Samsung in talks to hike chipmaking prices by up to 20%
2 years, 7 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after Taiwan Semiconductor Manufacturing Co. TSMC has forecast an up to 37% jump in current-quarter sales, saying it expects chip capacity to remain very tight this year amid a global chip crunch that has kept order books full and allowed chipmakers to charge premium prices. Samsung said in an earnings call in late April that major customers' demand for its chip contract manufacturing was greater than its available capacity, and it expected the supply shortage to continue.

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History of this topic

Samsung reports 'major' progress in supply deal for AI chips
1 month, 3 weeks ago

Samsung reports 'major' progress in supply deal for AI chips

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Samsung posts a 15-fold increase in operating profits in last quarter
4 months, 3 weeks ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’
5 months, 2 weeks ago

Global chip shortage likely as Samsung workers plan to strike ‘indefinitely’

Hindustan Times  

Samsung Electronics Co.’s labor union of 28,000-plus workers has declared an indefinite strike escalating a dispute with South Korea's biggest company. The move threatens production at the world’s largest maker of memory chips and comes after thousands of workers rallied outside Samsung’s chipmaking complexes south of Seoul marking a three-day walkout demanding better pay. Members of the National Samsung Electronics …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
7 months, 3 weeks ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung overtakes Apple as top smartphone maker in Q1 2024
8 months, 1 week ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Samsung sees tech devices demand recovering in 2024 after record chip loss
10 months, 3 weeks ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Taiwan says awaiting U.S. announcement on China chip waver extension
1 year, 2 months ago

Taiwan says awaiting U.S. announcement on China chip waver extension

The Hindu  

Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Mei-hua said on Thursday. South Korea's government said this week that Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their China …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 2 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Asia Takes Centre Stage As Nanometer Chips Redefine Semiconductor Sector
1 year, 6 months ago

Asia Takes Centre Stage As Nanometer Chips Redefine Semiconductor Sector

ABP News  

Nanometer chips, particularly those under 10nm, are revolutionising the semiconductor industry and as the semiconductor landscape continues to evolve, there is a shift in the industry's centre of gravity towards Asia, a report said on Monday. Taiwan's chipset giant TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and has made new additions to its 3nm family. …

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members
1 year, 8 months ago

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members

India TV News  

Samsung business news : Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown. The pay raise is lower than the 9 per cent wage hike of the previous year, …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Here’s why Samsung may cut smartphone shipments in 2023
2 years, 1 month ago

Here’s why Samsung may cut smartphone shipments in 2023

Live Mint  

Samsung is reportedly planning to cut its smartphone shipments in the year 2023. According to a report from Taiwan Economic Daily, the company may reduce its smartphone shipments by 13% next year. Samsung, as per the report, was able to raise its market share in smartphone shipments during the third quarter this year compared to the second quarter. Samsung’s rival …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 1 month ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 2 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing
2 years, 3 months ago

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing

The Hindu  

When it comes to making chipsets, there is Taiwan Semiconductor Manufacturing Company and Samsung, and the rest. The Taiwanese firm was running at full capacity to meet demand for chips globally as the world faced a semiconductor shortage. Between the two, the Taiwanese firm controls over half of global foundry manufacturing. TSMC’s latest revenue numbers comes at a time when …

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more
2 years, 4 months ago

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more

India TV News  

Samsung Electronics held a groundbreaking ceremony for its new semiconductor research and development complex in Seoul, in a move to bolster its global leadership in cutting-edge chip technology. Samsung plans to invest around 15.06 billion USD by 2028 for the 109,000-square-meter complex within its Giheung campus in Yongin, which is 50 km from the south of Seoul. The ceremony drew …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 5 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 5 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency
2 years, 5 months ago

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency

Firstpost  

Samsung has become the first SoC manufacturer to break into the 3nm chips, which promises huge performance and efficiency gains, going up to 50 per cent. While chip designers and manufacturers like Apple, Qualcomm and TSMC have aced the 4nm, 5nm & 6nm processors for some time now, Samsung has just made the world’s first 3-nanometer chips. Samsung said the …

Samsung starts chip production with 3-nanometre technology
2 years, 5 months ago

Samsung starts chip production with 3-nanometre technology

The Hindu  

Samsung Electronics said on Thursday that it has started chip production using its 3-nanometre technology, implemented for the first time ever globally. Compared to the 5nm process, the first-generation 3nm process can reduce power consumption by up to 45%, improve performance by 23% and reduce area by 16%, the semiconductor maker noted in a statement. Samsung explained that its proprietary …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 5 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung’s phone production to take a major hit this year, will be producing 30 million units less
2 years, 6 months ago

Samsung’s phone production to take a major hit this year, will be producing 30 million units less

Firstpost  

Samsung had forecasted that in 2022, they will be making about 310 million smartphones. Samsung has apparently informed its production partners and distributors that it plans on shipping only 280 million smartphones this year, as opposed to the previous forecast of 310 million units. However, South Korean investment analysts also allege, that there is a strong possibility that Samsung may …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 7 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 7 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage
3 years, 1 month ago

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage

Firstpost  

Samsung has said it will start building the brand-new semiconductor plant in Austin, Texas next year and hopes to begin operations in the second half of 2024. Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “You’re clearly seeing some …

Samsung says it will build $17B chip factory in Texas
3 years, 1 month ago

Samsung says it will build $17B chip factory in Texas

Associated Press  

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure, said Samsung Vice Chairman Kinam Kim, …

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint
3 years, 3 months ago

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint

Live Mint  

NEW DELHI: Smartphone sales to end users worldwide grew 10.8% year-on-year in the second quarter of 2021, despite component shortages and supply constraints. According to a report by market research firm Gartner, sales to end users totaled 328.8 million in the second quarter. The firm noted that while the second wave of covid-19 infections affected sales in markets like India …

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs
3 years, 3 months ago

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs

Firstpost  

The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term. Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs. …

Intel reiterates chip supply shortages could last several years
3 years, 6 months ago

Intel reiterates chip supply shortages could last several years

The Hindu  

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas,including consumer electronics. "But while the industry has taken steps to address near term constraints it could still take a couple of years for …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

Chips are in short supply. Manufacturers are spending big to prevent a repeat
3 years, 7 months ago

Chips are in short supply. Manufacturers are spending big to prevent a repeat

CNN  

New Delhi CNN Business — As the world grapples with a shortage of semiconductors, South Korea’schipmakers are spending huge amounts of money to shore up their production in the decade ahead. The announcement Thursday from co-CEO and Vice Chairman Park Jung-ho at a government event “demonstrated his strong will that SK Hynix will devote to stabilize the global semiconductor supply …

Chipmaker TSMC approves fund for capacity expansion
3 years, 8 months ago

Chipmaker TSMC approves fund for capacity expansion

The Hindu  

Taiwan Semiconductor Manufacturing Co's board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular. In a brief statement, the world's largest contract chipmaker said its board had approved the spending "for the purpose of installing mature technology capacity". The company this month said …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage
3 years, 8 months ago

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage

CNN  

Hong Kong CNN Business — Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, announced Thursday that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and of advanced …

The semiconductor shortage is still hurting Samsung, Honda and Volkswagen
3 years, 9 months ago

The semiconductor shortage is still hurting Samsung, Honda and Volkswagen

CNN  

Hong Kong CNN Business — The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn of sustained disruption. “We continue to manage a number of supply chain issues related to the impact from Covid-19, congestion at various ports, the microchip shortage and severe winter weather over the past …

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip
3 years, 9 months ago

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip

News 18  

Samsung Electronics recently won a project for Google parent Alphabet’s autonomous driving unit Waymo to develop chips for next-generation self-driving cars, South Korean media reported on Monday. Samsung will develop a chip that computes data collected from various sensors installed in autonomous vehicles or centrally controls functions by exchanging information with Google data centres in real time, South Korean newspaper …

Samsung dominates 2020 foldable smartphone market: Report
3 years, 9 months ago

Samsung dominates 2020 foldable smartphone market: Report

India TV News  

Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million …

Samsung considers four sites in U.S. for $17 bln chip plant
3 years, 9 months ago

Samsung considers four sites in U.S. for $17 bln chip plant

The Hindu  

Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials. The tech giant is Samsung is in talks with the sites at Arizona and New York, with each offering property tax abatement and "significant …

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products
4 years ago

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products

News 18  

India’s northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea’s Samsung Electronics to set up a Rs 48.25 billion display factory. Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship drive to make …

Samsung Electronics to halt production at its last computer factory in China
4 years, 4 months ago

Samsung Electronics to halt production at its last computer factory in China

Live Mint  

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported …

Samsung expects smartphone demand to drive second half earnings
4 years, 4 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 5 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

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