Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
TT

Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)

South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo Ho.

Bac Ninh authorities and Samsung Display on Sunday also signed a memorandum of understanding of the project, local media reported, adding the investment would raise Samsung's total investment in Bac Ninh to $8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies.

According to Choi, Samsung has established six manufacturing plants, one research and development center, and one sales entity in Vietnam, with a cumulative investment of $22.4 billion.



Tencent's Quarterly Revenue Rises 13% on Gaming, AI Demand

FILE PHOTO: Tencent's logo is displayed at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: Tencent's logo is displayed at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. REUTERS/Maxim Shemetov/File Photo
TT

Tencent's Quarterly Revenue Rises 13% on Gaming, AI Demand

FILE PHOTO: Tencent's logo is displayed at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: Tencent's logo is displayed at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. REUTERS/Maxim Shemetov/File Photo

Tencent Holdings reported a 13% increase in fourth-quarter revenue on Wednesday, driven by strong demand for gaming and growth in its artificial intelligence services, cementing its position as China's largest social media and gaming company.

The Shenzhen-based firm posted revenue of 194.4 billion yuan ($28.3 billion) for the three months to December 31, just above the 193.5 billion yuan forecast by analysts polled by LSEG.

Quarterly net profit was 58.26 billion yuan, compared with an average estimate of 57.75 billion yuan.

Tencent has been accelerating AI ⁠investments funded by ⁠its gaming arm as it competes with rivals including Alibaba and ByteDance.

The company is embedding AI across its WeChat messaging and payment app, cloud services and gaming, drawing on an ecosystem of more than one billion users.

Domestic gaming revenue rose 15% to 38.2 billion yuan, while international gaming revenue surged ⁠32% to 21.1 billion yuan. Online advertising revenue climbed 17% to 41.1 billion yuan, boosted by AI-enhanced ad targeting.

Gaming growth was driven by newer titles including "Delta Force" and "Valorant Mobile", alongside established hits "Honor of Kings" and "Peacekeeper Elite".

Revenue in its FinTech and Business Services segment, which includes cloud computing, rose 8% to 60.8 billion yuan. Tencent does not break out cloud revenue separately.

To compete with rivals such as Alibaba Group and ByteDance, Tencent ramped up AI talent acquisition, including hiring ⁠former OpenAI ⁠researcher Yao Shunyu to lead the development of its proprietary Hunyuan large language model.

It spent 1 billion yuan promoting its Yuanbao AI chatbot during the Lunar New Year holiday period to gain market share in China's increasingly crowded AI sector, Reuters reported.

This month, it launched its "OpenClaw" AI product suite, comprising QClaw for individual users, Lighthouse for developers and WorkBuddy for enterprises, as competition intensifies around AI agents - software that can perform multi-step tasks autonomously.

Capital expenditure for 2025 totaled 79.2 billion yuan, compared to 76.8 billion yuan in 2024.


Samsung Elec and AMD Sign MoU on AI Memory, Explore Foundry Partnership

FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo
TT

Samsung Elec and AMD Sign MoU on AI Memory, Explore Foundry Partnership

FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo

Samsung Electronics and Advanced Micro Devices (AMD) signed a memorandum of understanding to expand their strategic partnership on memory chip supplies for artificial intelligence infrastructure, the companies said on Wednesday.

The agreement will focus on supplying Samsung's next-generation high-bandwidth memory (HBM4) for AMD's upcoming Instinct MI455X AI accelerators, as well as optimized DDR5 memory for AMD's sixth-generation EPYC processors, they said in a statement.

The companies will also discuss opportunities for a foundry partnership, under which Samsung could provide contract chip manufacturing services ⁠for next-generation AMD ⁠products.

Under the agreement, Samsung will position itself as a key HBM4 supplier for AMD's next-generation AI GPUs, Reuters reported. The South Korean firm has already been a primary HBM supplier for AMD, supplying HBM3E chips used in AMD's MI350X and MI355X accelerators.

The ⁠agreement comes during the week of Nvidia's annual developer conference GTC, where CEO Jensen Huang on Monday announced a foundry partnership with the Korean firm and praised its HBM4 chips.

The tie-up highlights a broader race among global chipmakers to lock in long-term supply partnerships for advanced memory, as AI-driven demand reshapes the semiconductor industry and tightens supply of HBM chips.

Last month, AMD said it had agreed ⁠to sell ⁠up to $60 billion worth of AI chips to Meta Platforms over five years, a deal that allows the Facebook owner to purchase as much as 10% of the chips. AMD signed a similar deal with OpenAI last year.

Samsung, the world's largest memory chipmaker, has been seeking to narrow the gap with rivals in the fast-growing HBM segment. It holds about a 22% share of the global HBM market, compared with market leader SK Hynix's 57%, according to Counterpoint.


Nvidia Making AI Module for Outer Space

Nvidia CEO Jensen Huang says artificial intelligence powered by the company's graphics processing units is quickly infusing nearly everything from Disney character robots to data centers that may one day be orbiting the planet. JOSH EDELSON / AFP
Nvidia CEO Jensen Huang says artificial intelligence powered by the company's graphics processing units is quickly infusing nearly everything from Disney character robots to data centers that may one day be orbiting the planet. JOSH EDELSON / AFP
TT

Nvidia Making AI Module for Outer Space

Nvidia CEO Jensen Huang says artificial intelligence powered by the company's graphics processing units is quickly infusing nearly everything from Disney character robots to data centers that may one day be orbiting the planet. JOSH EDELSON / AFP
Nvidia CEO Jensen Huang says artificial intelligence powered by the company's graphics processing units is quickly infusing nearly everything from Disney character robots to data centers that may one day be orbiting the planet. JOSH EDELSON / AFP

Nvidia chief Jensen Huang on Monday said the leading artificial intelligence chip maker is heading for space with a goal of powering orbiting data centers.

An Nvidia graphics processing unit (GPU) was launched into space late last year by startup Starcloud in what was touted as an off-planet debut for the technology, but now Nvidia is creating a module intended as a building block for data centers there.

"We're working with our partners on a new computer called Vera Rubin Space One," Huang said as he kicked off the GPU-maker's annual developers conference in Silicon Valley.

"It's going to go out to space and start data centers."

Partners in the project include Starcloud, which is planning a November satellite launch that will mark the "cosmic debut" of the new Nvidia module.

A Starcloud-1 satellite, about the size of a small refrigerator, is expected to be packed with 100 times more computing power than any previous space-based operation.

"In 10 years, nearly all new data centers will be being built in outer space," predicted Starcloud co-founder and chief Philip Johnston.

The startup explained that it plans to power Google AI with the Nvidia GPUs to show that large language models can run in outer space.

Nvidia described the Vera Rubin module as being optimized for AI, enabling real-time sensing, decision making, and autonomous functioning.

"Space computing, the final frontier, has arrived," Huang said.

"With our partners, we're extending Nvidia beyond our planet - boldly taking intelligence where it's never gone before."

Tech firms are floating the idea of building data centers in space and tapping into the sun's energy to meet out-of-this-world power demands in a fierce artificial intelligence race.

More than a dozen startups, aerospace leaders, and major tech firms are involved in the development, testing, or planning of space-based data centers.

The big draw of space for data centers is power supply, with the option of synchronizing satellites to the sun's orbit to ensure constant light beaming onto solar panels.

Building in space also avoids the challenges of acquiring land and meeting local regulations or community resistance to projects.

Critical technical aspects of such operations need to be resolved, however, particularly damage to the orbiting data centers from high levels of radiation and extreme temperatures, and the danger of them being hit by space junk.