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Some big stove makers are betting on an electromagnetic future, developing models that companies say can cook much faster than traditional gas and electric versions. Manufacturers of GE, Viking and other stove brands have been expanding their lineups of induction ranges and cooktops, electric appliances that use a magnetic field to heat pots and pans in what the companies bill as a speedy, precise and energy-efficient manner. Induction models have been around for decades, but command a fraction of the overall…

Samsung Electronics Co. on Wednesday unveiled its newest flagship Galaxy S23 phones, which have a monster camera in the top model and other more modest improvements it hopes will attract buyers when smartphones are a harder sell. The South Korean electronics giant unveiled the products at a live Unpacked event in San Francisco. The company has largely settled into a consistent design and feel for its main line of smartphones, saving its folding-screen technologies for its Galaxy Z…

SEOUL— Samsung Electronics Co. expects demand for semiconductors and smartphones to remain sluggish as macroeconomic challenges and fears of a recession continue to hurt sales, but it said a recovery could be possible in the second half.Economic uncertainties are weakening momentum for any short-term rebound in demand for memory chips, Samsung’s main cash cow, said Kim Jae-june, executive vice president for global sales and marketing at the company’s memory business, in an earnings call…

SEOUL—Memory-chip prices, which dropped steeply over the past year, are expected to keep falling in the first half of 2023, putting more pressure on an industry that has already cut investments and jobs.Average prices for the two main types of memory chips used in everyday electronics—from smartphones to personal computers and TV sets—are projected to experience double-digit percentage declines this quarter, industry analysts say. That comes after prices dropped by more than 20% in the last three months of 2022 from the…

SEOUL— Samsung Electronics Co. said it expects its fourth-quarter profit to plunge as the firm’s mainstay memory-chip and smartphone businesses face a sharp pullback in demand, showing the extent of the global tech downturn after pandemic highs.The South Korean tech giant on Friday forecast its operating profit in the quarter ended Dec. 31 to drop by 69% from the prior year to 4.3 trillion won, the rough equivalent of $3.4 billion. Revenue for the October-December quarter is expected to…

Samsung’s estimated results were far below market forecasts. Photo: SeongJoon Cho/Bloomberg News…

SUWON, South Korea—Samsung Electronics Co.’s consumer-gadgets chief expects tech demand to remain sluggish as high inflation, rising interest rates and a strong dollar weigh on sales.Han Jong-hee, vice chairman and co-CEO of the South Korean technology company, said he hoped the current industry downturn, which has pulled Samsung back from a run of record profits, will begin to improve in the second half of the year. While the demand slump poses ongoing challenges for the company, Mr. Han said…

SUWON, South Korea— Samsung Electronics Co.’s consumer gadgets chief expects demand for tech gadgets to remain sluggish through this year as high inflation, rising interest rates and a strong dollar weigh on sales.Han Jong-hee, vice chairman and co-CEO of the South Korean technology company, said he hoped the current industry downturn, which has pulled Samsung back from a run of record profits, will begin to improve in the second half of the year. While the demand slump poses ongoing…

A marquee roster of investors from Silicon Valley and Wall Street swarmed FTX. They invested nearly $2 billion with few strings attached and no oversight on the cryptocurrency exchange’s board, promoting it as a safe bet. Now the backers are nursing a high-profile black eye as the three-year-old company—valued at $32 billion at its peak—teeters. Venture-capital firm Sequoia Capital said on Wednesday it is writing a $150 million investment one of its funds had in FTX down to zero because of solvency risk.…

Some of the biggest names in sports and entertainment have either invested in FTX or been brand ambassadors for the company. A number of them told their social media fans about FTX. The company’s struggles this week expose the problems of being associated with it. FTX paused customer withdrawals earlier this week after it was hit with roughly $5 billion worth of withdrawal requests on Sunday, according to a Thursday morning tweet from FTX Chief Executive Sam Bankman-Fried. The crisis forced FTX to scramble…