Samsung Electronics and Samsung Display’s share acquisition is completed in Suzhou, China: TCL
On April 12, 2021, TCL Technology published its Q1 2021 performance forecast, which revealed that the profit of the first quarter is expected to be 3.05 billion to 3.42 billion yuan, an increase of 10.3 times to 11.6 times year-on-year, net profit attributable to the parent is 2.32 billion yuan -2.55 billion yuan, a year-on-year increase of 470%-520%.
The report also suggests that TCL Huaxing’s net profit increased by 15 times year-on-year, an increase of nearly 30% month-on-month. The shipment area has increased by 15% year on year, while the prices of major size products have continued to rise.
The net profit of the large-size business has increased compared with the fourth quarter of 2020. Meanwhile, in the small size field, the t3 production line is fully sold and fully produced, and the t4 flexible AMOLED production line is expanded as planned.
On the basis of the significant increase in the fixed cost of the new production line expansion, the company has achieved operating benefits year-on-year through product structure optimization and extreme operation management improvement.
The company also accelerates the development of IT, automotive, and other products and customers in the mid-size field, and improves the product matrix and business system in the full-size field.
Aside from this, TCL Technology’s Announcement pointed out that its acquisition of 60% equity of Suzhou Samsung Electronics LCD Technology Co., Ltd. and 100% equity of Suzhou Samsung Display Co., Ltd. has been completed.
Completion of the settlement, starting to contribute revenue and benefits to the company from the second quarter of 2021. The completion of the company’s acquisition of 100% equity in Maojia International is progressing as planned, and it has not been included in the company’s consolidated statements during the reporting period.
| Via |
Samsung launched Music Frame WICKED Edition in the UK. The company has also announced its partnership with Universal Pictures. The Limited Edition Music Frame is available in the UK through the official online store and select retail locations.
Music Frame is Samsung’s customizable Wi-Fi and Bluetooth-enabled speaker designed to blend seamlessly into any environment. The special edition Music Frame brings three WICKED photo cards, including an exclusive image, and a unique WICKED bezel.
Buyers can also customize their Music Frame with different photo cards, as well as play music from their mobile device or link to a smart TV with Q-Symphony.
The WICKED Music Frame campaign will be supported across Samsung’s full ecosystem across Digital, Social, CRM, and Samsung’s experience stores.
The campaign showcases the power of Samsung’s unique technology – a combination of art and technology to offer consumers a personalized and immersive audio experience.
The Movie IP partnership will also be extended into retail partners featuring 8k and 4k trailer content, as well as Soundbar experiences with tracks from the soundtrack.
WICKED is the untold story of the witches of Oz, starring Emmy-, Grammy- and Tony-winning powerhouse and Oscar nominee Cynthia Erivo (Harriet, Broadway’s The Color Purple) as Elphaba, a young woman misunderstood because of her unusual green skin who has yet to discover her true power, and Grammy-winning, multi-platinum recording artist and global superstar Ariana Grande as Glinda, a popular young woman gilded by privilege and ambition who has yet to discover her true heart. Their extraordinary adventures in Oz will ultimately see them fulfill their destinies as Glinda the Good and the Wicked Witch of the West.
Samsung could pack the Galaxy Z Flip FE and Z Flip 7 with Exynos processors. The company could launch its first affordable foldable phone next year. The device could get a different camera and processor from the Galaxy Z Flip 7.
Leaker Jukanlosreve revealed that Samsung could use the Exynos 2400e in the Galaxy Z Flip FE and Exynos 2500 in the Galaxy Z Flip 7. The former Exynos variant powers the Galaxy S24 FE, while the Exynos 2500 is an upcoming product.
Samsung previously intended to use Exynos 2500 in the Galaxy S25 series. However, the chip has a major performance difference from its Snapdragon counterpart. This led the company to solely rely on the Snapdragon 8 Elite for the S25 series.
Exynos 2500 is being manufactured using Samsung Foundry’s 3nm process node. The yield rate is quite low (around 20%), which is far from the production threshold. However, Samsung chose the path to produce the chip at such a low yield rate.
Exynos 2400 has proven to be a decent chip with no frustrating flaws. The Exynos 2400e could be used in the Z Flip FE. The “e” model could be made using IPoP (Integrated Package on Package) tech, which is cheaper than the standard method.
Recently, a Korean media outlet reported that Samsung Foundry has started mass production of a 3nm Exynos 2500 chip. It was initially intended to be used in the S25 and S25 Plus, but issues pushed it towards the second-half debut in the Z Flip 7.
New York became the first US state to bring retail consumer rebates for appliances under the Inflation Reduction Act. Applauding the move, Samsung launched a huge energy-saving opportunity for the residents of New York.
Samsung started offering up-front discounts to consumers statewide through New York’s IRA HEAR program. Consumers can now access IRA’s Home Electrification and Appliance Rebate (HEAR) program.
IRA HEAR rebate program advantages
- Save up to $840 on Samsung’s innovative ENERGY STAR products, including laundry appliances like heat pump dryers and all-in-one combo washers + heat pump dryers.
Visit Samsung’s home appliance page to learn more about the options available.
Samsung said this is just the beginning of its rebates journey in New York. The company looks forward to working with partners to expand these retail rebates to more products and in more states across the United States.
Pay attention, the IRA provides rebates and tax credits to households across America. New York is leading the way in providing direct retail point-of-sale appliance rebates, supporting an affordable clean energy transition.
Inflation Reduction Act
Signed in August 2022, the Inflation Reduction Act is the single largest investment in climate and energy in American history.
It provides home appliance rebates for discounts on electric energy-efficient appliances like Induction cooktops, ranges, and heat pump laundry appliances.