Samsung Sees Smartphone and Tech Devices Demand Recovering in 2024 After Record Chip Loss

Samsung Sees Smartphone and Tech Devices Demand Recovering in 2024 After Record Chip Loss

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34 percent drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. The world’s biggest maker of memory chips said it expected mobile and PC makers…

Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report

Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report

Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung, and Intel – with the aim…

Indictment Details Former Samsung Executive’s Plan to Steal Company Secrets for Foxconn China Chip Factory

Indictment Details Former Samsung Executive’s Plan to Steal Company Secrets for Foxconn China Chip Factory

When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory in China, an indictment by South Korean prosecutors alleges. Prosecutors announced the indictment on June 12,…

Samsung Agrees to Pay $150 Million to Settle Patent Lawsuits Over LED Technology

Samsung Agrees to Pay $150 Million to Settle Patent Lawsuits Over LED Technology

Samsung Electronics has agreed to pay $150 million (roughly Rs. 1,237 crore) to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release…

Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy

Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy

Samsung Electronics flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker – a bellwether for global consumer…

Qualcomm Braces for Slowdown in Smartphone Demand to Hit Its Chip Business

Qualcomm Braces for Slowdown in Smartphone Demand to Hit Its Chip Business

Qualcomm forecast fourth-quarter revenue below estimates on Wednesday, bracing for difficult economic conditions and a slowdown in smartphone demand that could hit its mainstay handset chips business. The chip designer still surpassed expectations for adjusted revenue in the third quarter. Qualcomm’s forecast comes at a time when leading chipmakers including…

Indiaā€™s Attero Recycling to Spend $1 Billion by 2027, to Open Units in Poland, Ohio and Indonesia

Indiaā€™s Attero Recycling to Spend $1 Billion by 2027, to Open Units in Poland, Ohio and Indonesia

India’s largest electronics recycling firm Attero Recycling will spend $1 billion (roughly Rs. 7,765 crore) in the next five years and add plants in Poland, Ohio and Indonesia starting this year, its CEO told Reuters, aiming to tap into a global boom for electric vehicles. The World Bank-backed company, whose…