Search results for "Samsung"

Why Is Samsung Building a Semiconductor Factory in Texas? 

Samsung announced it will assemble a $17bn semiconductor factory in Texas, during the global shortage of chips used in phones, cars, and other electronic devices. The factory will be the South Korean company’s biggest North American asset and is expected to commence operation in the second half of 2024.  Real Reasons?  There are commercial reasons, […]

Ferrari Partners With Samsung to Develop In-Car Displays

Italian supercar maker Ferrari said on Tuesday it had signed a deal with Samsung Display to use its organic light-emitting diode (OLED) display panels in future car models. The South Korean company will develop “bespoke OLED technology display solutions” for the next generation of Ferraris, Chief Executive Benedetto Vigna said in a statement. The heads […]

Samsung Quarterly Profit Set to Hit 14-Year Low amid Chip Glut

Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown. The launch of a new flagship smartphone is expected to have supported mobile profits, but […]