Second-highest annual revenue ever recorded by the company

Comes as Nvidia CEO Jensen Huang says Samsung has struggled to develop HBM chips for AI

Company has still yet to confirm a major customer for the site

Company is looking to streamline foundry business in wake of disappointing Q3 results

Expected $6.8bn profits for quarter lower than company hoped for

Latest layoff round to impact workers in Southeast Asia, Australia, and New Zealand

Information stolen was valued at $24.5 million

South Korean chip maker denies claims

Jun has been with the company for 24 years

First quarter revenue totaled $52.3bn

The deal will help South Korean cloud company Naver reduce its reliance on Nvidia hardware

The test was carried out at Samsung's R&D lab in Korea

Initial investments from the companies total around $471 billion - but derided as a "nothing burger" by analyst

The largest IPO since 2021

Big tech looks to keep the chip designer neutral

Hyundai will use the semiconductor designs in its cars

Made in China, designed in South Korea

Samsung Electronics CEO detailed plans in lecture at the Korea Advanced Institute of Science Technology

Buying into the chip dip

The plans are hypothetical, and mainly to ensure subsidy access

Samsung technical issues also delay high-end chips

Details are light, and talks may not lead anywhere

Which could be passed onto final product prices

Nvidia is conspicuously absent from the roster