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Samsung Reaches A $370 Billion Valuation, As Company Shows Signs Of Recovery In Memory Chips, Boosted Galaxy S24 Sales, More

NewsTech

Published:

Reading time: 1 min.

Image of Samsung's headquarters located in San Jose, California / Image Credits - William Tatham

Samsung experienced a tumultuous run in 2023, suffering from a slump in smartphone sales to lower demand for semiconductors, flash memory chips, and more. The worldwide leader in overall handset shipments also lost its top position to Apple too last year, but the Korean giant is making a strong comeback in 2024, with a new report stating that the company has reached a market capitalization of $370 billion. The last time Samsung peaked at this valuation was back in 2021, which only means that certain things are going the firm’s way. Strong demand for AI chips and improved smartphone sales […]

Read full article at https://wccftech.com/samsung-reaches-370-billion-valuation-due-to-multiple-factors/

WccftechContinue reading/original-link]

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