Latest news with #LGElectronics
India.com
19 hours ago
- Business
- India.com
Samsung Seeks Turnaround In HBM In Biannual Strategy Meetings: Report
Seoul: Samsung Electronics is seeking ways to regain its footing in the premium high bandwidth memory (HBM) sector after losing its leadership position during executive-level meetings focused on business strategies for the second half of the year. The biannual meetings, held from Tuesday over a three-day span, were led by division heads and covered regional and business-specific challenges, as well as sales strategies and performance goals for the coming months, reports Yonhap news agency. During Wednesday's session hosted by its key semiconductor division, discussions centred on HBM sales strategies and production schedules, as the memory chips continue to see surging demand driven by the recent boom in generative artificial intelligence (AI), according to sources. Samsung Electronics' HBM chips have reportedly struggled to pass Nvidia Corp.'s quality tests, preventing the company from joining the global HBM supply chain, which is currently dominated by Nvidia, SK hynix Inc. and TSMC. As a result, Samsung Electronics was overtaken by rival SK hynix in global DRAM market share for the first time in the first quarter of this year. According to the data from global market research firm Omdia, SK hynix's market share rose 36.9 percent in the first quarter of this year, overtaking Samsung Electronics, whose share dropped to 34.4 percent. The company also reviewed its plan to begin mass production of next-generation HBM4 in the second half of the year, a move the company hopes will be a game-changer in reclaiming its competitive edge. Meanwhile, LG Electronics said on Sunday it will install large light-emitting diode (LED) digital displays at Roig Arena, a new indoor multipurpose facility in Spain, as part of its effort to expand its global sports entertainment business. The company plans to install a massive exterior LED screen, dubbed "The Eye," as well as a central scoreboard, a 76-meter-long main display and an LED ribbon screen encircling the interior of the stadium. Roig Arena, designed to host a variety of events, including sports and entertainment, is currently under construction and is expected to open in September. It will serve as the new home for the Valencia Basket team. LG Electronics has been expanding its footprint in the global commercial display market by supplying large digital signage to sports venues worldwide, particularly in the United States and Europe.
Hans India
19 hours ago
- Business
- Hans India
Samsung seeks turnaround in HBM in biannual strategy meetings: Report
Seoul: Samsung Electronics is seeking ways to regain its footing in the premium high bandwidth memory (HBM) sector after losing its leadership position during executive-level meetings focused on business strategies for the second half of the year. The biannual meetings, held from Tuesday over a three-day span, were led by division heads and covered regional and business-specific challenges, as well as sales strategies and performance goals for the coming months, reports Yonhap news agency. During Wednesday's session hosted by its key semiconductor division, discussions centred on HBM sales strategies and production schedules, as the memory chips continue to see surging demand driven by the recent boom in generative artificial intelligence (AI), according to sources. Samsung Electronics' HBM chips have reportedly struggled to pass Nvidia Corp.'s quality tests, preventing the company from joining the global HBM supply chain, which is currently dominated by Nvidia, SK hynix Inc. and TSMC. As a result, Samsung Electronics was overtaken by rival SK hynix in global DRAM market share for the first time in the first quarter of this year. According to the data from global market research firm Omdia, SK hynix's market share rose 36.9 percent in the first quarter of this year, overtaking Samsung Electronics, whose share dropped to 34.4 percent. The company also reviewed its plan to begin mass production of next-generation HBM4 in the second half of the year, a move the company hopes will be a game-changer in reclaiming its competitive edge. Meanwhile, LG Electronics said on Sunday it will install large light-emitting diode (LED) digital displays at Roig Arena, a new indoor multipurpose facility in Spain, as part of its effort to expand its global sports entertainment business. The company plans to install a massive exterior LED screen, dubbed "The Eye," as well as a central scoreboard, a 76-meter-long main display and an LED ribbon screen encircling the interior of the stadium. Roig Arena, designed to host a variety of events, including sports and entertainment, is currently under construction and is expected to open in September. It will serve as the new home for the Valencia Basket team. LG Electronics has been expanding its footprint in the global commercial display market by supplying large digital signage to sports venues worldwide, particularly in the United States and Europe.
Economic Times
4 days ago
- Business
- Economic Times
LG Electronics is said to consider resuming IPO of Indian unit
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. ADVERTISEMENT The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. An LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. ADVERTISEMENT Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
4 days ago
- Business
- Mint
LG India IPO: Company looks to resume public offer plans amid Indian stock market rebound
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline.
Time of India
4 days ago
- Business
- Time of India
LG Electronics is said to consider resuming IPO of Indian unit
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. An LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. Live Events LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline.
