Samsung Electronics Says Macroeconomic Uncertainties Expected To Be High in 2024 but Company Will Embrace New Opportunities in AI
Han told shareholders the electronics giant would continue to make efforts to expand technological innovation in AI and new businesses for sustainable growth, reports Yonhap news agency.
Seoul, March 20: Samsung Electronics, the world's largest maker of memory chips, said on Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of artificial intelligence (AI).
"Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased through next-generation technological innovations, such as the full-scale AI era," Samsung Electronics Vice Chairman and CEO Han Jong-hee told an annual meeting of shareholders. Mustafa Suleyman Joins Microsoft AI: Microsoft CEO Satya Nadella Welcomes DeepMind Co-Founder as CEO of New AI Unit.
Han told shareholders the electronics giant would continue to make efforts to expand technological innovation in AI and new businesses for sustainable growth, reports Yonhap news agency. Indian IT Sector Projected To See Flat Salary Hikes Between 8.4% to 9% and Muted Hiring in 2024, Finance and Banking Sector To See Higher Increment: Reports.
Samsung Electronics plans to pay 9.8 trillion won (US$7.3 billion) worth of dividends for 2023, Han said. Last year, Samsung Electronics posted a net profit of 15.48 trillion won, down 72.2 per cent from a year earlier, hit by sluggish demand for semiconductor. Sales fell 14.3 per cent on-year to 258.93 trillion won last year.
(The above story first appeared on LatestLY on Mar 20, 2024 09:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).