tote bag, the integrated handle is both a distinctive visual signature and a practical tool. With it, users can carry the 27” QHD touchscreen like a personal item, while the soft-wheeled floor stand glides smoothly between rooms. The Movingstyle also comes with a 2-in-1 One Action Stand that allows the screen to detach from the stand in a single motion, instantly becoming a self-supporting display without extra accessories.

The Premiere 5 Provides an Innovative Home Viewing Experience

As Samsung’s most compact triple-laser ultra-short-throw projector, The Premiere 5 also won two IFA Innovation Awards for Best in Home Entertainment and Best of Tech Innovation. At just a fraction of the size of conventional projectors, it projects screens up to 100 inches from just 43.3cm away — or 80 inches at 32.7cm and 60 inches at 22.2cm — enabling large-scale visuals even in small, aesthetic-conscious spaces.

Perhaps its most impressive feature is Touch Interaction, which is enabled by a built-in IR laser and camera that allows intuitive control of content, games, apps and workouts — creating interactive use cases across education, entertainment and home training.

The Freestyle+ Blends Smart Tech and Portability

The Freestyle+ is the world’s first portable smart projector to be embedded with both on-device and generative AI, which helped it to win the Best in Home Entertainment award. It is powered by Samsung’s proprietary AI Q Processor — the first AI chipset built into a smart projector — and features a built-in AI OptiScreen that includes seven built-in features that work together to straighten the image, maintain sharp focus, avoid obstacles, fit screen borders, adjust color for wall tone, enhance visibility in different lighting and dim the light when someone steps into the beam.

The Freestyle+’s built-in generative AI model allows users to create their own ambient visuals directly from the projector, and AI Q-Symphony detects the device’s position and automatically syncs audio with Samsung speakers or soundbars to deliver immersive surround sound.

Galaxy Tab S11 Ultra Allows Users To Create Content and Game Like Never Before

Galaxy Tab S11 Ultra won two IFA Innovation Awards for Best in Content Creation and Best in Computing & Gaming. These awards were won on Galaxy Tab S11 Ultra’s suite of tools for effortless productivity, creativity and immersive gaming experiences. As a product, Galaxy Tab S11 Ultra combines ultra-performance with a thin and light design to elevate creativity and power productivity on the go.

With the redesigned S Pen, powerful Samsung DeX and advanced Galaxy AI, it enables users to experience a new level of creativity, while its 14.6-inch 120Hz Dynamic AMOLED 2X display delivers a seamlessly immersive gaming experience.

Galaxy Z Fold7 Combines Design and Next-Level Functionality for an Ultra-Smartphone Experience

Galaxy Z Fold7 won the Best in Communications & Connectivity award by bringing together the best of Galaxy design, camera functionality and AI innovation in the thinnest and lightest Galaxy Z Fold series to date. It delivers premium performance and the experience of an ultra-smartphone with a larger, more immersive display when unfolded. Featuring One UI 8, Galaxy Z Fold7 has optimized Galaxy AI for larger screens, maximizing the benefits of the expansive foldable display to boost productivity.

Highlighted IFA 2025 Innovation Award Honorees

Bespoke AI Washer — precisely controls motor operations to reduce energy consumption to 65 percent lower than a Class A rating,⁴ the highest EU efficiency standard. This represents an improvement of 10 percentage points over last year’s A-55%⁵ Bespoke AI Washer, revealed at IFA 2024.

Bespoke AI Jet Ultra — featuring a suction power of 400W⁶ while reducing overall weight, it is the world’s most powerful stick vacuum cleaner. It also supports AI Cleaning 2.0, which automatically adjusts suction power to suit various cleaning environments. Additionally, the Bespoke AI Jet Ultra recognizes floor types such as wood, carpet and mats, as well as room structures like corners and walls.

Bespoke AI Dishwasher — equipped with AI Wash, which uses an improved high-resolution turbidity sensor and AI algorithm to thoroughly clean items by detecting and analyzing soil levels throughout the wash and rinse cycles adjusting water temperature and duration for maximum efficiency. Additionally, it features an Auto Open Door that enables users to open the door with a simple push on the upper area, eliminating the need for handles and allowing the product to blend seamlessly into kitchen furniture.

Bespoke AI Refrigerator with Hybrid Cooling — utilizes two power sources — the compressor and Peltier module — to offer efficient and precise cooling. It also comes with the upgraded AI Vision Inside, which can recognize up to 37 fresh food items and 50 processed foods.⁷ Lastly, the refrigerator includes a 9” smart screen that allows it to become a hub for connected appliances, show food items and recommended recipes and provide various forms of entertainment.⁸

Bespoke AI WindFree — creates a comfortable environment without cold drafts by dispersing air through micro holes. AI Fast & Comfort Cooling analyzes user habits and indoor/outdoor climate data to seamlessly switch between Fast Cooling mode and WindFree mode, providing energy-efficient comfort. It also combines comfort and energy savings through its Comfort Drying feature, which precisely controls humidity and temperature. When connected with wearable smart devices like watches and rings that detect when the user is asleep, it automatically turns on WindFree cooling and adjusts the temperature to better allow for deep sleep.⁹

Micro RGB — the world’s first display to feature micro-sized RGB LED backlighting in a 115-inch screen. Unlike conventional LED TVs that rely on white or blue backlights, Micro RGB is engineered with individually controlled red, green and blue LEDs to deliver true, full-color local dimming. It also achieves 100% of the BT.2020 color gamut and has earned VDE certification for its Micro RGB precision color.

Odyssey 3D — immerses users in a diverse array of 3D experiences from games to videos with stunning 3D effects¹⁰ — all without the need for dedicated glasses — thanks to advanced eye-tracking technology and a proprietary lenticular lens.

Spatial Display — creates realistic depth and dimension to 2D visuals and 3D effects, without the need for 3D glasses. Slim and lightweight, this innovative signage brings brands to life and is suitable for any space and setting, including retail, events and luxury experiences.

Galaxy S25 FE — a gateway to the latest Galaxy AI experiences with multimodal capabilities that makes everyday interactions feel more natural and intuitive. Galaxy S25 FE is equipped with One UI 8 and also brings the AI-powered ProVisual Engine with advanced tools like Generative Edit, as well as an upgraded 12MP front-facing camera that delivers an enhanced photo experience.

Galaxy Z Flip7 — comes with an edge-to-edge FlexWindow that allows users to express themselves, access key features at a glance and stay connected without opening the device. Now Bar and Now Brief deliver helpful, personalized information on the FlexWindow, and FlexCam makes it easier than ever to capture the perfect selfie.

Buds3 FE — brings a larger speaker that delivers rich, powerful sound with deep bass and clear treble. Enhanced ANC reduces ambient noise, creating a more immersive listening experience, and Crystal Clear Call technology uses an advanced pre-trained machine learning model to isolate the user’s voice.

¹ Based on internal testing of energy efficiency of household washing machines according to Regulation (EU) 2019/2016. 18kg washer model comes with 20 percent more energy efficiency (38.9 EEI) than the conventional A-rated energy efficiency class (52 EEI).
² Based on internal testing of the cycle time when drying an IEC 3kg load with Cotton cycle. Results: Bespoke AI Laundry Combo model with a heat pump= 78 minutes vs. combo model with a condenser = 202 minutes, which is a reduction of 60%. Individual results may vary based on actual load contents.
³ Based on internal testing and verified by KATRI (Korea Apparel Testing Research Institute) of the cycle energy consumption when drying an IEC 3kg load with Cotton cycle.
Results: BESPOKE AI Laundry Combo model with a heat pump (WD21B6400KV) = 0.8kWh vs.  WD21B6400KV/** combo model with a condenser = 3.6kWh, which is a reduction of 75%. Individual results may vary based on actual load contents.
⁴ Based on Samsung internal testing. 9kg model energy consumption is EEI 18.2, which is 65% more energy efficient compared to the minimum threshold of energy efficiency class A (EEI 52 for 9kg models). Energy ratings tested with Eco 40-60 program, 65% savings tested with the Eco 40-60 program.
⁵ Based on Samsung internal testing. Applicable WF90F series models are 55% more efficient than A energy efficiency class limit requirement under Regulation (EU) No 2019/2014.
⁶ Based on testing by SLG Prüf- und Zertifizierungs GmbH, in accordance with the IEC 62885-4 Cl.5.8 standard. Measured at the inlet of the handheld part of the stick vacuum cleaner (with no brush) in Jet mode when the dustbin is empty, and a large capacity battery that is fully charged (VCA-SBTC97, 3970mAh). Lasts up to 1 min. Recognized as the most powerful in the world as of the release date of the press release.
⁷ As of April 2025, AI Vision Inside can recognize 37 food items, such as fresh fruits and vegetables. If the food is not recognizable, it may be listed as an unknown item. AI Vision Inside cannot identify or list any food items in the refrigerator door bins or freezer. It recognizes food items based on deep learning models, which may be updated periodically to improve accuracy. AI Vision Inside also recognizes packaged food items that have been saved by the user, and up to 50 items can be saved with designated names. Packaged items are limited to those that keep a certain packaged form.
⁸ A Wi-Fi connection and Samsung account are required.
⁹ A Wi-Fi connection and Samsung account are required.
¹⁰ 3D effects may vary depending on content and PC capabilities. AI 3D video conversion is not available for DRM content or when HDR mode is enabled.

The Company posted KRW 74.6 trillion in consolidated revenue, a decrease of 5.8% compared to the previous quarter. Operating profit decreased to KRW 4.7 trillion.

The Device Solutions (DS) Division reported an increase in revenue on the back of expanded sales of high density, high-performance memory products, but inventory value adjustments in memory and one-off costs related to the impacts of export restrictions related to China in non-memory had an adverse effect on profit. In the Device eXperience (DX) Division, operating profit declined quarter-on-quarter due to a sequential decline in sales volume following the launch of new smartphone models in the first quarter.

Looking ahead to H2, the DS Division plans to proactively meet the growing demand for high-value-added and AI-driven products and continue to strengthen competitiveness in advanced semiconductors. The DX Division will seek to minimize the impact of uncertainties stemming from tariff policies that are likely to persist.

Semiconductors Expected To Proactively Meet Continued AI Demand

The DS Division posted KRW 27.9 trillion in consolidated revenue and KRW 0.4 trillion in operating profit for the second quarter.

In Q2 2025, the Memory Business proactively addressed robust server demand by expanding HBM3E sales and by expanding the proportion of high-density DDR5 products. Also, with the resumption of datacenter projects that were previously delayed, sales of server SSDs increased, helping NAND inventory to decrease significantly. However, earnings were impacted by one-off costs such as inventory value adjustments.

In H2 2025, AI demand is expected to remain robust due to continued investments by major cloud service providers, and therefore server demand for both DRAM and NAND is expected to stay strong.

To align with solid AI-server demand for DRAM, the Memory Business will proactively address the need for high-density products and diversify product offerings through HBM, server LPDDR5x, high-density DDR5, 24Gb GDDR7 and other products. For NAND, the Memory Business plans to increase sales of high-density and high-performance SSDs while accelerating the transition to 8^th Generation V-NAND across all applications.

The System LSI Business generated solid revenue from shipments of flagship systems-on-a-chip (SoCs) using the Gate-All-Around (GAA) process, but earnings improvement was limited due to higher costs of developing advanced products.

In H2 2025, the System LSI Business will focus on improving Exynos competitiveness to ensure its adoption in 2026 flagship mobile lineups of a major customer and expanding the sales of ultra-high-resolution and nano-prism sensors.

Despite significant growth in revenue from the first quarter, earnings for the Foundry Business remained weak due to the impact of inventory value adjustments that stemmed from US export restrictions on advanced AI chips to China, as well as a continued low utilization rates at mature nodes.

In H2 2025, the Foundry Business will ramp up mass production of a new mobile SoC with the 2nm GAA process. It also aims to improve factory utilization and profitability through expanded sales to major customers.

SDC To Further Accelerate Leadership By Differentiating and Enhancing Display Technologies

Samsung Display Corporation (SDC) posted KRW 6.4 trillion in consolidated revenue and KRW 0.5 trillion in operating profit for the second quarter.

For the mobile display business, SDC saw a revenue increase based on the response to new smartphones of major customers as well as the expansion of sales in the IT and automotive segments. The large display business experienced continued growth in sales of QD-OLED monitor displays, driven by robust demand in the gaming market.

In H2 2025, the mobile display business expects sales growth from major customers’ new smartphone launches amid ongoing market uncertainties. It also aims to strengthen market leadership with differentiated technologies and the continued expansion of sales beyond smartphone displays. The large display business will seek to maintain a stable supply of TV panels while continuing to accelerate the penetration of QD-OLED monitors by enhancing the product lineup.

MX Grows Revenue and Operating Profit YoY, Will Focus on Flagship Sales and AI Capabilities

The Mobile eXperience (MX) and Networks businesses posted KRW 29.2 trillion in consolidated revenue and KRW 3.1 trillion in operating profit for the second quarter.

In Q2 2025, the MX Business experienced a decrease in smartphone shipments compared to Q1, when new models were released, but both revenue and operating profit grew YoY through robust sales of the Galaxy S25 series, Galaxy A series and Galaxy tablets. The Business also maintained solid double-digit profitability via efficient resource management.

In H2 2025, the MX Business plans to continue a flagship-first approach for smartphone sales focusing on foldables and the Galaxy S25 series — while emphasizing the AI functionality of the Galaxy A series — to increase market share. It will also reinforce the AI capabilities of tablets and wearables and expand the Galaxy ecosystem with the launch of products with new form-factors, including extended reality (XR) and TriFold devices, and contribute to maintaining solid profitability despite market uncertainties and rising bill of materials (BOM) costs.

The Networks Business improved profitability in Q2 2025 by expanding revenue in overseas markets and enhancing cost efficiencies, and in H2 2025, it will focus on achieving revenue targets and regaining competitiveness by securing new orders with optimized costs.

Visual Display Enhances Sales Mix, Targets the Capture of Peak-Season Demand in H2

The Visual Display and Digital Appliances businesses posted KRW 14.1 trillion in consolidated revenue and KRW 0.2 trillion in operating profit in the second quarter.

In Q2 2025, the Visual Display Business improved the sales of premium products, such as Neo QLED and OLED TVs, but earnings declined due to stagnant demand and intensified competition.

In H2 2025, the Business plans to reinforce revenue growth by capturing peak-season demand, based on a strengthened lineup of high-value-added TVs offering superior viewing experiences with enhanced AI features. In addition, the Business will drive solid profitability and growth through its differentiated experiences and services including SmartThings, Samsung Knox, Samsung Art Store and Samsung TV Plus.

Samsung Electronics today announced that it has signed an agreement to acquire Xealth, a unique healthcare integration platform that brings diverse digital health tools and care programs that benefit patients and providers. Together with Samsung’s innovative leadership in wearable technology, the acquisition will help advance Samsung’s transformation into a connected care platform that bridges wellness and medical care bringing a seamless and holistic approach to preventative care to as many people as possible.

This acquisition will further Samsung’s push to unify fragmented health information and to empower individuals to take control of their own health. Often, customer health data measured on wellness tools, which keep track of one’s wellness journey every day, and clinical records at hospitals are managed separately, leading to missed insights and delayed care. The synergy between Samsung’s advanced wearable technology and Xealth’s digital health platform can create a link between home health monitoring and clinical decision-making through enhancements to Xealth’s platform, with the provider-patient relationship at the center of that effort.

Samsung is committed to making digital health tools accessible for all through relentless innovation in technology and a boundless device ecosystem, and has been heavily investing in sensor technologies on wearables – essential tools to follow one’s wellbeing throughout both day and night. With Samsung’s diverse product portfolio especially around home, Samsung helps connect these various devices to bring better context and personalization around healthcare. The acquisition of Xealth will reinforce this commitment by becoming the cornerstone to advancing Samsung’s care at home vision of connecting and bridging wellness and medical care.

Xealth, spun out of Providence health system, combines multiple digital health solutions into a single user interface and platform, giving healthcare providers a more complete picture of their patients, and enabling real-time monitoring, continuous engagement and smarter decision making. Xealth acts as an orchestration layer that gives health systems control over how they manage, filter, and use data. The company currently has a network of more than 500 U.S. hospitals, including Advocate Health and Banner Health, and more than 70 digital health solution partners, which will gain access to Samsung’s platform and enhance the connected care platform.

“Samsung aims to improve the health of everyone through our extensive platform combining Samsung’s innovative technologies and open collaboration with industry leaders,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “We believe the acquisition of Xealth, with its accumulated expertise and extensive healthcare network, will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through a truly connected care.”

“We are excited to join forces with Samsung,” added Mike McSherry, CEO, Xealth. “Xealth and Samsung share a common goal to advance the digital health space for truly connected care. Customer health data from wearables can fill in context that is missing to hospitals and bring more data analysis possibilities that were not available just with clinical records. Together with Samsung and our network of healthcare leaders, we will design a bridge between home health monitoring and clinical decision-making, with provider workflow considerations and patient engagement at the core of that effort.”

With Samsung’s capabilities and Xealth’s expertise, more hospitals and solution providers will be part of Samsung’s health ecosystem, which will provide a seamless experience across wellness and medical care and bring hyper-personalized, preventative care to people.

The acquisition is subject to the satisfaction of customary closing conditions, including receipt of any required regulatory approvals, and is expected to close within 2025.

About Xealth
Xealth is a digital health company that enables health systems to efficiently deploy, integrate, and manage digital health tools for improved patient care. The platform allows providers to prescribe and monitor digital health content, apps, and services as easily as they would medications. Xealth spun out of the Providence health system in 2017, and investors include Advocate Health, Banner Health, Cleveland Clinic, MemorialCare Innovation Fund, Cerner, McKesson Ventures, Novartis, Philips, and ResMed as well as Providence Ventures and the Froedtert and Medical College of Wisconsin Health Network.

• Consolidated Sales: Approximately 74 trillion Korean won
• Consolidated Operating Profit: Approximately 4.6 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 73 trillion to 75 trillion Korean won
• Operating Profit: 4.5 trillion to 4.7 trillion Korean won

※ 2025 1Q and 2024 2Q consolidated figures based on K-IFRS are as follows

Samsung Electronics today announced that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions provider, for €1.5 billion from European investment firm Triton. With the global applied HVAC market experiencing rapid growth, the acquisition reinforces Samsung’s commitment to expanding and strengthening its HVAC business.

“Through the acquisition of FläktGroup, an applied HVAC specialist, Samsung Electronics has laid the foundation to become a leader in the global HVAC business, offering a full range of solutions to our customers,” said TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine.”

FläktGroup, based in Herne, Germany, has over a century of accumulated technological expertise and design capabilities, offering diverse products and solutions tailored to each customer. FläktGroup supplies high-reliability and high-efficiency HVAC systems to a wide range of buildings and facilities, including data centers that require stable cooling, museums and libraries managing sensitive historical artifacts, airports and terminals with high foot traffic, and large hospitals where hygiene, temperature and humidity control are critically important.

In the large-scale data center market globally, FläktGroup has secured high customer satisfaction through its product performance, reliability and service support, achieving substantial revenue growth over the past three years. FläktGroup’s data center solutions include its industry-leading liquid cooling and air cooling products, which have enabled customers to reduce energy consumption, contributing to achieving lower carbon footprint goals.

Last year, FläktGroup won the DCS Cooling Innovation of the Year Award at the DCS Cooling Awards, in recognition of its innovative and advanced technologies.

“We are extremely pleased that FläktGroup has become a part of Samsung Electronics. FläktGroup, as a global top-tier HVAC specialist with over a century of expertise, has been relied on by global large clients for its technological and product innovations,” said Trevor Young, CEO of FläktGroup. “Now, with Samsung Electronics’ global business foundation and investment, we expect to further accelerate our growth.”

In addition to data centers, FläktGroup has secured a diverse portfolio of over 60 large customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories.

Samsung Investing in HVAC Business as Key Growth Engine

The HVAC industry is expected to continue growing with demand for innovative and energy-efficient solutions that improve air quality and control temperature and humidity to provide comfort and safety. Samsung will continue to invest in the HVAC business and has recently made acquisitions and investments across robotics, medical technology and the consumer audio sectors as part of its commitment to expand into new growth businesses.

According to some market research forecasts, the applied HVAC market is projected to grow from $61 billion in 2024 to $99 billion by 2030, at an annual growth rate of 8%, while the data center cooling market is expected to grow at a faster pace at an annual growth rate of 18%. The data center segment in particular has high entry barriers, requiring global supply experience and the ability to present optimal designs and solutions for customers.

In its acquisition of FläktGroup, Samsung anticipates sustained growth in data center demand due to the proliferation of generative AI, robotics, autonomous driving, XR and other technologies.

In addition, Samsung’s building integration control solution (b.IoT) and FläktGroup’s HVAC control solution (FläktEdge) will offer a full suite of HVAC and building energy control systems, through which the company expects an expansion of its service and maintenance business.

Samsung has been expanding its HVAC business with a focus on ductless systems, which supply general and system air conditioners to residential and commercial buildings. In May 2024, Samsung formed a joint venture with Lennox International Inc. to strengthen its position in the North America HVAC market and added Lennox’s distribution channels to the company’s own sales channels.

The transaction is expected to close within 2025.

Samsung Electronics today announced that Galaxy S25 has been honored with the 2025 Design for Recycling® Award, the highest recognition for leadership in sustainable product design presented by the Recycled Materials Association (ReMA), a leading industry organization dedicated to promoting recycling and circular innovation.

This award recognizes Samsung’s innovative efforts to scale its use of recycled materials and do more with less of the planet’s natural resources. Galaxy S25 is the first Galaxy device to incorporate recycled cobalt — a critical material used in batteries — sourced through Samsung’s new Circular Battery Supply Chain.¹ This system recovers cobalt from previously used Galaxy devices and batteries discarded during the manufacturing process,² helping to reuse valuable materials and reduce the need for newly-mined cobalt.

“Samsung is committed to embedding sustainability throughout our products’ life cycle from design, to usage and disposal,” said Daniel Araujo, VP and Head of the Sustainability Management Office, Mobile eXperience (MX) Business at Samsung Electronics. “Galaxy S25 represents an important milestone in our journey to enhance circularity in our products and operations, combining cutting-edge innovation with responsibility for the planet. We will continue expanding our efforts to create a more sustainable future for future generations.”

“Samsung has demonstrated true leadership by incorporating design for recycling principles into every phase of Galaxy S25,” said Robin Wiener, President of the Recycled Materials Association (ReMA). “Their use of various recycled materials shows a clear commitment to designing the products we rely on every day with innovation and environmental responsibility.”

Building on its progress in battery recycling, the Galaxy S25 features eight different recycled materials³ across its components, including aluminum, rare earth elements like neodymium and steel. For the first time, recycled material has been integrated into armor aluminum frame,⁴ ensuring that every external component of Galaxy S25 contains at least one recycled material. The Galaxy S25 series packaging box is also made with 100% recycled paper, eliminating single-use plastics.

Samsung also supports consumer repairability with its Self-Repair program,⁵ empowering users to extend product life and reduce e-waste.

These initiatives support Samsung’s broader environmental goals, including working toward transitioning to 100 percent renewable energy across global DX operations by 2027 and incorporating at least one recycled material in every module of every mobile product⁶ by 2030 investing in innovative eco-conscious materials without compromising strength, aesthetics or durability.

The award ceremony will be held on May 14 at the ReMA Convention in San Diego, California.

¹ Uses a minimum of 50% recycled cobalt for batteries — a minimum of 25% of the Galaxy S25 battery is cobalt by weight, 50% of which is recycled cobalt.
² Inclusion may differ by markets.
³ The percentage of each recycled material differs per component. Please visit Samsung Sustainability Website for more information.
⁴ The Metal Frame (Case Front) of S25 contains a minimum of 20% recycled aluminum by weight.
⁵ Samsung’s Self-Repair program is available in select markets. Self-Repair program details including model availability, components, kit cost may differ by region. For more details, please visit Samsung.com Self-Repair website.
⁶ Based on our announcement during Samsung Galaxy Unpacked January 2024. Samsung defines a module of a smartphone as the Antenna, Battery, Camera, Display, Mechanical Components, Motor, PBA/FPCB, Speaker, Wireless Charger Module and Packaging.

The Company posted KRW 79.14 trillion in consolidated revenue, an all-time quarterly high, on the back of strong sales of flagship Galaxy S25 smartphones and high-value-added products. Operating profit increased to KRW 6.7 trillion despite headwinds for the DS Division, which experienced a decrease in quarterly revenue.

The Company has allocated its highest-ever annual R&D expenditure for 2024, and in the first quarter of this year, it has also increased its R&D expenditure by 16% compared to the same period last year, amounting to 9 trillion won.

Despite the growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth, making it difficult to predict future performance, the Company will continue to make various efforts to secure growth. Additionally, assuming that the uncertainties are diminished, it expects its performance to improve in the second half of the year.

Semiconductors Projected To Continue Growth by Meeting Evolving AI Needs

The DS Division posted KRW 25.1 trillion in consolidated revenue and KRW 1.1 trillion in operating profit for the first quarter.

For the Memory Business, revenue was driven by expanded server DRAM sales and the addressing of additional NAND demand amid a perceived bottoming out of the market price.

However, overall earnings were impacted by the erosion of average selling price (ASP), as well as a decrease in HBM sales due to export controls on AI chips and deferred demand in anticipation of upcoming enhanced HBM3E products.

In Q2 2025, the Memory Business anticipates robust demand for AI servers and will therefore seek to strengthen our position in the high-value-added market via our server-centric portfolio, along with a ramp-up of the enhanced HBM3E 12H to meet initial demand. For NAND, the Memory Business seeks to enhance cost competitiveness by accelerating the transition to 8^th Generation V-NAND for all applications.

In H2 2025, AI-related demand is expected to remain high in conjunction with the launch of new GPUs. Therefore, the Memory Business will expand the sales of high-value-added products, including enhanced HBM3E 12H products and high density DDR5 modules of 128GB or higher.

In the mobile and PC markets, on-device AI is expected to proliferate, so the Memory Business will proactively respond to this shift in the business environment with its industry-leading 10.7Gbps LPDDR5x products.

Earnings at the System LSI Business improved modestly, due to an increased supply of high-resolution sensors and LSI products. This improvement came despite a sluggish smartphone market and the delayed adoption of the Company’s flagship system-on-a-chip (SoC).

In Q2 2025, the System LSI Business will maintain steady revenue by gaining SoC adoption by a major customer for new flagship models and capitalizing on the growing adoption of 200-megapixel sensors.

In H2 2025, the System LSI Business will expand its flagship SoC supply, proactively address demand for high-resolution main and telephoto camera sensors and expand its automotive sensor portfolio.

Earnings for the Foundry Business were muted due to sluggish seasonal mobile demand, inventory adjustments and stagnant fab utilization. However, the Business focused on the 2nm Gate-All-Around (GAA) process, improving yields and stabilizing the line while keeping the program on schedule, while also securing additional sub-5nm orders, specifically the 2nm and 4nm nodes for AI and HPC applications.

In Q2 2025, the Business will stabilize its 2nm process production and drive earnings improvement by actively addressing strong mobile and automotive demand in the United States. Looking ahead to H2 2025, the Foundry Business aims to start 2nm mass production and secure major 2nm orders and strengthen its specialty process portfolio on mature nodes.

SDC Aims To Navigate Challenges and Drive Growth With Differentiated Offerings

Samsung Display Corporation (SDC) posted KRW 5.9 trillion in consolidated revenue and KRW 0.5 trillion in operating profit for the first quarter.

For the mobile display business, SDC reported declining profits QoQ due to seasonality. The results of the large display business have improved via the launch of new QD-OLED monitor products for major clients.

In Q2 2025, the mobile display business maintains a conservative outlook on earnings while pursuing the stable supply of new products such as foldables. For the large display business, demand for gaming monitors is expected to grow due to the upcoming launches of new products.

In H2 2025, SDC aims to grow the mobile display business sales through differentiated technologies and products amid rising market uncertainties. For the large display business, SDC will strengthen its presence in both B2C and B2B monitor markets with diverse product lineups.

MX Achieves Revenue Growth, Continues To Expand AI Capabilities

The MX and Networks businesses posted KRW 37 trillion in consolidated revenue and KRW 4.3 trillion in operating profit for the first quarter.

The MX Business experienced QoQ growth in both revenue and operating profit thanks to the strong sales of its Galaxy S25 series, which features an advanced Galaxy AI experience. Enhanced cost competency and price declines for some components also contributed to solid double-digit profitability.

In Q2 2025, the MX Business plans to sustain flagship-centric sales amid weak seasonality by successfully launching the Galaxy S25 Edge. It will also expand its AI smartphone lineup through the introduction of “Awesome Intelligence” to the Galaxy A series.

In H2 2025, the MX Business will strengthen its foldable lineup by offering a differentiated AI user experience. In addition, the Business will launch new ecosystem products with enhanced AI and health capabilities, and explore new product segments such as XR.

Visual Display Posts Solid Performance, Strengthens Advanced AI Features

The Visual Display and Digital Appliances businesses posted KRW 14.5 trillion in consolidated revenue and KRW 0.3 trillion in operating profit in the first quarter.

The Visual Display Business recorded solid sales of strategic products such as Neo QLEDs, OLEDs, and large models of 75 inches and over, while price increases and material cost reductions resulted in improved QoQ profitability.

In Q2 2025, the Business intends to expand TV sales with its 2025 AI TV lineup and the integration of advanced AI functions.

In H2 2025, the Business will focus on capturing peak season demand by strategic collaboration with distributors, based on an enhanced AI TV lineup.

• Consolidated Sales: Approximately 79 trillion Korean won
• Consolidated Operating Profit: Approximately 6.6 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 78 trillion to 80 trillion Korean won
• Operating Profit: 6.5 trillion to 6.7 trillion Korean won

※  2024 4Q and 2024 1Q consolidated figures based on K-IFRS are as follows

The company also named Won-joon Choi as the newly created Chief Operating Officer (COO) of the MX Business.

• TM Roh named Acting Head of the Device eXperience Division, in addition to his current role as Head of Mobile eXperience Business; previously President and Head of Mobile eXperience Business and Head of the Corporate Design Center
• Won-joon Choi named COO of Mobile eXperience Business, in addition to his current roles as Head of R&D Office and Head of Global Operation Team of Mobile eXperience Business; previously President and Head of R&D Office and Head of Global Operation Team of Mobile eXperience Business
• Cheolgi Kim named Head of Digital Appliances Business; previously Executive Vice President and Head of Strategic Marketing Office of Mobile eXperience Business

Mr. Porcini was born in Italy and holds a bachelor’s and master’s degree in Industrial Design from Politecnico di Milano in Milan, Italy. At PepsiCo, he was credited with outstanding leadership of the company’s design teams and was recognized as a leader in design innovation, contributing to product designs as well as the entire company’s design process and maximizing the brand experience.

With the addition of Mr. Porcini, Samsung Electronics plans to further strengthen its design capabilities across all business areas, including mobile, TV and home appliances.

Global Participation by Samsung Electronics Employees in Water Conservation Efforts

Each year, Samsung Electronics collaborates with employees and local communities on a variety of initiatives, including stream clean-ups near its facilities and water-saving campaigns across its operations. This year, the company aligned these activities with its environmental strategies, including water replenishment projects. These efforts included upgrading reservoirs and pumping facilities in drought-affected regions near its worksites, as well as supporting clean drinking water initiatives for neighboring villages.

▲ Employees at Samsung Electronics Vietnam participated in a cleanup at Cau River

To raise awareness about the importance of clean water, Samsung Electronics employees around the world participated in a variety of initiatives. Here are some highlights of their efforts, captured in photos.

① River Cleanup Activities With Employees, Local Governments, NGOs and Community Members

* Regions of participation: Korea, Vietnam, U.S, Mexico, Brazil, Hungary, Indonesia, South Africa

▲ Employees at Samsung Electronics Home Appliances America took part in cleanup activities along nearby rivers and streams.

▲ At the Cheonan and Onyang worksites in Korea, employees visited streams such as Jangjaecheon, Cheonancheon and Gokgyocheon as part of the One Company, One Stream initiative, contributing to local ecological preservation efforts. In addition, the Hwaseong worksite in Korea is planning stream cleanup activities along Woncheonricheon stream in collaboration with local civic groups and residents, in celebration of World Water Day.

② Returning Clean Water – Water Replenishment Projects

* Regions of participation: Samsung Electronics is currently implementing water replenishment projects in Korea, Vietnam, India, Mexico, the United States and Indonesia. The company also plans to launch water replenishment projects in Malaysia, Brazil, China, Thailand, Hungary, Türkiye, Slovakia, Poland and Egypt, starting this year.

▲ Samsung Electronics Malaysia held an opening ceremony to launch its water replenishment project.

③ ‘Join Us in Saving Water!’ – Water Conservation Campaign

* Regions of participation: Korea, Vietnam, Mexico, Thailand

▲ Samsung Electronics Thailand aired a water-saving campaign video in the company cafeteria.

④ Protecting Aquatic Ecosystems Near Worksites

* Regions of participation: Korea and Vietnam

▲ As part of efforts to protect aquatic ecosystems, employees at Samsung Electronics Vietnam monitored water quality in nearby streams and carried out environmental awareness surveys in collaboration with local government offices, residents and NGOs.

Partnering With Stakeholders To Drive Water Conservation and Reduce Usage

Samsung Electronics recognizes water as a vital resource for a sustainable future and is committed to reducing water intake and promoting water reuse across its operations.

The DX Division has set a goal of achieving 100% water replenishment by 2030, returning to local communities an amount of water equivalent to what is used in its production processes, thereby helping to prevent the depletion of water resources. To achieve this, Samsung is actively implementing water replenishment projects across multiple regions worldwide.

In 2023, Samsung Electronics partnered with the Korea Rural Community Corporation (KRC) to support the construction of water redistribution facilities, enabling the reuse of agricultural water by channeling it from downstream to upstream areas in farmland regions. In collaboration with the Korea Ecological & Environmental Institute (KEEI), Samsung also carried out reservoir dredging in the Haman region in Korea to expand aquatic ecosystems and secure agricultural water supplies, contributing to water reuse and mitigating the risks of drought and water scarcity.

* Regions where agricultural water reuse facilities have been established (Five locations in Korea): Wando, Shinan, Pyeongtaek, Andong, Changnyeong

▲ Samsung Electronics, in collaboration with the KRC Andong held a completion ceremony in July 2024 to mark the construction of an agricultural water redistribution facility in Andong, Korea. In April 2024, Samsung Electronics Vietnam signed an agreement with the local People’s Committee to support water replenishment projects.

Building on these efforts, Samsung implemented 23 water replenishment projects across six countries in 2024, returning a total of 1.35 million tonnes of water annually to local communities and achieving 100% water replenishment by Korean facilities’ water usage standards. The company is committed to expanding this achievement globally by 2030, helping to mitigate local water risks and advance water resource conservation across all its international operations.

Meanwhile, the DS Division is promoting various initiatives to protect water resources through partnerships with public, private and governmental organizations.

In March 2024, Samsung signed a public-private-governmental memorandum of understanding (MOU) with the Ministry of Environment, K-water and other stakeholders to advance water-related initiatives. This collaboration was further strengthened in November 2024 through an additional MOU for the Jangheung Dam Artificial Wetland Creation Project, jointly developed with the Ministry of Environment and K-water. This marks the first project in Korea jointly led by public, private and governmental partners. The project aims to enhance riparian ecological belts and artificial wetlands through forest restoration, planting and waterway rehabilitation. In addition, it will create cultural and recreational spaces, including an ecological art museum and walking trails, contributing to the well-being of local communities.

The DS Division has also set a target to keep water intake to 2021 levels by 2030. To that end, Samsung signed another MOU in December 2024 with the Ministry of Environment, Gyeonggi Province, the cities of Hwaseong and Osan, K-water and the Korea Environment Corporation for the Gyeonggido Region Semiconductor Site Reclaimed Water Project (Phase 1). This project will recycle treated wastewater from Hwaseong and Osan to supply 120,000 tonnes of reclaimed water per day to Samsung’s Giheung and Hwaseong semiconductor facilities. The project will proceed with feasibility studies for private investment, basic and detailed phases, and then installation and operation of reuse facilities, with water supply to the DS Division’s Giheung and Hwaseong worksites scheduled to begin in 2029.

Expanding Platinum Certifications From the Alliance for Water Stewardship (AWS)

In March 2023, Samsung Electronics’ Hwaseong worksite became the first facility in Korea to achieve the Platinum certification, the highest level from the Alliance for Water Stewardship (AWS).* Since then, Samsung has continued to expand the number of AWS-certified worksites across its global operations. AWS is a global water stewardship initiative jointly established by international organizations to assess companies’ comprehensive water management systems.

* The Alliance for Water Stewardship (AWS) is a global water management initiative jointly established by organizations such as the UN Global Compact (UNGC) and Carbon Disclosure Project (CDP). AWS evaluates a company’s water stewardship performance across 100 criteria, including ▲ sustainable water management, ▲ pollution control, ▲ water sanitation, ▲impact on aquatic ecosystems within the watershed, and ▲ governance. Based on these assessments, certifications are awarded at three levels, including ‘Platinum,’ ‘Gold,’ and ‘Core.’

The DS Division has achieved Platinum certification for its Giheung/Hwaseong and Pyeongtaek worksites in Korea, followed by its Xi’an worksite in China and most recently its Cheonan/Onyang worksites in Korea in November 2024. The DX Division has also expanded its certifications, securing Platinum certifications for its Suwon, Gumi and Gwangju worksites in 2023, as well as for its Vietnam worksites in 2024. Samsung Electronics also plans to extend AWS certifications to its India operations by 2025.

Water is a vital resource, and ensuring the availability of clean and safe water for future generations is a critical responsibility. Samsung Electronics is fully committed to this mission and will continue to promote water stewardship and the importance of sustainable water management among its employees. The company will also actively collaborate with stakeholders to advance water-related initiatives and take a leading role in the conservation of global water resources.

Samsung Electronics today announced that it has been honored as the 2025 Advertiser of the Year by Spikes Asia, the oldest and most prestigious award for creativity and marketing effectiveness in the APAC region.

This recognition highlights Samsung’s continued dedication to solving challenges for consumers with innovative and impactful technology solutions, which is brought to life through pioneering campaigns and forward-thinking initiatives that connect with audiences in meaningful ways. The win marks Samsung Electronics’ second time receiving Advertiser of the Year at Spikes Asia, with the first awarded in 2017.

“We are extremely honored to receive this prestigious award. As a company with deeply rooted beliefs in openness, we strive to reflect this ethos in everything we do. This recognition is especially meaningful as we continue to expand our openness storytelling through innovative technologies and marketing experiences that make a positive impact on both people and the industry as a whole,” said Stephanie Choi, EVP & Head of Marketing, Mobile eXperience Business, Samsung Electronics. “By blending technology and storytelling to create deeper connections with consumers, we have worked alongside our amazing agency partners to bring our brand values to life in exciting ways – engaging, inspiring and redefining what’s possible in advertising. We’re thrilled our efforts have been recognized and remain committed to delivering even more impactful experiences to our audiences.”

Consistently delivering groundbreaking creative campaigns over the years, Samsung remains one of the most awarded companies at Spikes Asia. Taking home four awards across multiple categories in 2024 at Spikes Asia, the “Try Galaxy Fold” campaign revolutionized the way consumers engage with foldable technology. By allowing users to sync two phones side by side, the campaign provided curious consumers with a hands-on experience of the Galaxy Z Fold’s expansive display and intuitive interface optimized for seamless multitasking. Taking home a Gold Spike and Silver Spike in Brand Experience & Activation, a Digital Craft Silver Spike and a Direct Bronze Spike, this innovative campaign reinforced the brand values of Galaxy and truly resonated with consumers to create stronger consideration of foldable smartphones moving forward.

Samsung’s “Flipvertising” campaign – which garnered the Grand Prix in both the Creative Data and Direct categories in 2023 – emphasized the brand’s ongoing commitment to excellence in creative advertising. The campaign took a unique approach to reach audiences by enabling them to take ownership of their own search experience. By flipping traditional advertising concepts on their head, Samsung empowered its Gen Z audience to discover an organic, rewarding journey with the Galaxy Z Flip4, demonstrating Samsung’s expertise in delivering captivating yet authentic campaigns.

“Samsung’s groundbreaking work in blending technology with creativity continues to push the boundaries of what’s possible in marketing. Its ability to connect with audiences in such a meaningful way reflects the future of the industry, and we are proud to recognise it as the 2025 Advertiser of the Year,” said Simon Cook, CEO, LIONS and Spikes Asia. “Its achievements inspire marketers globally, and this award acknowledges the incredible impact its campaigns have made across APAC and beyond.”

The Advertiser of the Year Award will be presented to Stephanie Choi, EVP & Head of Marketing, Mobile Experience Business, Samsung Electronics at the 2025 Spikes Asia Awards ceremony which will take place at the Swissôtel The Stamford in Singapore on Thursday, April 24, 2025.

This marks the second year in a row that Samsung has topped the rankings. After placing fourth in 2017, the company consistently finished within the top 4 on YouGov’s yearly lists before ranking second in 2021 and first in 2022. Only two of this year’s top 10 global brands originate from Asia, including Samsung.

* YouGov did not publish a Global Top 10 list in its Best Global Brands rankings in 2023 and 2024.

The YouGov Best Global Brand 2025 rankings draw on more than 1 million consumer surveys across 28 markets to identify the best-performing global and national brands. Respondents are asked their opinions of thousands of brands, rating them on six key attributes: Impression, Quality, Value, Customer Satisfaction, Reputation and Recommendation.

“Brands have never been more important — and in today’s dynamic marketplace, where consumer sentiment can make or break a company’s success, understanding brand perception is imperative,” said YouGov CEO Steve Hatch.

Back in October 2024, Samsung was recognized by Interbrand as a “Global Top 5” brand for the fifth consecutive year on the global brand consultancy’s annual “Best Global Brands” rankings. Samsung’s brand value surpassed the $100 billion mark for the first time on last year’s list, and Interbrand mainly attributed this to the expansion of Samsung’s portfolio of products infused with AI technologies, substantial consumer benefits derived from increased device connectivity and the company’s ongoing commitment to a more sustainable future.

The Company posted KRW 75.8 trillion in consolidated revenue and KRW 6.5 trillion in operating profit in the quarter ended December 31, 2024. For the full year, it reported KRW 300.9 trillion in annual revenue and KRW 32.7 trillion in operating profit.

Although fourth quarter revenue and operating profit decreased on a quarter-on-quarter (QoQ) basis, annual revenue reached the second-highest on record, surpassed only in 2022. Meanwhile, operating profit was down KRW 2.7 trillion QoQ, due to soft market conditions especially for IT products, and an increase in expenditures including R&D.

In the first quarter of 2025, while overall earnings improvement may be limited due to weakness in the semiconductors business, the Company aims to pursue growth through increased sales of smartphones with differentiated AI experiences, as well as premium products in the Device eXperience (DX) Division.

For 2025 as a whole, the Company plans to enhance technological and product advantages in AI, continue to meet future demand for high-value-added products and drive sales growth in premium segments.

With market conditions expected to remain soft in 1H for the Device Solutions (DS) Division, the Company will focus on securing technology leadership for mid- to long-term growth. Samsung Display Corporation (SDC) will look to strengthen its leading position in high-end products by enhancing product competitiveness, and the DX Division will focus on extending its leadership in delivering AI experiences across a diverse product portfolio.

The Company’s capital expenditures in 2024 reached a total of KRW 53.6 trillion, including KRW 46.3 trillion spent in the DS Division and KRW 4.8 trillion in SDC. In the fourth quarter, the total was KRW 17.8 trillion, with KRW 16 trillion allocated to the DS Division and KRW 1 trillion to SDC.

Semiconductors To Optimize Portfolio Centered on Advanced Nodes

The DS Division posted KRW 30.1 trillion in consolidated revenue and KRW 2.9 trillion in operating profit in the fourth quarter of 2024.

The Memory Business achieved record-high fourth-quarter revenue, backed by a higher blended DRAM average selling price (ASP) due to the increased sales of high-bandwidth memory (HBM) and high-density DDR5 for servers. However, operating profit decreased slightly compared to the previous quarter as a result of increased R&D expenses to secure future technology leadership, as well as the initial ramp-up costs to secure production capacity for cutting-edge nodes.

In the first quarter of 2025, amid ongoing uncertainties in demand, the Memory Business will shift its business portfolio to more high-value-added products by accelerating the migration to cutting-edge nodes to respond to the demand for high-performance and high-density products.

For DRAM, the Memory Business seeks to increase the share of DDR5 and LPPDR5x shipments by accelerating the transition to the 1b nanometer (nm) process. As for NAND, the Business is executing the technology migration from V6 to V8 while increasing sales of V7 QLC-based server SSDs.

In 2025, overall memory market demand is expected to recover from the second quarter. The Memory Business is reducing the portion of legacy DRAM and NAND products to align with market demand and accelerating the migration to cutting-edge nodes. The Business will continue to strengthen its business competitiveness and optimize its portfolio by increasing the portion of high value-added products such as HBM, DDR5, LPDDR5x, GDDR7 and server SSDs based on advanced process nodes.

Earnings at the System LSI Business declined in the quarter due to weak mobile demand and higher R&D expenses to advance cutting-edge product development.

In the first quarter of 2025, earnings are expected to remain weak due to delayed entry into the flagship system-on-a-chip (SoC) market. However, demand for core products such as image sensors and DDI is expected to increase on the back of flagship smartphone launches.

In 2025, the System LSI Business will focus on further enhancing its flagship SoC through product optimization. For image sensors, the Business will proactively respond to high-resolution needs — such as for 200-megapixel (MP) telephoto and main cameras.

The overall profit for the Foundry Business decreased due to lower utilization rates and higher R&D expenses for advanced-node technology. Its 2nm GAA technology is under active development, with the design-kit (DK) already distributed to customers for product design, while the 4nm process is mass producing HPC products based on stable yields.

Looking ahead to the first quarter of 2025, earnings are expected to remain weak due to sluggish mobile demand and fixed-cost burden stemming from lower utilization rates. In this environment, the Foundry Business will concentrate on advancing leading-edge process development and enhancing process maturity to expand opportunities in AI and HPC applications and customer engagement for advanced nodes.

As for 2025, the Business will continue to secure orders from major customers by ramping up and stabilizing the 2nm GAA technology, while simultaneously bolstering the 4nm technology and design infrastructure to meet the growing mobile and HPC needs.

Display To Strengthen Product Competitiveness in 2025

SDC posted KRW 8.1 trillion in consolidated revenue and KRW 0.9 trillion in operating profit for the fourth quarter.

SDC reported declining profits QoQ due to sluggish smartphone demand and rising competition for the mobile display business, and achieved double-digit revenue growth QoQ for the large display business, with an increase in year-end TV sales.

In the first quarter of 2025, the earnings outlook for the mobile display business is conservative, as the overall smartphone market demand is expected to remain weak. For the large display business, TVs with enhanced image quality are scheduled to launch, as well as high-resolution monitors.

In 2025, SDC aims to sustain its leadership in the high-end segment by strengthening product competitiveness. For the large display business, SDC will increase sales of diversified high-performance TVs and monitors.

MX To Drive Flagship-Centric Sales, Reinforce Leadership in Mobile AI

The Mobile eXperience (MX) and Networks businesses posted KRW 25.8 trillion in consolidated revenue and KRW 2.1 trillion in operating profit for the fourth quarter.

The MX Business reported a QoQ decrease in sales and profit, in part due to the fading effects of new flagship model launches. However, on a full-year basis, flagship sales saw robust growth on the back of double-digit growth of the Galaxy S24 series featuring Galaxy AI, with tablets and wearables also increasing in both value and shipments.

In the first quarter of 2025, the MX Business plans to drive sales growth based on its flagship models, particularly the newly launched Galaxy S25 series, and will continue to lead the AI smartphone market through promotion of new AI experiences and product competitiveness.

In 2025, the MX Business will reinforce its mobile AI leadership by providing more personalized, differentiated AI experiences while also strengthening the foldable lineup to generate new customer demand. Additionally, the Business plans to expand sales by providing advanced AI features and rich Galaxy ecosystem experiences for premium tablets, notebooks, wearables and the upcoming XR device.

While prices of major components are expected to increase this year due to advancements in hardware specifications, the MX Business aims to improve profitability by continuing to build out Galaxy AI and expand sales centered on flagship products.

In the fourth quarter, the Networks Business reported significant improvements in revenue and operating profit in key markets. For 2025, performance is set to improve as the Business expects to win new orders and as major operators expand their network and increase adoption of virtualized and open radio access networks (vRAN/ORAN).

Vision AI Expected To Drive Growth for Visual Display

The Visual Display (VD) and Digital Appliances (DA) Businesses posted KRW 14.4 trillion in consolidated revenue and KRW 0.2 trillion in operating profit in the fourth quarter.

The VD Business saw revenue increase in the fourth quarter due to expanded sales and an improved sales mix through peak-season promotion, yet profitability decreased slightly as a result of increased cost from intensified competition amid largely stagnant TV demand.

In the first quarter of 2025, while overall TV demand is expected to decrease YoY due to growing domestic and global economic uncertainties, demand for high-value-added products is projected to remain solid. The Business will try to improve profitability and expand strategic product sales through new model launches based on the Vision AI strategy for Samsung’s AI screens.

In 2025, the overall TV market is expected to grow slightly in major emerging markets. The VD Business plans to lead the AI screen market under Samsung’s “Home AI” vision, integrating AI into all connected device experiences based on the SmartThings platform and expand the adoption of Samsung Knox security solutions.

• Consolidated Sales: Approximately 75 trillion Korean won
• Consolidated Operating Profit: Approximately 6.5 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 74 trillion to 76 trillion Korean won
• Operating Profit: 6.4 trillion to 6.6 trillion Korean won

※  2024 3Q and 2023 4Q consolidated figures based on K-IFRS are as follows

Through collaboration with Rainbow Robotics, Samsung will further strengthen its foundation in the development of advanced robot technology. Rainbow Robotics was founded in 2011 by researchers from the Korea Advanced Institute of Science & Technology’s (KAIST) Humanoid Robot Research Center who developed the first two-legged walking robot “Hubo” in Korea.

By combining Samsung Electronics’ AI and software technology with Rainbow Robotics’ robotics technology, the collaboration plans to accelerate the development of intelligent advanced humanoids.

Samsung will also form a synergy council with Rainbow Robotics to strengthen leadership in the advanced robot global business, with the council expected to serve as a bridge to foster the growth of both companies by developing future robot technologies and core business strategies and identifying and assessing market demand.

With the collaboration, Samsung plans to utilize Rainbow Robotics’ collaborative robots, dual-arm mobile manipulator and autonomous mobile robots for manufacturing and logistics automation tasks. These robots can greatly improve their work capabilities by learning and analyzing situational data and environmental variables that occur in the field through AI algorithms. Rainbow Robotics is expected to actively enter overseas markets by utilizing Samsung’s global sales infrastructure.

Establishment of Future Robotics Office

Samsung also established a Future Robotics Office reporting directly to the CEO. The office will focus on developing future robots including humanoid robots, aiming to secure competitiveness in new technologies for future robots that will advance current paradigms and transform them into a key growth engine.

Dr. Jun-Ho Oh, a founding member of Rainbow Robotics and honorary professor at KAIST, will serve as an advisor to Samsung and head of the Future Robotics Office after retiring from Rainbow Robotics. Dr. Oh will provide robotics technology and business expertise to Samsung’s future robot development from his deep experience in industry-academia collaboration.

Young Hyun Jun, Vice Chairman and Head of Device Solutions (DS) Division, was named CEO and will also become the Head of Memory Business and Samsung Advanced Institute of Technology. Jinman Han was promoted to President and will become the Head of Foundry Business, while Seok Woo Nam will become Chief Technology Officer of Foundry Business, a newly-created position.

JH Han, Vice Chairman, CEO and Head of Device eXperience (DX) Division, will also lead a newly-created committee that will focus on strengthening product quality across the company.

Jinman Han was previously Executive Vice President and President of Device Solutions America, leading the Company’s semiconductor business in the U.S. Previously, he worked in design teams for DRAM and Flash memory and has also led SSD development and strategic marketing.

Seok Woo Nam, previously President and Head of FAB Engineering & Operations, is an expert in semiconductor process development and manufacturing with extensive experience in memory process technology and foundry manufacturing technology.

Hansung Ko, CEO of Samsung Bioepis, has vast experience in developing new business areas such as biotechnology and is expected to lead efforts in finding new growth opportunities.

Other changes in today’s announcement include:

• Yong Kwan Kim, named President of Management Strategy at DS Division; previously Executive Vice President of Business Support TF

• Wonjin Lee, named President and Head of Global Marketing Office; previously executive advisor for Samsung Electronics

• President Hark Kyu Park will move to the Business Support TF; previously Chief Financial Officer

Samsung Electronics, a global leader in technology, today announced that its newest products and services have been recognized by the prestigious CES® 2025 Innovation Awards, including four “Best of Innovation” winners, from the Consumer Technology Association (CTA)®. These recognitions come two months ahead of CES® 2025 — the world’s largest and most influential technology event — and they highlight Samsung’s relentless commitment to pushing boundaries in consumer technology. With pioneering advancements in AI, sustainable design and inclusive user experiences, Samsung continues to set the standard for the entire industry.

The CES Innovation Awards program is an annual competition that honors outstanding design and engineering in consumer technology, recognizing top innovations across multiple categories and distinguishing the highest-rated in each field. For Samsung, these awards also underscore the company’s broader vision for AI-enabled connectivity, customization and convenience across its ecosystem of powerful smart devices — from smartphones and tablets, to home appliances, TVs, wearables, software, services and more — as well as semiconductor solutions which are unlocking limitless possibilities for the future.

In particular, the Samsung Visual Display Business earned 16 innovation awards with three Best of Innovation winners. This includes honors for several Samsung screens, such as the latest flagship OLED TV. Plus, Samsung received recognition for outstanding AI features designed to make your day simpler, more dynamic and more connected than ever before. The Digital Appliances (DA) Business was also recognized for its home-centered innovation, winning multiple awards for products that elevate the user experience by comprehensively boosting convenience.

Attendees of CES® 2025 in Las Vegas from Jan. 7-10 will be able to see Samsung’s full lineup of AI-powered smart products, which have been reimagined to shape a more sustainable and accessible world, bridging the best of tech and lifestyle.

Galaxy Buds3 Pro Takes Home Best of Innovation Award for Headphones & Personal Audio

The Galaxy Buds3 Pro was named the Best of Innovation winner in Headphones & Personal Audio for its premium sound, adaptive noise control and sleek appearance. As a whole, the Galaxy Buds3 series was designed to deliver premium audio experiences with a new computational approach while still ensuring a comfortable fit, and it incorporates Galaxy AI, allowing users to listen to lectures or speeches translated directly through their Galaxy Buds removing language and communication barriers — all without the need for a screen.

Highlighted CES 2025 Innovation Award Honorees

Galaxy AI for Imaging — Samsung is integrating AI across all its connected technologies, starting with Galaxy AI on mobile devices to deliver real and innovative benefits to users such as powerful mobile editing and creativity tools. For example, ProVisual Engine, a comprehensive suite of AI-powered tools, transforms the way users capture and edit content, allowing them to instantly and effortlessly refine a photo with automatic recommendations like Edit Suggestion or Generative Edit. These capabilities showcase Samsung’s focus on creating inclusive and meaningful experiences for people.

Galaxy Z Fold6 for Gaming & eSports — The Galaxy Z Fold6, the slimmest, lightest and most durable Galaxy Z series foldable ever, is optimized for portability while bringing powerful performance thanks to the most advanced Snapdragon mobile processor and an upgraded cooling system. It also offers a range of Galaxy AI-powered features and tools for communication, and creativity that maximize the benefits of the large screen and significantly enhance productivity.

Galaxy Tab S10 Series for Computer Hardware & Components — This is Samsung’s first tablet series to be purposefully built for AI. The premium hardware includes 14.6-inch and 12.4-inch Dynamic AMOLED 2X displays — the ideal canvas for the intuitive S Pen bundled with both models. Performance upgrades for the Galaxy Tab S10 Ultra include an 18% increase for the CPU, a 28% increase for the GPU and a 14% increase for the NPU compared to the Galaxy Tab S9 Ultra. This improved processing power enables faster and more responsive AI features. These features are now easily accessible with written prompts using the new Galaxy AI Key¹ on compatible Book Cover Keyboards,² which can be customized to open the user’s AI assistant of choice.

Galaxy Watch7 for Fashion Tech — The Galaxy Watch7 is designed to boost everyday wellness by offering personalized workouts and preventative health monitoring features. Additionally, Galaxy Watch7 allows users to express their style with an array of stylish watch bands and various watch face options.

10.7Gbps LPDDR5X DRAM for Mobile Devices, Accessories & Apps — Samsung has developed the industry’s first 12nm-class LPDDR5X DRAM supporting the industry’s fastest speed of up to 10.7 gigabits-per-second (Gbps). With its high performance and industry’s smallest chip size, the LPDDR5X is optimized for next-generation on-device AI applications.

Exynos W1000 for Fashion Tech — Designed for smartwatches and wearables, the Exynos W1000 processor runs demanding applications smoothly and delivers vivid 3D graphics with its dedicated GPU. It enhances user experience with faster app loading and an always-on display that uses minimal battery power.

All Lenses on Prism (ALoP) for Imaging — Samsung’s All Lenses on Prism (ALoP) is a next-generation telephoto camera solution that places lenses directly on the prism, enhancing brightness and reducing noise. This innovative design also reduces the camera bump, allowing for a sleeker, more aesthetic design.

* The CES Innovation Awards are based upon descriptive materials submitted to the judges. CTA did not verify the accuracy of any submission or of any claims made and did not test the item to which the award was given.

¹ AI key function available on Galaxy Tab S10 Series and Tab S9 Series models with One UI 7.0 or later (sold separately).
² Keyboard only compatible with Galaxy Tab S10 Series, Tab S9 Series, Tab S9 FE Series models with One UI 6.1.1. or later.

The Company posted KRW 79.1 trillion in consolidated revenue, an increase of 7% from the previous quarter, on the back of the launch effects of new smartphone models and increased sales of high-end memory products. Operating profit declined to KRW 9.18 trillion, largely due to one-off costs, including the provision of incentives in the Device Solutions (DS) Division.

The strength of the Korean won against the U.S. dollar resulted in a negative impact on company-wide operating profit of about KRW 0.5 trillion compared to the previous quarter.

In the fourth quarter, while memory demand for mobile and PC may encounter softness, growth in AI will keep demand at robust levels. Against this backdrop, the Company will concentrate on driving sales of High Bandwidth Memory (HBM) and high-density products. The Foundry Business aims to increase order volumes by enhancing advanced process technologies. Samsung Display Corporation (SDC) expects the demand of flagship products from major customers to continue, while maintaining a quite conservative outlook on its performance. The Device eXperience (DX) Division will continue to focus on premium products, but sales are expected to decline slightly compared to the previous quarter.

For 2025, the Company will remain focused on enhancing competitiveness in advanced technologies and strengthening leadership in premium products and AI capabilities amid ongoing macroeconomic uncertainties. The DS Division will address demand for differentiated products based on advanced technologies and high value-added products such as HBM and server SSDs. In addition, the Company plans to leverage the mass production on the 2 nanometer (nm) Gate-All-Around (GAA) process to win new clients. SDC will aim to maintain leadership in the high-end product category and broaden its product portfolio. The DX Division will continue to deliver exceptional customer experiences through enhanced AI features and product connectivity.

With over 500 million diverse products being delivered to consumers globally every year, the Company is tailoring its AI technology in each product to help lead the market. By leveraging the SmartThings platform with 360 million users and capabilities in product intelligence, spatial intelligence, and personalization, the Company plans to firmly establish itself in the home of the future, where AI will be widespread. In the AI era for the home, the Company will focus on the security of its products, convenience in device connectivity, intelligent technology to save energy and time, and the health and well-being of users and their families.

Memory Achieves Revenue Growth in Q3

The DS Division posted KRW 29.27 trillion in consolidated revenue and KRW 3.86 trillion in operating profit in the third quarter.

For the Memory Business, demand for AI and conventional servers was strong, as major datacenter and technology companies continued to invest. But mobile demand was relatively soft due to inventory adjustments by some customers, and the supply-demand situation was impacted somewhat by the increasing supply of legacy products in the China market.

The Company focused on actively responding to the demand for AI and server products while depleting aging inventories of legacy products to further improve the inventory level and mix. Therefore, compared to the previous quarter, the Company achieved significant revenue growth in HBM, DDR5 and Server SSD.

However, performance decreased due to a reduced reversal of inventory valuation loss compared to the previous quarter, one-off expenses such as the provision of incentives, and currency effects due to a weak dollar.

For the fourth quarter, the demand trends experienced in the previous quarter are expected to continue. The Company plans to accelerate the conversion of cutting-edge nodes in legacy lines and aims to strengthen its business fundamentals by completing the normalization of the inventory level and mix by the end of the year.

For DRAM, the Company plans to expand sales in line with the increase in HBM capacity, accelerate the transition to 1b nanometer¹ for server DDR5 and actively expand the sales portion of high-density modules based on 32Gb DDR5. For NAND, the Company will expand sales of 8th generation (V8) based PCIe Gen5 and plans to mass-produce the 64TB product for the quad-level cell (QLC) market, which has high growth potential.

Looking ahead to 2025, datacenter and enterprise investments are likely to remain strong in association with AI, and build demand for conventional servers, in addition to AI servers, is expected to be steadily strong.

For DRAM, the Company plans to expand the sales of HBM3E and the portion of high-end products such as DDR5 modules with 128GB density or higher for servers and LPDDR5X for mobile, PC, servers, and so on. For NAND, the Company will proactively respond to the high-density trend based on QLC products — including 64TB and 128TB SSDs — and solidify leadership in the PCIe Gen5 market by accelerating the tech migration from V6 to V8.

The System LSI Business posted modest sales growth, but earnings declined due to increased one-off costs. System-on-chip (SoC) shipments increased as flagship products were adopted for new models by a major customer. Sales of image sensors were affected by H1’s inventory accumulation, resulting in some adjustments, while display driver IC (DDI) sales expanded with new model launches by key customers.

In the fourth quarter, supply of the Exynos 2400 will continue to expand with higher customer adoption, but weak demand for image sensors is expected to continue. For DDIs, the System LSI Business is focusing on growth areas, such as the expansion of IT-oriented OLED products.

Looking ahead to 2025, the momentum of on-device AI is expected to remain strong, and the Company will focus on capturing opportunities in areas such as SoCs and cameras. The System LSI Business plans to concentrate on supplying SoCs for flagship products of a major customer while preparing for next-generation 2nm products. Image sensors will aim to maximize new product supply through HDR, low-power and zoom features, while DDIs will seek to develop low-power products using advanced processes.

The Foundry Business saw its overall earnings decline compared to the previous quarter due to the impact of one-off costs. Still, the Foundry Business successfully met its order targets — particularly in sub-5nm technologies — and released the 2nm GAA process design kit (PDK), enabling customers to proceed with their product designs.

While mobile and PC demand may remain weak in the fourth quarter, high performance computing (HPC) and AI-related demand will continue to be robust. The Foundry Business will strive to acquire customers by improving the process maturity of its 2nm GAA technology, and it will continue to develop competitive technology and design infrastructure to expand additional business opportunities.

For 2025, the overall foundry market is expected to show double-digit growth, driven by HPC and AI applications in advanced technology nodes. The Foundry Business aims to expand revenue through ongoing yield improvements in advanced technology while securing major customers through successful 2nm mass production. In addition, integrating advanced process nodes and packaging solutions to further develop the HBM buffer die is expected to help acquire new customers in the AI and HPC sectors.

Mobile Display Records Solid Results; Will Maintain Leadership in the High-End Market

SDC posted KRW 8.0 trillion in consolidated revenue and KRW 1.51 trillion in operating profit for the third quarter.

For the mobile display business, SDC achieved sequential improvements in both sales and profits thanks to the flagship product launches of major customers. For the large display business, SDC reported a slight weakening in operating profit, but sales volume improved from the previous quarter, driven by the stable demand of TV and monitor products.

In the fourth quarter, SDC expects continued demand for flagship products from major customers, and sales growth of IT and automotive products. However, SDC’s performance outlook is quite conservative compared to the previous quarter, due to headwinds from rising competition among panel makers.

For the large display business, SDC will keep striving to expand sales by meeting the fourth quarter demand of major customers through improved production efficiency, and it aims to respond to the demand for new products in 2025 with timely supply.

In 2025, SDC will continue to maintain its leadership in the foldable and high-end smartphone markets, based on innovative OLED technologies optimized for AI devices and accelerate the expansion of IT and automotive products to further diversify its business portfolio.

For the large display business, SDC will continue to leverage the performance advantage of QD-OLED panels to strengthen its position in the premium TV market. And for monitors, SDC will broaden its lineup by adding high-resolution products and diverse refresh rate options, aiming not only to solidify its competitive edge in the gaming monitor market but also to actively enter the B2C monitor market.

MX Business To Achieve Double-Digit Annual Sales Growth in Flagships

The MX and Networks businesses posted KRW 30.52 trillion in consolidated revenue and KRW 2.82 trillion in operating profit for the third quarter.

Overall market demand for smartphones grew modestly as the residual effects of global inflation slowed the recovery in consumer spending.

The MX Business recorded sequential growth in both revenue and operating profit, bolstered by the launch of new smartphone, tablet and wearable products. Sales increased — with a focus on flagship models — and profitability neared double digits, despite rising material costs as product specifications improved to boost competitiveness.

In the fourth quarter, seasonal factors are expected to lead to sequential growth in the smartphone market. At the same time, competition in the mass market segment is expected to increase as a result of rising demand, particularly in emerging markets.

The MX Business will continue to maintain solid sales of its AI smartphones, such as foldables and the S24 series, with various sales promotions in anticipation of the holiday season, aiming for annual flagship sales growth of double digits. In addition, the MX Business will expand sales linked to year-end seasonality for tablets and wearables, especially on new premium products with significantly enhanced performance, to contribute to the MX Business’ sales and profits.

In 2025, the macroeconomic environment is expected to stabilize to a degree as a result of interest rate cuts, leading to slight growth in the smartphone market. The mass market segment is expected to grow, along with demand for ecosystem products, and the smartwatch and true wireless stereo (TWS) markets will expand with broader applications of AI capabilities.

The MX Business will drive sales growth and improve profitability with a focus on flagship products, including smartphones, foldables, tablets and wearables, based on further advancements of Galaxy AI.

Visual Display To Focus on Premium Models and Service Expansion

The Visual Display and Digital Appliances businesses posted KRW 14.14 trillion in consolidated revenue and KRW 0.53 trillion in operating profit in the third quarter.

The Visual Display Business saw improved profitability both from the previous quarter and a year earlier by prioritizing sales of strategic products such as Neo QLEDs, OLEDs, and big TVs. Additionally, service business sales increased.

In the fourth quarter, overall demand in the TV market is expected to recover due to year-end peak seasonality amid intensifying competition. The Visual Display Business plans to capture peak season demand by enhancing sales programs through strategic collaborations with major retail partners, and will focus on expanding sales and securing profitability by emphasizing the competitiveness of TVs in terms of security, design, and content.

In 2025, the overall TV market is expected to post modest growth, with strategic products like QLEDs, OLEDs, and big TVs continuing to gain market share. To solidify its leading position globally, the Visual Display Business will continue to differentiate AI functionalities and innovate its products centering on premium and Lifestyle screens.

By utilizing AI, the Company aims to enhance core TV features such as picture and sound quality, while also improving the overall user experience within the SmartThings ecosystem. The Company plans to drive sales of premium products centered on Neo QLED, OLED and super big TVs, and it will maintain leadership in the Lifestyle screen category by leveraging well-established competitive advantages.

Furthermore, by capitalizing on the extensive installed base that has been established through hardware leadership, the Visual Display Business will continue to expand the service platform business through advertisement and media such as Samsung TV Plus.

¹ Refers to Samsung’s fifth-generation 10nm class DRAM

The inclusion of Paraguay and Uruguay expands the global Samsung Newsroom network to cover a total of 60 regions around the world.

Samsung Newsroom has established itself as a leading source of information on Samsung for media outlets, business partners, tech enthusiasts and product users across Latin America. The online platform offers in-depth access to product launches, technological innovations and key events shaping Samsung’s agenda in Paraguay, Uruguay and other Latin American markets. In addition to the latest updates on mobile devices, smart appliances and business solutions, Samsung Newsroom highlights the company’s sustainability efforts and social responsibility initiatives throughout the region.

“We are thrilled to welcome Paraguay and Uruguay to our news platform,” said Larissa Espinal, Head of Corporate Marketing Group at Samsung Electronics Latin America. “This expansion will allow us to further strengthen our connection with local audiences and share information on how Samsung transforms lives through innovation and technology.”

Visit the Samsung Electronics Latin America Newsroom to discover the latest in Samsung technology from Paraguay, Uruguay and the broader Latin American region.

Samsung Electronics today announced it has been recognized by Interbrand, a global brand consultancy, as a “Global Top 5” brand for the fifth year in a row. Interbrand releases its list of “Best Global Brands” each year, and on this year’s list, it was revealed that Samsung’s brand value reached $100.8 billion and grew by 10% year-on-year.

The significant increase of Samsung Electronics’ brand value was driven by growth in the AI industry, particularly its leadership in on-device AI and competitiveness in the semiconductor sector. Since its first top five ranking in 2020, Samsung Electronics has experienced an impressive 62% growth over four years and remains the only Asian business among the global top five brands.

“This year’s substantial brand growth is a direct result of our holistic approach to AI and efforts to put this powerful technology into the hands of Samsung users around the world,” said YH Lee, President and Head of the Global Marketing Office at Samsung Electronics. “Moving forward, we will lean even further into the qualities that our users have come to both love and expect.”

Company Recognized for On-Device AI, enhanced connected experiences and AI Leadership

According to Interbrand, Samsung Electronics’ evaluation was positively influenced by the following:

• Deployment of AI technologies in key products and leadership in the on-device AI market
• Enhanced connected experiences through AI-enabled platforms and products
• AI leadership based on its competitiveness in the semiconductor sector
• Implementing a consistent brand strategy in the global market
• Ongoing commitment to a more sustainable future.

This year, under the vision of AI for All, Samsung is expanding its portfolio of products infused with AI technologies to enhance customer experiences. With the release of the Galaxy S24 series, Samsung has been leading the mobile AI. It has also launched AI TVs equipped with AI processors and AI upscaling while introducing Bespoke AI appliances that empower user’s daily life.

The company is expanding the SmartThings ecosystem to provide a unified connectivity experience, enabling not just its own products, but also various third-party devices. This integration offers substantial benefits that go beyond more convenience, including energy conservation and family care.

As a leader in the semiconductor industry, Samsung is making bold investments in R&D to meet rising AI demand and — with innovative memory products like DDR5, GDDR7, HBM3E, LPDDR5X, 9^th Gen V-NAND, Exynos SoC, high resolution image sensor— is proactively addressing server and on-device AI needs.

As for brand strategy, the company has been recognized for delivering consistent brand values and build authentic relationships with customers.

Additionally, Samsung focuses on implementing environmentally conscious activities and initiatives by adopting various recycled materials across a wide range of product categories. It has participated in global initiatives and collaborated with industry leaders with focus on goals such as reducing carbon emissions associated with device usage. Samsung Electronics’ sustainability efforts as well as fostering a diverse corporate culture have also received positive evaluations.

Samsung’s Recognized Efforts in Each Business Division

Mobile

• Leading the mobile AI era with Galaxy AI following the release of the Galaxy S24 series
• Making the new Galaxy AI upleveled by the unique Galaxy Z Fold6 and Z Flip6 foldable experience
• Strengthening leadership in the health AI with the release of the Galaxy Ring and new Galaxy Watch series

Networks

• Strengthening leadership in virtualized Radio Access Network (vRAN) and Open RAN
• Leading the technical standardization of 6G
• Consistently innovating technologies to support various 5G use cases, including streaming and gaming
• Enhancing partnerships with customer companies and communicating the sustainability aspects of Samsung’s network technology

Visual Display

• Solidifying global leadership in the TV and soundbar markets
• Consistently innovating with products like AI TVs, MICRO LED displays and the Music Frame
• Innovating the viewing experience with cutting-edge technologies, including AI upscaling and Active Voice Amplifier Pro
• Positioning itself as a core gaming partner through various partnerships
• Strengthening security and privacy through Samsung Knox

Digital Appliances

• Maintaining global leadership in categories such as refrigerators and washing machines through consistent product innovation and advanced AI capabilities
• Providing customer-centered value and experience through Bespoke AI appliances
• Enhancing accessibility with Auto Open Door and the upgraded Bixby voice control
• Offering substantial benefits — such as energy efficiency through SmartThings AI Energy Mode — and the expansion of SmartThings connectivity experience worldwide

Semiconductor

• Delivering the industry’s first GDDR7 DRAM, HBM3E DRAM, LPDDR5X DRAM and 9^th Gen V-NAND as well as solidifying market leadership for the AI era
• Consistently advancing AI technologies such as ISOCELL Auto 1H1 sensors, optimized for the development of autonomous vehicles
• Exceeding customer expectations with the consistent rollout of exceptional B2C SSD products like 990 EVO and SSD T9

Interbrand’s Best Global Brands are listed according to the evaluation of each brand value, which is a result of comprehensive analysis of the financial performance of the company, the influence of the brand on customer purchases and brand competitiveness (strategy, empathy, differentiation, customer engagement, consistency, trust, etc.). It is a brand value evaluation with one of the longest histories in the world and is widely recognized for its credibility.

• Consolidated Sales: Approximately 79 trillion Korean won
• Consolidated Operating Profit: Approximately 9.1 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 78 trillion to 80 trillion Korean won
• Operating Profit: 9.0 trillion to 9.2 trillion Korean won

※  2024 2Q and 2023 3Q consolidated figures based on K-IFRS are as follows

The Company posted KRW 74.07 trillion in consolidated revenue and operating profit of KRW 10.44 trillion as favorable memory market conditions drove higher average sales price (ASP), while robust sales of OLED panels also contributed to the results.

Memory Market Continues To Recover; Solid Second Half Outlook Centered on Server Demand

The DS Division posted KRW 28.56 trillion in consolidated revenue and KRW 6.45 trillion in operating profit for the second quarter.

Driven by strong demand for HBM as well as conventional DRAM and server SSDs, the memory market as a whole continued its recovery. This increased demand is a result of the continued AI investments by cloud service providers and growing demand for AI from businesses for their on-premise servers.

PC demand was relatively weak, while demand for mobile products remained solid on the back of increased orders from Chinese original equipment manufacturer (OEM) customers. Demand from server applications continued to be robust, with second quarter results improving significantly from the previous quarter as the Company responded to demand for high-value-added products for generative AI applications.

The Company strengthened its leadership in the DDR5 market through the mass production of a 128GB product based on 1b nanometer(nm)¹ 32Gb DDR5, which was developed for the first time in the industry.

In the second half of 2024, AI servers are expected to take up a larger portion of the market as major cloud service providers and enterprises expand their AI investments. As AI servers equipped with HBM also feature high content-per-box with regards to conventional DRAM and SSDs, demand is expected to remain strong across the board from HBM and DDR5 to server SSDs.

With capacity being concentrated on HBM, server DRAMs and server SSDs for AI applications, conventional bit supply of cutting-edge products for PC and mobile is expected to be constrained.

The Company plans to actively respond to the demand for high-value-added products for AI and will expand capacity to increase the portion of HBM3E sales. The Company will also focus on high-density products, such as server modules based on the 1b-nm 32Gb DDR5 in server DRAM.

For NAND, the Company plans to increase sales by strengthening the supply of triple-level cell (TLC) SSDs, which are still a majority portion of AI demand, and will address customer demand for quad-level cell (QLC) products, which are optimized for all applications, including server PC and mobile.

The System LSI Business posted record-high sales for the first half of the year as it saw earnings improve in the second quarter due to increased supply of key components such as systems on chips (SoCs), image sensors and display driver ICs (DDIs) for major flagship products.

Initial response to the new SoC for wearables, which features the industry’s first 3nm technology, has been favorable and adoption of SoCs featuring this technology by key customers is expected to expand in the second half of the year. The Company also plans to ensure a stable supply of the Exynos 2500 for flagship models.

The System LSI Business will focus on expanding the application of 200-megapixel sensors from main wide camera to tele cameras and plans to expand sales of DDI products with the start of mass production of new models for a customer based in the US.

The Foundry Business saw improved earnings as a result of increased demand across applications. Due to higher orders for sub-5nm technology, the number of AI and high-performance computing (HPC) customers increased twofold from a year earlier. The Foundry Business also distributed the process development kit (PDK) for 2nm Gate-All-Around (GAA) technology to customers ahead of mass production in 2025.

In the second half, the Foundry Business expects a rebound in mobile demand and continued high growth in demand for AI/HPC applications. As a result, the foundry market is expected to experience growth overall, particularly in advanced nodes. For 2024, on the back of full-scale mass production of second-generation 3nm GAA technology, the Company expects growth to outpace the market.

The Foundry Business plans to continue expanding orders for AI/HPC applications and aims to increase the customer number by fourfold and sales by ninefold by 2028 compared to 2023.

SDC Ready To Meet Increased Mobile Demand in H2, Targets Growth in Large Panels

SDC posted KRW 7.65 trillion in consolidated revenue and KRW 1.01 trillion in operating profit for the second quarter.

The mobile display business posted sales growth, driven by solid demand for flagship products, along with effectively supporting new smartphone launches from key customers. Timely response to customer requests with stable supply of IT OLED products also helped higher results.

In the large display business, sales of high-resolution, high-refresh-rate monitor products expanded, mostly in the gaming monitor market, while TVs maintained a stable sales in the high-end segment, driven by increased penetration of OLED panels.

In the second half of the year, the release of new smartphones from major customers and potential replacement demand with the adoption of AI is expected to lead to an increase in mobile display sales. However, competition among panel makers is likely to be more intense than in the first half.

SDC is manufacturing products with improved performance covering power consumption, brightness, slim design and durability, and will continue to expand sales and profitability through continuous quality insurance and enhanced productivity. For the large display business, SDC plans to increase sales and improve profitability by focusing on high-value-added products and introducing new monitors with various refresh rates.

MX Business To Focus on Flagship Smartphones and Ecosystem Products for Revenue Growth

The MX and Networks businesses posted KRW 27.38 trillion in consolidated revenue and KRW 2.23 trillion in operating profit for the second quarter.

Overall market demand for smartphones declined sequentially, particularly in the premium segment, as seasonal trends continued in the smartphone market. While the MX Business recorded a sequential decline in revenue, the Galaxy S24 series achieved double-digit year-on-year growth in both shipments and revenue over its predecessor for both the second quarter and the first half of the year, demonstrating the continued success of the series.

Profitability declined slightly compared to the previous quarter, primarily due to increased costs stemming from the rising prices of essential components. Nevertheless, the MX Business recorded double-digit profitability for the entire first half of the year.

In the second half of 2024, overall demand for smartphones is expected to increase year-on-year, with increased demand for premium products being driven by growing demand for AI and the launch of new products with innovative features. In addition, market demand for ecosystem products such as tablets, smartwatches and smart rings is expected to increase. Accordingly, the MX Business expects smartphone shipments to increase in the third quarter, while tablet shipments are expected to sequentially remain consistent.

The MX Business will seek revenue growth by expanding sales of flagship smartphones and ecosystem products, while also continuing to ensure solid profitability by optimizing product specifications, including component standardization and pursuing operational efficiencies.

Visual Display Business To Lead Growth in TV Market by Promoting Unique Competitiveness

The Visual Display and Digital Appliances businesses posted KRW 14.42 trillion in consolidated revenue and KRW 0.49 trillion in operating profit in the second quarter.

Overall TV market demand saw a year-on-year increase — primarily in advanced countries — as well as a quarter-on-quarter increase mainly due to global sporting events. Backed by differentiated launches of new TV models in 2024, the Visual Display Business solidified its leadership in the premium market by focusing on selling strategic products, such as Neo QLED, OLED and Lifestyle screens. However, profitability decreased year-on-year as costs increased, due to higher panel prices and intensified market competition.

In the second half of 2024, overall market demand is expected to recover further due to growing demand for QLED, OLED and larger screen TVs. The Visual Display Business will capitalize on peak season demand by implementing sales programs centered around premium and large-size TVs. Moreover, it will promote competitive features like AI, security and design along with differentiated customer experiences enabled by Samsung SmartThings.

Additionally, the Visual Display Business will seek to reinforce its growth momentum by strengthening its service businesses.

¹ Refers to Samsung’s fifth-generation 10nm class DRAM

Equipping US Police With the Technology To Help Protect the Public

Police officers and law enforcement workers deal with turbulent, fast-paced and often dangerous situations on a daily basis. Today, new technologies can support such jobs by significantly streamlining activities, enable workers to carry out tasks more effectively and even improve safety and transparency. It’s a time when the right tools can truly change the day-to-day experience of public service professionals, consumers and employees for the better.

Transforming operations in this way was the goal for the Kimberling City Police and the Indian Point Police in Missouri. These forces conducted a pilot program two years ago to test out new devices to help improve daily operations. Officers were equipped with Samsung Galaxy Z Flip series smartphones¹ to help them find efficiencies in their work through several methods. This included their use as a body-worn camera to promote transparency, marking the first time that police have used a foldable device in this way.

Fast forward approximately six months and the pilot was complete with officers reporting successful results. With the effectiveness of the devices established, Samsung explored ways to broaden their usage to even more police officers. The Galaxy Z Flip devices were then expanded to the San Benito and the Craighead County Sheriff’s departments, bringing the benefits of this technology to even more public service professionals.

Why Samsung’s Foldables Are the Right Devices for the Job

The Galaxy Z Flip devices were chosen in part due to their unique form factor, which provides a lightweight, compact design. To ensure the devices were made with the best quality and as fit-for-purpose as possible, Samsung collaborated with Visual Labs, a leading body camera solution provider.

They worked together to customize the device, including remapping the external volume button to start the body camera recordings in urgent situations without the need to turn on the display or open the smartphone. The body camera function can also be activated by detecting high speed while pursuing a suspect or when connected to the dash-cam solution, through the activation of emergency lights. These features provide police officers with additional methods to promptly begin recording their surroundings, enhancing their ability to capture critical events.

The Samsung Galaxy Z Flip series’ works well as a body camera due to its compact and foldable form factor, allowing for easy attachment to police uniforms and outer carriers. Its high-quality camera ensures a clear and detailed video recording, while its durable construction makes it suitable for demanding environments. Additionally, the long battery life and advanced features like stabilization and quick access to recordings make it an optimal choice for body camera use.

The result is a unique, all-in-one solution that provides efficiencies no other smartphone can offer. The Galaxy Z Flip’s inherent versatility makes it extremely adaptable and appealing across numerous industries – for the police, it brings expanded on-the-job abilities, improved situational awareness and enhanced communication and engagement across teams.

Streamlining Operations for Increased Efficiency and Safety

In their use as body-worn cameras, Galaxy Z Flip devices can help improve evidence gathering and transparency by clearly documenting details of arrests and other interactions. With the support of Visual Labs technology, video data can also be stored in the cloud instantaneously, allowing footage to be livestreamed to the police force’s command center and viewed in real time. This plays a key role in keeping colleagues unified and informed regarding team operations.

In one easy-to-use device that combines several technologies, the Galaxy Z Flip additionally functions as a digital camera needed for taking pictures of crime scene evidence; an audio recorder for witness interviews; and a personnel locator for tracking an officer’s location through GPS. The device also allows phone calls, emails and text messaging. It can support other agency-specific applications such as computer-aided dispatch, criminal justice database queries and even push-to-talk, helping law enforcement log crimes and activity in real time and while on the move.

All this adds up to a level of utility that surpasses single-purpose devices, helping to keep officers safe and improving their productivity. Enveloping the device features is the sleek design of the Galaxy Z Flip series, ideal for busy police officers because it allows them to quickly and easily mount the device on their uniform. This makes it much easier to use than traditional bar-shaped devices and minimizes the amount of equipment they need to carry, all without compromising on performance. The device also boasts advantages in maintenance costs compared to other body-worn cameras, which is a crucial consideration and benefit in distributing devices to numerous officers.

Kimberling City Police Department Chief of Police, Todd Lemoine said, “We chose the Galaxy Z Flip due to the wide array of benefits it brings to our team, and we’re delighted to say that we’ve had incredible results. We’ve seen response and investigation efforts be significantly improved by its overall ease of use and ability to enhance communications across teams. These devices put powerful resources right at the fingertips of our force.”

A Future Supported by Innovations Built To Enhance Workforce Operations

The benefits of versatile technologies like the Samsung Galaxy Z Flip series are significant, and they don’t stop there. Samsung is dedicated to continually developing its product offerings to support consumers, businesses and public services with cutting-edge innovations that precisely meet customer needs.

Through bespoke and optimized devices, the possibilities of what can be achieved are endless. The successful implementation of Samsung’s solutions in the Kimberling City Police and the Indian Point Police have been so positive that the solutions are now being extended to 25 metro police departments across five states, furthering Samsung’s commitment to bringing tools that can boost success for even more police authorities in the US.

For more information about the Galaxy Z Flip series, please visit https://news.samsung.com/global/galaxy-z-fold6-z-flip.

¹ Galaxy Z Flip3, Galaxy Z Flip4 & Galaxy Z Flip5 smartphones.

• Consolidated Sales: Approximately 74 trillion Korean won
• Consolidated Operating Profit: Approximately 10.4 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 73 trillion to 75 trillion Korean won
• Operating Profit: 10.3 trillion to 10.5 trillion Korean won

※  2024 1Q and 2023 2Q consolidated figures based on K-IFRS are as follows

Since establishing its Japanese subsidiary in October 2008, Samsung has expanded its business offerings in Japan to include the Galaxy series, wearable devices and network solutions including 5G base stations. Moving forward, the company aims to lead the digital era by creating innovative new products while meeting the needs of Japanese customers.

“We are pleased to launch Samsung Newsroom Japan at a time when local media and consumers are highly interested in Samsung products and the company’s activities within Japan and around the world,” said Kenichi Kobayashi, CMO of Samsung Electronics Japan. “Now, we can promptly provide the latest news, product information and media assets to anyone interested in Samsung’s innovative technologies.”

Samsung Newsroom Japan is the company’s 47th newsroom to date — joining Samsung Global Newsroom and local editions in the United States, Brazil, France, India, South Africa and Vietnam, among others.

For more information on Samsung’s innovations and activities in Japan, visit news.samsung.com/jp.

Established in 2020 to enhance women and children’s health globally through medical advancements, Sonio has developed IT solutions and AI assistant features for obstetrics and gynecology ultrasound that assist medical professionals in the evaluation and documentation of ultrasound exams.

Sonio Detect, an FDA 510(k) cleared AI assistant, leverages deep learning networks to ensure higher image quality in real time and improve quality of care through greater clinical accuracy.

Following the completion of the transaction, Sonio will remain an independent company headquartered in France and will continue its commercial growth independently while its products and services will remain compatible with all ultrasound device makers.

Together with Sonio’s world-class AI expertise, Samsung Medison’s leading-edge ultrasound systems will help bring to market breakthrough AI-enhanced workflows and accelerate innovation in patient outcomes and quality of prenatal care.

“We have great respect and admiration for what the Sonio team has built in the area of maternal care. Through the acquisition of Sonio, Samsung Medison will continue to deliver upon our promise to improve the quality of people’s lives with technology,” said Yong Kwan Kim, Samsung Medison CEO. “Collaboration with Sonio will bring together best-in-class ultrasound AI technology and reporting capabilities to bring a paradigm shift in the prenatal ultrasound exam.”

“Samsung Medison’s established global ultrasound business combined with Sonio’s advanced AI creates an exciting growth opportunity for both sides,” said Cécile Brosset, Sonio CEO. “We have found in Samsung Medison an amazing, trusting partner to pursue and accelerate our roadmap and mission. In addition to close collaboration with Samsung Medison, as an independent company, Sonio will continue to advance medical reporting technology and diagnostic software globally, including for underserved areas in healthcare.”

The closing of the transaction is subject to applicable regulatory approvals, and notably the approval of the French Ministry of the Economy and Finance.

About Samsung Medison
Samsung Medison is a leading global medical device company, specializing in diagnostic imaging devices. With a mission to bring health and well-being to people’s lives, the company is committed to creating a new future for medical professionals and patients around the world across various medical fields. In 2011, Samsung Medison became an affiliate company of Samsung Electronics, integrating the world’s best IT, image processing, semiconductor and communication technologies into medical devices. For more information, please visit https://www.samsungmedison.com/

About Sonio
Sonio’s AI-enhanced software empowers prenatal sonographers and ultrasound readers and assists them in performing prenatal examinations that meet the highest quality standards, while ensuring the completeness of each examination, streamlining their workflow and increasing the accuracy of prenatal diagnoses. Sonio’s software is the product of more than five years of research and collaboration between leading experts in the areas of maternal-fetal medicine and AI. Sonio’s investors include Elaia Partners, Bpifrance’s French Tech Seed fund, OneRagtime, Cross Border Impact Ventures and EIC Fund (European Innovation Council). To learn more about Sonio, visit our website https://sonio.ai/

The Company posted KRW 71.92 trillion in consolidated revenue on the back of strong sales of flagship Galaxy S24 smartphones and higher prices for memory semiconductors. Operating profit increased to KRW 6.61 trillion as the Memory Business returned to profit by addressing demand for high value-added products. The Mobile eXperience (MX) Business posted higher earnings and the Visual Display and Digital Appliances businesses also recorded increased profitability.

The weakness of the Korean won against major currencies resulted in a positive impact on company-wide operating profit of about KRW 0.3 trillion compared to the previous quarter.

The Company’s total capital expenditures in the first quarter stood at KRW 11.3 trillion, including KRW 9.7 trillion for the Device Solutions (DS) Division and KRW 1.1 trillion on Samsung Display Corporation (SDC). Spending on memory was focused on facilities and packaging technologies to address demand for High Bandwidth Memory (HBM), DDR5 and other advanced products, while foundry investments were concentrated on establishing infrastructure to meet medium- to long-term demand. Display investments were mainly made in IT OLED products and flexible display technologies.

Memory Business Returns to Profit; Second Quarter Expected to Remain Solid on AI Demand

The DS Division posted KRW 23.14 trillion in consolidated revenue and KRW 1.91 trillion in operating profit for the first quarter.

For servers and storage, demand for generative AI showed solid trends, while demand for DDR5 and high-density SSDs remained strong. For PCs and mobile overall, content-per-box continued to grow for both DRAM and NAND, and demand remained robust on the back of active sell-in driven primarily by Chinese mobile OEM customers.

The Memory Business returned to profit as it achieved qualitative growth by addressing the demand across servers, storage, PC and mobile, focusing on high-value-added products such as HBM, DDR5, server SSDs and UFS 4.0., along with the increase in ASP.

Looking ahead to the second quarter, the industry is expected to remain solid, led mainly by demand for generative AI.

For servers and storage, the continuous increase in the supply of AI servers and subsequent expansion of associated cloud services will increase demand not only for HBM but also for conventional servers and storage solutions. Demand for mobile is expected to be stable in the quarter, while PC customers are predicted to be affected by slow seasonality, making them likely to adjust their inventories ahead of new product launches in the second half of the year.

The Company started mass production of HBM3E 8H this month and plans to mass produce HBM3E 12H products and a 128GB product based on 1b nanometer¹ (nm) 32Gb DDR5 within the second quarter. The Company also started mass production of V9 NAND for the first time in the industry this month.

In the second half of 2024, business conditions are expected to remain positive with demand — mainly around generative AI — holding strong, despite continued volatility relating to macroeconomic trends and geopolitical issues.

For HBM, the Company will continue to increase supply in order to respond to growing demand for generative AI. In DRAM, the Company plans to accelerate 1b nanometer-based 32Gb DDR5 supply with faster ramp-up speeds and further strengthen its competitiveness in the high-density DDR5 module market. For NAND, the Company plans to enhance technology leadership by mass producing quad-level cell (QLC) for V9 in the third quarter.

The System LSI Business increased the supply of systems on chips (SoCs) and sensors for major customers’ new products, but earnings improvements have taken longer than anticipated as Display Driver IC² (DDI) sales were impacted by slowing panel demand.

With smartphone sell-out likely to show signs of recovery after a slow start, the System LSI Business will focus on providing a stable supply of flagship SoCs and sensors and is also preparing to ship products based on advanced technologies for new wearables.

For mobile sensors, the utilization rate is expected to remain high, including the mass production of 50MP products for global customers. For DDIs, sales are expected to continue expanding to meet demand from a major customer for new IT/TV products.

Amid a likely intensified pressure for component pricing, the System LSI Business will proactively adjust its product mix to navigate these challenges effectively.

The Foundry Business saw a delay in sales improvement due to weak market demand and continued inventory adjustments. Still, efficiency efforts in fab operations became more visible, which allowed it to narrow losses slightly.

The development of advanced 3nm and 2nm technologies is progressing smoothly, and 4nm technology yields have stabilized. This improvement in advanced technology competitiveness helped the Foundry Business achieve its highest ever order backlog in the first quarter.

Amid a likely gradual recovery in market conditions, second-quarter revenue is expected to rebound and reach double-digit quarter-on-quarter growth after bottoming in the first quarter.

The Foundry Business plans to complete the development of 2nm design infrastructure and prepare 4nm technology applicable to 3D IC. For mature technologies like 14nm and 8nm, it plans to prepare infrastructure for multiple applications.

In the second half of 2024, the foundry market is expected to see limited growth as uncertainties are likely to persist. However, the Foundry Business expects to outpace the market growth rate in annual sales thanks to increased sales of leading-edge technologies of 5nm and below. It will start mass production of Gate-All-Around (GAA) 3nm second-generation technology and improve the maturity of 2nm technology to focus on high-growth applications like AI and high-performance computing (HPC).

SDC To Focus on Flexible Displays and IT/Automotive, Aims for Sales Growth in Large Panels

SDC posted KRW 5.39 trillion in consolidated revenue and KRW 0.34 trillion in operating profit for the first quarter.

In the mobile display business, while intensifying competition led to a decline in earnings from the previous quarter, SDC ensured the timely supply of flexible displays for a major customer’s high-end smartphones and improved the utilization rate for rigid displays.

For the large display business, SDC narrowed losses on the back of new QD-OLED monitor products and a stronger customer base, despite an ongoing curb in demand.

While SDC expects sales to increase in mobile displays with the launch of new foldable phones from a major customer and stronger demand for IT products in the second quarter, earnings growth is likely to be impacted by intensifying competition.

As for large displays, SDC plans to address demand for TV panels for a major customer and seeks to expand sales of premium monitors.

In the second half of the year, SDC will focus on maintaining competitiveness by expanding the sales of flexible displays with low power consumption and improved durability while also continuing to replace LCD displays in smartphones with rigid display products. Furthermore, SDC plans to boost its IT and automotive businesses in order to diversify its business portfolio.

SDC aims to increase large display sales from the previous year by improving the production efficiency of QD-OLED displays and enhancing the product mix, focusing on high-valued-added offerings.

MX Business Posts Revenue Growth Amid Market Decline, Plans Continued Investment in AI

The MX and Networks businesses posted KRW 33.53 trillion in consolidated revenue and KRW 3.51 trillion in operating profit for the first quarter.

Market demand for premium and mid-range smartphone segments decreased sequentially in volume and value as the smartphone market entered the seasonally slower first quarter.

However, the MX Business achieved revenue and operating profit growth due to strong sales of the Galaxy S24 series and maintained solid double-digit profitability through continued efforts in resource optimization. In particular, Galaxy AI features on the S24, such as Circle to Search, continued to see high usage rates and contributed to sales growth.

In the second quarter, overall demand for smartphones is expected to decline sequentially due to seasonality. Accordingly, the MX Business expects smartphone shipments to decline and tablet shipments to remain consistent sequentially.

The MX Business will maintain its flagship-oriented sales approach in the second quarter by applying the Galaxy S24’s AI experience to other flagship models and maximizing product competitiveness. Additionally, the MX Business will aim to secure solid profitability by continuing to streamline operations in light of continued geopolitical instability and likely increases in the cost of key components. At the same time, the MX Business will remain committed to investing in R&D, including in AI, despite a challenging environment.

In the second half of the year, the smartphone market is expected to rebound due to stabilizing consumer sentiment, the expansion of AI products and services and economic growth in emerging markets.

The MX Business will seek annual growth in smartphone sales and aims to maintain sales momentum through the expansion of Galaxy AI to existing and new flagship products across foldable devices and tablets. For wearables, it will strengthen the Galaxy ecosystem experience through the expansion of new models and form factors like the Galaxy Ring. For smartwatches, the MX Business will strive to meet demand for upgrades through the launch of new premium models.

Additionally, the MX Business will continue to seek operational efficiencies to counter rising component costs to ensure solid annual profitability, and it will continue to invest in research and development to further expand and refine Galaxy AI.

Visual Display and Digital Appliances To Continue Breaking New Ground in the AI Era

The Visual Display and Digital Appliances businesses posted KRW 13.48 trillion in consolidated revenue and KRW 0.53 trillion in operating profit in the first quarter.

The Visual Display Business posted higher quarter-on-quarter profitability even as the overall market demand decreased by concentrating on premium products, such as Neo QLEDs, OLEDs and TVs above 75″. However, profitability declined year-on-year due to stagnant TV market demand and increased costs amid intensifying market competition.

In the second quarter, overall market demand is expected to remain weak due to declining TV demand in emerging markets, but major global sporting events may lead to opportunities to increase sales. The Visual Display Business will focus on securing profitability, enhancing sales of strategic products and strengthening operations management in each business segment.

In the second half of 2024, overall TV demand is expected to recover gradually amid an uncertain macroeconomic and geopolitical environment. The Visual Display Business will address diverse consumer needs while promoting “AI Screen Leadership,” driven by innovative premium TVs and Lifestyle screens. Additionally, it will provide differentiated customer experiences through connected devices and drive market growth by promoting advanced features based on security and sustainability, as well as boosting competitiveness in service businesses such as Samsung TV Plus.

¹ Refers to Samsung’s fifth-generation 10nm class DRAM.
² Integrated circuit.

• Consolidated Sales: Approximately 71 trillion Korean won
• Consolidated Operating Profit: Approximately 6.6 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 70 trillion to 72 trillion Korean won
• Operating Profit: 6.5 trillion to 6.7 trillion Korean won

※  2023 4Q and 2023 1Q consolidated figures based on K-IFRS are as follows

Samsung Electronics today announced the launch of Samsung Newsroom Kazakhstan in the Kazakh language, aiming to reach more Kazakh customers curious about the latest innovations in technology.

Starting today, Kazakh-speaking users and partners will be able to access the most up-to-date information on Samsung’s new devices, solutions and IT trends in their native language.

▲ Users can now easily access the latest Samsung news and information on brand events in Kazakhstan.

Samsung Newsroom Kazakhstan will keep users informed about the exciting events that the company organizes in Kazakhstan, from product launches and B2B conferences to unique events and giveaways featuring valuable prizes. Additionally, local residents will have the opportunity to participate in these events firsthand and create memorable experiences.

“Sharing Samsung news in Kazakh is a great way for us to connect and communicate with our users in Kazakhstan and abroad who are passionate about Samsung,” said Berik Umarov, Head of Corporate Communications at Samsung Electronics Central Eurasia. “We will continue to expand our Kazakh content to ensure that everyone can access valuable information.”

Samsung Newsroom Kazakhstan in the Kazakh language is the company’s 46th newsroom to date, following the Global Newsroom, as well as local editions in the United States, Korea, Vietnam, Brazil, India, Germany, Russia, Mexico, the U.K., Argentina, Malaysia, Italy, South Africa, the Netherlands, Spain, Belgium and Taiwan, among others.

Samsung has been a mainstay in Kazakhstan since 1996. Operating under the name Samsung Electronics Central Eurasia, the Kazakhstan office oversees operations not only in Kazakhstan but also in neighboring Central Asian countries including Kyrgyzstan, Tajikistan, Turkmenistan and Mongolia.

For more information about Samsung’s latest innovations and activities in Kazakhstan, visit news.samsung.com/kz_kz.

▲ Samsung Electronics receives the AA rating in the 2023 MSCI ESG Ratings.

The AA rating is based on the 2023 MSCI ESG Ratings by Morgan Stanley Capital International (MSCI), ranking Samsung as one of the global leaders in managing environmental, social and governance (ESG) risks and opportunities.

Samsung improved its overall rating in 2023 by one notch, building on its consistent A rating since 2020. This upgrade was due to large improvements in its social and governance scores.

The MSCI ESG assessment, conducted by MSCI — a subsidiary of Morgan Stanley, a leading global investment bank — has been a key global evaluation of ESG practices since 2009.

The assessment holds considerable influence over investors worldwide. It provides a comprehensive evaluation of the ESG management of more than 8,500 listed companies globally. The companies are categorized into seven grades — from the highest rank, AAA, to the lowest, CCC.

Samsung’s improvement in the rating last year is due to its global sustainability management activities. In particular, the company’s score increased in areas such as human capital development, controversial sourcing and corporate governance.

Internally, Samsung has implemented initiatives to improve the working environment for its employees. This includes the introduction of the Free Agent (FA) initiative and Samsung Talent Exchange Program (STEP), allowing employees more opportunities to explore different roles and gain cross-cultural work experience between domestic and overseas offices. Additionally, the company also runs The University of Samsung Electronics (The UniverSE), an educational program for integrated job and leadership training to support the continued growth of Samsung executives and employees.

In terms of responsible mineral sourcing, Samsung conducts regular surveys and inspections of all suppliers. The company publishes a dedicated Responsible Minerals Report in an effort to resolve and prevent any issues related to the mineral procurement process.

In the report, MSCI stated, “The company’s robust mineral sourcing policy leads that of industry peers and extends beyond 3TG minerals. We note improvements in Samsung Electronics’ corporate governance practices.”

Samsung incorporates sustainability management criteria in the Environmental and Social categories when evaluating organizational and executive performance. The Sustainability Committee of the Board of Directors, composed entirely of independent directors, plays a crucial role in discussing major ESG issues.

Samsung remains committed to sustainability management. The company will continue strengthening its ESG management system by investing and expanding its product line with eco-conscious technology and supporting human rights management in the supply chain.

• Samsung will continue to return 50% of the free cash flow generated in the 2024 to 2026 period.
• The regular dividend will remain at an annual total of KRW 9.8 trillion for 2024-2026.
• As in the previous program, the Company will return any remaining portion of the 50% of FCF after dividend payouts.
• After finalizing each year’s results, Samsung will consider executing an early return beyond regular dividends if there is potential for a significant surplus of capital for shareholder return.

The Company will consider implementing a new policy flexibly before the expiration of the proposed one in consideration of M&A activities and cash positions.

Shareholders of record as of the end of 2023 will receive KRW 361 per common share and KRW 362 per preferred share after approval in March at the annual general meeting of shareholders. It is the final quarterly dividend under the policy covering 2021 to 2023, through which the Company pledged to return KRW 9.8 trillion annually in regular dividends as a part of a total return of 50% of free cash flow.

Over the past three years, Samsung generated a free cash flow of KRW 18.8 trillion. Including today’s declared dividend, the Company will have returned capital to its shareholders worth KRW 29.4 trillion, equivalent to 157% of free cash flow.

Samsung remains committed to delivering sustainable shareholder value and will continue to enhance long-term value creation.

The Company posted KRW 67.78 trillion in consolidated revenue and KRW 2.82 trillion in operating profit in the quarter ended December 31, 2023. For the full year, it reported KRW 258.94 trillion in annual revenue and KRW 6.57 trillion in operating profit.

Fourth quarter revenue and operating profit increased from the third quarter based on improved performance in Memory due to higher prices, and continued strength in sales of premium display products.

In the first quarter of 2024, the Company will focus on improving profitability by increasing sales of high value-added products. The component businesses aim to meet demand for advanced products and those aimed for generative AI while the Device eXperience (DX) Division will strengthen AI features in smartphones and other consumer products.

The memory market and demand for IT are expected to continue recovering in 2024, though macroeconomic uncertainties remain to be seen. The Company will meet demand for semiconductors for AI applications and expand into AI-enabled consumer product markets. At the same time, the Company will strengthen its leadership in premium products and competitiveness in advanced-node semiconductors.

As ongoing macroeconomic uncertainties are expected to weigh on the business environment in the near-term, the Company expects earnings in the first half of 2024 to show a moderate improvement, with a more significant improvement expected to take place in the second half of the year.

The Company’s capital expenditures in 2023 reached a total of KRW 53.1 trillion, including KRW 48.4 trillion spent in the Device Solutions (DS) Division and KRW 2.4 trillion in Samsung Display Corporation (SDC). In the fourth quarter, the total was KRW 16.4 trillion, with KRW 14.9 trillion allocated to the DS Division and KRW 0.8 trillion to SDC.

Spending on memory was concentrated on building out infrastructure at the facility in Pyeongtaek, Korea and expansion of production capacity of HBM, DDR5 and other advanced nodes. Foundry investments focused on expanding the production capacity of advanced EUV nodes of 5 nanometers (nm) and below, as well as infrastructure at the Company’s factory in Taylor, Texas. Display investments were mainly made in IT OLED products and flexible displays.

Semiconductor Demand To Recover Gradually in 2024

The DS Division posted KRW 21.69 trillion in consolidated revenue and KRW 2.18 trillion in operating losses in the fourth quarter of 2023.

For the Memory Business, the overall market showed a recovery compared to the previous quarter, with content-per-box continuing to increase for PC and mobile. Server demand showed signs of recovery as investments in generative AI expanded across the IT industry.

The Memory Business also focused on expanding sales of high value-added products, leading to significantly higher sales of cutting-edge solutions like HBM, DDR5, LPDDR5x and UFS 4.0, among others. As a result, its bit growth exceeded market growth, and inventory depletion of DRAM and NAND accelerated. The DRAM business posted a profit on the back of higher prices.

Looking to the first quarter of 2024, PC and mobile demand recovery is expected to continue, while server and storage demand will show signs of recovery, though market conditions need close monitoring. In terms of industry supply, bit growth of cutting-edge products is anticipated to face constraints across the market while consumer demand for advanced-node products is predicted to stay strong. The Memory Business will focus on responding to demand for cutting-edge products and intends to improve profitability by actively addressing demand for HBM and generative AI-related server SSDs.

In 2024, the Memory Business expects the market to continue to recover despite various potential obstacles, including interest rate policies and geopolitical issues. For PC and mobile, content-per-box is expected to grow due to the impact from expansion of on-device AI. As far as servers are concerned, server replacements and transitions to new platforms will likely lead to a gradual recovery in demand. Additionally, the Memory Business plans to focus on profitability based on the competitiveness of cutting-edge nodes.

For DRAM, the aim is to enhance leadership in the high-density DDR5 market and solidify competitiveness in HBM by ramping up the volume of next-generation HBM3E in a timely manner. For NAND, the Memory Business will respond to customer demand for high-density storage by being the first in the industry to enter the mobile QLC market, and by leading the Gen5 SSD market for generative AI applications.

Due in large part to inventory adjustments and the selection of Exynos 2400 for a major customer’s flagship model, the System LSI Business saw its earnings improve in the fourth quarter.

In the first quarter of 2024, sales of new SoCs and high-pixel image sensors are expected to remain strong. However, demand for some SoCs is expected to decline, and earnings are likely to worsen — mainly for mobile display driver IC (DDI) — so overall earnings improvement is predicted to be somewhat limited. However, the introduction of on-device AI provides an opportunity to restore the desire of consumers to replace their smartphones.

Although the smartphone market is expected to rebound in 2024, it is believed that the normalization of chip prices and higher financial costs will erode set makers’ promotional capabilities, limiting demand growth.

The System LSI Business will secure future growth engines by leveraging AI momentum and maximizing SoC, sensor and LSI business competitiveness. It plans to continuously improve on-device functions like NPU performance improvement and model weight reduction. For image sensors, it will expand sales of high-pixel sensors and DDIs and will achieve growth, even in uncertain environments, as IT devices adopt more OLEDs.

The Foundry Business saw its earnings decline in the fourth quarter due to a delay in global economic recovery. Despite these challenges, it is actively developing 3nm and 2nm Gate-All-Around (GAA) technology and plans to expand into newly emerging application segments using advanced process technologies. Furthermore, the Foundry Business achieved its highest annual order backlog in 2023.

In the first quarter of the year, it expects the launch of new products including AI smartphones and AI PCs to drive an improvement in demand. However, the ongoing trend of customers reducing inventory may mean that earnings will not significantly recover. Nevertheless, the Foundry Business is focused on improving yield and optimizing the second-generation 3nm GAA process. It is also securing a 2nm AI accelerator order that includes HBM and advanced packaging.

As demand for smartphones and PCs gradually recovers in 2024, advanced processes are expected to drive an approach to 2022 levels in the foundry market. The Foundry Business will continue stable mass production of the 3nm GAA process, develop the 2nm process and increase orders for fast growing applications such as AI accelerators.

Mobile Display To Focus on Smartphones and IT/Auto; Large Display To Improve Profitability

SDC posted KRW 9.66 trillion in consolidated revenue and KRW 2.01 trillion in operating profit for the fourth quarter.

For the mobile display business, the market demand for smartphones increased slightly year-on-year. Despite facing multiple challenges during the quarter, SDC maintained its performance compared to the previous quarter by ensuring a timely supply for major customers’ new products and focusing on high-end products in its product mix.

For the large display business, although demand remained weak due to unfavorable economic conditions, SDC posted sales growth and reduced losses backed by year-end seasonal TV demand.

In the first quarter of 2024, SDC expects a decline in mobile display business earnings due to intensifying competition among panel manufacturers and muted seasonal demand.

For the large display business, despite challenges posed by weak demand and off-season effects, SDC will continue its efforts to reduce losses by launching new QD-OLED monitors and expanding its customer base.

In 2024, the market demand for smartphones is expected to be sluggish due to the global economic slowdown and prolonged regional conflicts. Nevertheless, SDC aims to focus on sales growth based on differentiated technology and capabilities in the smartphone market, particularly in the highly competitive high-end segment. It also intends to strengthen its future growth engines in the IT and Auto segments.

Although ongoing macroeconomic uncertainties pose challenges to the large display business, SDC expects TV demand to recover moderately, buoyed by upcoming sporting events. It will closely monitor market developments and work towards improving profitability by centering QD-OLED monitors in its product mix, enhancing production efficiency and adding capacity without additional investments.

MX Maintains Double-Digit Profitability, Will Become Global Standard for Mobile AI With Galaxy AI

The MX and Networks Businesses posted KRW 25.04 trillion in consolidated revenue and KRW 2.73 trillion in operating profit for the fourth quarter.

Market demand for smartphones increased slightly quarter-on-quarter, driven by the premium segment, despite continued inflation and geopolitical instability.

The MX Business reported a decline in sales and profit quarter-on-quarter due to lower smartphone sales, including the fading of new-product effects from flagship models launched in the third quarter. However, tablet shipments, led by new product releases, grew significantly and included healthy sales of premium products. Wearable devices also maintained sales momentum during the peak holiday season.

In the first quarter of 2024, smartphone market demand is expected to decline sequentially due to seasonality, but the premium segment is expected to grow year-on-year. Accordingly, the MX Business plans to leverage the newly launched Galaxy S24 series — which brings advanced AI capabilities and enhanced product competitiveness — to expand sales of flagship products. The MX Business will also continue to focus on operational efficiency.

In 2024, smartphone market demand is expected to rebound as consumer sentiment stabilizes in anticipation of a global economic recovery, leading to market growth, especially in the premium segment. Similarly, the tablet market is expected to recover, while the wearables market is forecasted to achieve double-digit value growth for smartwatches and slight value growth for True Wireless Stereo (TWS) devices.

The MX Business aims to lead the AI smartphone market by offering customers a differentiated experience through the integration of Galaxy AI in the S24 series, while also enhancing the user experience and optimizing Galaxy AI for foldable devices. Through these efforts, the MX Business aims to grow its annual flagship shipments at a double-digit rate and solidify its leadership in the foldable category.

In addition, the MX Business will continue to focus on sales of premium devices for tablets. For wearables, it will strive to elevate the Galaxy ecosystem experience, enhance wellness functions in smartwatches and increase the smartphone attach rate by integrating AI technologies.

Through these efforts, the MX Business aims to achieve revenue growth and ensure solid profitability by continuing to optimize resources amid unstable market conditions. Finally, the MX Business will strengthen R&D and investment in future growth areas such as generative AI, digital health and XR.

Visual Display and Digital Appliances To Lead the AI Era

The Visual Display and Digital Appliances Businesses posted KRW 14.26 trillion in consolidated revenue and KRW 0.05 trillion in operating losses in the fourth quarter.

Overall market demand for TVs increased quarter-on-quarter in the fourth quarter, led by seasonality, but declined year-on-year due to reduced consumption sentiments among advanced markets.

The Visual Display Business expanded its leadership in the premium market by focusing on selling high-value-added products — including Neo QLEDs, OLEDs, and Big TVs above 75″ to preemptively respond to high demand during the peak season, including Black Friday.

However, profitability decreased slightly on a quarter-on-quarter and year-on-year basis due to the stagnant TV market demand and increased costs amid intensified competition.

In the first quarter of 2024, overall TV demand is expected to decrease owing to seasonality, apart from the premium market, including Neo QLEDs, OLEDs, and Big TVs above 75″, where solid demand is projected.

The Visual Display Business will amplify the buzz created by launching new premium models announced at CES and its showcase event First Look and, in order to focus on sales of strategic products and securing profitability, take a more proactive approach to promoting differentiated products and service.

In 2024, replacement demand linked to global sporting events is expected to ease the decline in TV market demand gradually. However, uncertainties surrounding various macro factors are anticipated to continue.

The Visual Display Business aims to innovate its premium and Lifestyle products and diversify its lineup to meet various customer needs. Furthermore, it will lead the AI-screen era by continuing to introduce innovations in hyper-connectivity and customized content and services, powered by its next-generation AI processor and Tizen operating system.

• Consolidated Sales: Approximately 67 trillion Korean won
• Consolidated Operating Profit: Approximately 2.8 trillion Korean won

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

• Sales: 66 trillion to 68 trillion Korean won
• Operating Profit: 2.7 trillion to 2.9 trillion Korean won

※  2023 3Q and 2022 4Q consolidated figures based on K-IFRS are as follows

Samsung has been elevating what a PC can do and has been collaborating with Microsoft to create new, seamless connected experiences. Now, these experiences are being advanced further with new connectivity features that make the Galaxy Book4 series smoother, smarter, and more adaptable, reinforcing Samsung and Microsoft’s commitment to providing the best PC experience possible.

Experience Seamless Multidevice Connectivity with Microsoft Copilot

Using intelligent, intuitive AI capabilities, Microsoft Copilot¹ connects the Galaxy Book4 series with your smartphone to make them work seamlessly together. Microsoft Copilot empowers you to find, read or summarize text messages from your Samsung Galaxy phone and even automatically create and send messages on your behalf directly from your PC.

These capabilities mean you can let Copilot track down restaurant recommendations your friends have made in previous messages, search visitor reviews on your browser, then send a message to your partner to ask if they want to go for dinner that evening, all directly from your PC. Without having to turn on your phone and open each individual app, the Galaxy Book4 series lets you access smartphone functions and information faster and smarter.

With Microsoft Copilot, you can enjoy a seamless connectivity experience between devices that feels like using just one device, making managing daily tasks smoother and more efficient. As Microsoft Copilot progressively expands to handle more apps, the connected experience with other Samsung Galaxy devices is set to get more intelligent, powerful and convenient.

Transform Your Smartphone into a Powerful PC Camera

The rise of hybrid working means video conferencing has become the norm for collaboration. The Galaxy Book4 series now empowers you to turn your phone camera into a PC webcam², for example, letting you access Galaxy smartphones’ powerful cameras for video calls on virtual conferencing apps such as Microsoft Teams.

Thanks to the excellent image quality, you will feel fully present with your work colleagues, and you can switch freely between front and rear cameras with just a click to adapt to any setup. If you want to quickly change your frame to include the others in the room, get up and walk around while speaking or even just show your colleagues the view out the window, easy camera switching lets you stay mobile and flexible without needing to adjust your PC at all. You can also apply a variety of features from your phone to your call – including Background Blur and Auto-framing – that help focus your image in any environment, whether working in a busy coffee shop or communicating from a company boardroom.

This powerful, portable webcam functionality enhances any camera experience so users can enjoy both high-quality smartphone visuals and unrestricted PC productivity at the same time.

Through tight, ongoing collaboration between Samsung and Microsoft, more intelligent capabilities will continue to be made possible on the Galaxy Book4 series.

Plus, by pairing your Galaxy Book4 with other Galaxy devices beyond smartphones, you can take your PC experience even further. For example, you can use your Tab S9 Ultra as a monitor for your PC so you can maximize productivity and creativity with an extended screen. With Galaxy Buds2 Pro, your PC will provide superior sound with reduced latency so you can enjoy crystal-clear call quality or be fully immersed in a movie. With all these capabilities and more, the Galaxy Book4 series is designed to deliver the best PC experience possible.

To learn more about the Galaxy Book4 series, please visit www.samsung.com/galaxy-book.

¹ Users must link their phone to Galaxy Book4 through ‘Link to Windows’ on mobile and the Microsoft Phone Link App on PC and follow the set-up prompts. Galaxy smartphone must be OneUI 1.0 or above. Requires the same MS account to be used both on PC and Phone. Timing of feature and availability may vary by market and device.

² Users must link their phone to Galaxy Book4 through ‘Link to Windows’ on mobile and the Microsoft Phone Link App on PC and follow the set-up prompts. Galaxy smartphone must be OneUI 1.0 or above. Requires the same MS account, Wi-Fi network connection to be used both on PC and Phone. Availability may vary by device.

HARMAN, a wholly-owned subsidiary of Samsung Electronics, focused on connected technologies for automotive, consumer, and enterprise markets, today announced the acquisition of Roon, the music management, discovery, and streaming platform for music enthusiasts.

Roon is a music player platform for music enthusiasts, which features a rich interface for browsing and discovering music, compatibility with almost any audio device, and a playback engine designed to deliver the best possible sound. Roon is available for all popular operating systems and manufactures a line of hardware server appliances called Nucleus.

“At HARMAN we take great pride in our ability to create exceptional audio experiences for our partners and consumers around the world,” said Dave Rogers, President, Lifestyle Division, HARMAN. “The team at Roon shares our passion in bringing exceptional sound and connectivity to music lovers as they browse, discover, and listen at home and on the go. We are looking forward to welcoming Roon, whose impressive talent will join the HARMAN family and bolster our already robust engineering capabilities.”

Roon will operate as a standalone Harman business with its existing team. All Roon operations will stay in place and continue to be dedicated to serving and growing Roon’s community of device partners and customers, under a joint mission to deliver engaging and personalized audio experiences across a universe of products and platforms.

Aligned with its ‘work with all’ strategy, HARMAN is committed to growing Roon’s open device ecosystem which includes collaborating with more than 160 other audio brands, delivering audio to more than 1000 high-performance devices. Roon’s dedication to its loyal community and its exceptional UI/UX design expertise will continue to expand and flourish with the acquisition.

“Our team is ecstatic to join HARMAN, a visionary company that has been leading the audio industry forward for decades,” said Enno Vandermeer, CEO of Roon. “By combining forces with HARMAN, Roon gains the incredible scale, resources, and reach of a global technology leader, while maintaining our independence to invest in the business’s growth and future. We look forward to continuing to bring our advanced data management, SaaS expertise, and consumer engagement capabilities to our broad ecosystem of partners, as we join forces with HARMAN to deliver even greater audio experiences to our customers.”