Samsung
Samsung faces huge loss of $2.3 billion on chip
Samsung is one of the largest smartphone manufacturers, and on the other hand, the company is doing several other businesses in which the company has dominance as well, like appliances, construction and it is also the main supplier of components of electronics like AMOLED screens, and more, but there are shocking news coming in that the company has lost approximate 3 trillion won ($2.3 billion) from the memory chip business.
The 3 trillion loss only reflects the data of only two months, while according to the Gyenonngi-based chipmaker, the loss can be increased up to 4 trillion won by the end of the first quarter of this year. This loss will be the first major loss which is reported after the crash of the Lehman brothers, which brought about the economic crisis in the world.
According to the JoongAng Daily, last year, the chip division brought in 23.8 trillion won as profit which contributed more than half of the total profit generated by the company, i.e., 43.4 trillion won. Quarterly, the division’s operating profit came in at 8.5 trillion won in the first three months.
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Its a very unfortunate loss for the company, which is facing the DS (device solution) division, which is always considered as the treasure which always brings a great amount of profit every year, but due to the shortage of semiconductor chips, the prices have increased that hits hard at the end of the last year because it affects the main business which includes smartphones, consumer electronics, and displays.
According to the Market tracker TrendForce, DRAM prices will like to increase by 20% in the first quarter and will hike by 11 % in the next quarter, while those of NAND flash chips will see a decrease in price by 10% in the first quarter and 3 % in the next quarter.
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Moreover, the chip industry will be in the same condition throughout the year, but Samsung has taken some steps to overcome this situation; the company has borrowed 20 trillion from its subsidiary department, Samsung display. Which will help in funding the semiconductor investments
But here, the good thing is that Samsung is a very large company that has a very wide expansion of businesses that earns a lot of profit, so even if the memory chip decision incurs trillions of won, the overall balance will remain in profit due to its dominance in smartphones and appliances.
Samsung Electronics Canada is launching a new loyalty program for Canadians called ‘Samsung Rewards.’
The aim behind launching this Samsung Rewards program for Canadians is to earn points whenever they purchase qualifying Samsung products online. Interested parties can then compile points online for future Samsung product purchases.
Canadian Samsung Galaxy owners with a Samsung Account can easily enroll in the program and collect points with each qualifying purchase made on Samsung.ca or the Samsung Shop Application, earning 1 Samsung Reward Point for every $1 spent on eligible products. Points can be delivered towards a purchase of eligible products on Samsung.ca and the Samsung Shop App.
The Vice President of the Direct-to-Consumer Division, Samsung Canada, Krista Collinson, stated, “As retail shopping habits continue to evolve, Samsung is committed to growing with our customers so that they have the best possible experience.”
You can enjoy the exclusive benefits by just following these simple steps:
First, join Samsung Rewards by creating a free Samsung account and enrolling in the Samsung Rewards program. If you already have your account, then just sign up for Samsung Rewards through your Samsung account by using the email associated with your account.
Secondly, earn points when purchasing on Samsung.ca or in the Samsung Shop App and automatically receive points on every qualifying purchase.
At last, redeem your points, log in, and select Samsung Rewards for payment at checkout to get a discount using your points.
Samsung Electronics has unveiled its 2024 lineup at the Southeast Asia Tech Seminar in Bangkok on April 23–24. The new TVs feature AI-powered technologies that offer enhanced picture, sound, and customization.
Samsung’s Tech Seminar, which began in 2012, is designed to expose their latest technology and deliver exclusive product experiences. This coincides with their vision of “Screens Everywhere, Screens for All,” which suggests that they are promised to build innovative TVs with user-friendly features.
The recent 2024 Southeast Asia Tech Seminar in Bengkok follows a successful series kickoff in Frankfurt, Germany, this February, plus at this event and forthcoming seminars in regions; for instance, in Latin America, Samsung will introduce new TV and monitor technologies, as well as lifestyle products;
- Samsung’s 2024 Neo OLED 8K includes the latest NQ8 AI Gen 3 processor, which authorizes a vivid and more precise picture through its 512 neural networks—eight times as many as its predecessor—and it also offers features such as AI upscaling and motion improvement for the best Neo QLED 8K experience yet.
- The Music Frame is the latest lifestyle gadget that functions as a fram-shaped speaker. You can use it as a frame on the wall by inserting images into its replaceable photo frame.
- Samsung Knox, applied to Samsung TV, achieved a ‘Common Criteria’ certification, recognized by 31 countries this February as boosting TV security measures in terms of both software and hardware.
Regarding this, Yongjae Kim, the Executive Vice President of Visual Display Business at Samsung Electronics, stated that “We are not only showcasing the latest technologies that make our TVs stand out, but also our real efforts to better serve customers and our focus on protecting their information.”
The Korean giant ‘Samsung’ is setting up to introduce its mixed-reality headset by the end of this year.
When the Korean brand launches its device, it might encounter fierce competition from brands like ASUS, Lenovo, and even Microsoft. Meta has now made a significant move by renaming the Android-based operating system of its Quest MR/VR headset to Horizon OS.
Meta has opened up the operating system to third-party brands, and now Horizon OS will be used on MR/VR headsets from ASUS ROG, Lenovo, and Microsoft. ASUS is introducing several performance gaming headsets, whereas Lenovo is developing a mixed-reality headset for entertainment, learning, and productivity. Conversely, Meta is collaborating with Microsoft to launch a Quest headset that draws inspiration from Xbox.
Meta is expanding its strategy by making a two-pronged approach to boost its VR application ecosystem: first, by asking Google to bring the huge library of the Play Store to their Horizon OS; and second, by making it easier for developers to build VR applications by boosting active applications from Quest App Lab and offering new tools for smartphone app developers.
Although Samsung has already declared that it is actively working on an XR device with Google and Qualcomm, It is expected to use a version of Android optimized for mixed-reality headsets and a Qualcomm processor from the Snapdragon XR series.
It is reported that it could feature the Snapdragon XR2+ Gen 2 processor, a 4nm chip with an octa-core CPU, and a powerful Adreno 740 GPU that can drive two 4.3k screens at 90Hz. It can also support at least up to 12 cameras at the same time. It features 5G, Wi-Fi, and Bluetooth 5.3 for wireless connectivity.