DCD Magazine #62 - The coming wave
Will compute at sea sink or swim?
News - Business Operations, Samsung
The latest news from the AI, data center, telco, chip, and cloud sector
DCD Magazine #62 out now
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Dutch AI chip startup Euclyd raises $231 million in funding round co-led by Samsung
Former ASML CEO Peter Wennink has also joined as chairman of the board
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Samsung's quarterly profit up 1,814% on last year, cites ongoing demand for memory
Company says its memory business set “an all-time high for quarterly revenue and operating profit” in Q2
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Samsung forecasts YoY profit increase of 1,800% as company posts preliminary Q2 results
Samsung says it has more than doubled its quarterly sales from the previous year
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Samsung targets Q2 2028 for floating data center launch
Exploring partnerships around the world
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South Korea announces $919bn investment into three “mega projects,” plans to build 18.4GW worth of data centers by 2035
Ambitious plan aims to put the country at the forefront of the AI race
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Samsung and SK Hynix in discussions with South Korean government about future chip investments – report
Government official said announcement regarding new chip cluster expected soon
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ZutaCore secures $100m Series C funding to push liquid cooling tech
Company secures investment from Mitsubishi, Carrier, and Samsung
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Samsung and new firm M3 to develop floating data centers
Startup founded by engineers with floating server experience
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More than 30,000 Samsung workers take to the streets to demand greater share of AI profits
The rally foreshadows 18 days of planned strike action set to take place in May
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Samsung Electronics workers in South Korea vote in favor of strike action in May
Walkout comes almost two years after union carried out first-ever strike in company’s history
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Samsung and AMD sign MoU for AI memory collaboration and foundry partnership
Agreement with see Samsung supply AMD with HBM4 and DDR5 RAM for its forthcoming GPUs and CPUs
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Samsung and SK Hynix post record profits but warn memory chip shortages will likely persist into 2027
Consumer electronics customers already having to readjust purchase orders
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Samsung to build $295m data center in eastern South Korea
Facility to be built at former manufacturing plant
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Samsung and Hyundai announce domestic investments in AI just as South Korea finalizes tariff deal with the US
Seems to repackage previous announcements
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Nvidia to deploy more than 250,000 GPUs across South Korea, with Samsung, SK Group, and Hyundai all announcing AI factories
Government will also establish a National AI Computing Center
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Samsung SDS set to win bid to build South Korea’s National AI Computing Center – report
Cloud division of South Korean tech giant said to be only bidder
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AI chip company Groq raises $750m at $6.9bn valuation
Round was led by investment firm Disruptive
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Two data center MoUs signed at Korea-Vietnam Business Forum
LG and Samsung each sign deals
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US gov’t explores equity stakes in Intel and others to receive CHIPS Act funds
Commerce secretary says any such agreement would not see the government interfere with running of companies
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Immersion cooling firm GRC secures investment from Samsung Ventures
Details on amounts raised not shared
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Samsung co-CEO Han Jong-hee passes away
Jun Young-hyun will solely lead the company until a successor is found
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Samsung posts record-breaking annual revenue but forecasts “limited” Q1 ‘25 earnings due to weakness in semiconductor business
Second-highest annual revenue ever recorded by the company
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Samsung Q4 2024 results fall short of expectations, despite record-breaking memory sales
Comes as Nvidia CEO Jensen Huang says Samsung has struggled to develop HBM chips for AI
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Samsung SDS acquires site in South Korea for data center, appoints new CEO
Samsung SDS will purchase the land and auxiliary buildings for 21.5 billion won ($15.4 million)
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Samsung and Korea Southeast Power to develop fully integrated hydrogen-powered data center in South Korea
Will utilize a 900MW hydrogen plant and 300MW of battery energy storage to support the operations of a large-scale data center
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Samsung to cut executive-level jobs from chip division; moves upcoming Wafer Foundry Forum event to online only
Company is looking to streamline foundry business in wake of disappointing Q3 results
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Samsung issues apology ahead of Q3 2024 results; quashes foundry spin off rumors
Expected $6.8bn profits for quarter lower than company hoped for
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Samsung Electronics cuts global workforce again amid sliding market dominance
Latest layoff round to impact workers in Southeast Asia, Australia, and New Zealand