Samsung
Samsung could cut production at its biggest money-making business
Semiconductor Division of Samsung Electronics is known as its biggest money-making business, which could get a strategic production cut. However, the company is likely to post deficits of billions of won in the first quarter of this year amid weakening memory chip prices and higher inventories.
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According to the regulatory filing to DART by Samsung, its inventory assets reached an all-time high of 52.2 trillion won ($39.9 billion) as of the fourth quarter of last year, compared with last year’s 41.4 trillion won.
The South Korean tech titan’s chip business division accounted for the lion’s share of the total figure, with 29.1 trillion won in the same year, up nearly 12.6 trillion won from the same period tallied in 2021, the data showed.
Pent-up demand during the pandemic for home appliances, including TVs, has lost momentum, and aggressive rate hikes in major economies have significantly weakened consumer spending power.
This situation, on top of the inventory surge, has resulted in a sharp drop in chip prices. Market watchers believe the prices of PC DRAM and NAND memory chips are reportedly getting closer to their costs.
- KB Securities forecast the prices of DRAM and NAND chips will drop by a further 19 percent and 18 percent, respectively, in the January-March 2023 period.
While falling chip prices and soaring inventories affect Samsung’s earnings, the company is expected to take a turn into the red in this first quarter, logging operating losses of between 1.91 trillion won and 4.47 trillion won, reports FnGuide.
Despite witnessing a sharp drop in chip profits, Samsung maintains it will not be “artificially” cutting output and will keep up investment in its chips business. However, it has hinted at the possibility of a “natural” reduction through process conversion.
At Wednesday’s shareholder’s meeting, the company shared a downbeat forecast for its chip business this year but said it will continue to invest to secure clean rooms and technology advances in its efforts to “turn misfortune into advantage.”
“We will be flexible in executing infrastructure investment given volatile market conditions. We’re also planning to enhance our investment efficiency and improve the corporate structure.” Said Lee Jung-bae, president of Samsung’s device solution division.
Samsung and SK Hynix might reduce their production further to prevent soaring inventory assets and boost semiconductor prices. Market watchers say that reducing supply is the way to accelerate rebound in their chip businesses.
Samsung has rolled out a new update for its Checkout app with version 5.0.76.5. This update makes the app better and fixes some issues for a smoother experience.
The latest version fixes bugs that were present in earlier versions. You can expect fewer glitches and a smoother experience when using the app for your transactions. With these fixes, the app should be more reliable, making your payment process quicker and easier.
Besides fixing issues, the latest update also includes enhancements that make the app run better. These improvements make the app more user-friendly and useful. However, there are no new features or changes noted but the update will surely provide a better experience.
Samsung Checkout is a useful app for managing your payments and transactions. It is a billing application for purchasing paid content from Samsung Content services. By updating to this latest version, you’ll benefit from these performance boosts and fixes.
It’s important to keep your apps updated, as updates not only bring new features but also ensure that the app runs smoothly and securely. To install this update, you just need to open the Galaxy Store, then tap on the Menu icon, and click on the Updates option.
Alternatively, you can download the update through the third-party app link mentioned here.
Galaxy S25 Ultra could be Samsung’s sleekest Ultra flagship in years. The company could introduce the device in January 2025. Meanwhile, a Samsung leaker just exposed the design dimensions of the Galaxy S25 Ultra.
According to Ice Universe, the Galaxy S25 Ultra could have 162.8mm in height, 77.6mm in width, and 8.2mm in thickness. It means the device will look slightly larger than the S24 Ultra whereas the thickness and width will be lower.
Leaker Onleaks is about to reveal the Galaxy S25 Ultra design. A blurred image is already live on a landing page, which will be unveiled as soon as the funding threshold is completed. Once done, Samsung fans will have their first look at the next Ultra.
The Galaxy S25 Ultra is said to look different than the most recent Ultra models. The device won’t get sharp angular corners in favor of slightly rounded ones. The backplate could also be crafted keeping easier handling in mind.
Galaxy S20 Ultra body size: 166.9 x 76.0 x 8.8 mm
Galaxy S21 Ultra body size: 165.1 x 75.6 x 8.9 mm
Galaxy S22 Ultra body size: 163.3 x 77.9 x 8.9 mm
Galaxy S23 Ultra body size: 163.4 x 78.1 x 8.9 mm
Galaxy S24 Ultra body size: 162.3 x 79.0 x 8.6 mm
Galaxy S25 Ultra body size:…— ICE UNIVERSE (@UniverseIce) September 7, 2024
Samsung’s next-gen Ultra flagship will also equip an upgraded camera. In particular, the ultrawide and 3x Telephoto sensors will be replaced with new solutions. The display could also be made of advanced material set to offer better power efficiency.
Ex-Mercedez designer is reportedly leading Samsung’s Mobile design team. The design evolution already started with the Galaxy Watch Ultra and Buds 3 products. However, a new Samsung design philosophy could be announced next year.
The render is getting unblurred gradually. We are quite excited about the rear design and camera module arrangement. It would be interesting to see if Samsung has made any major design modifications on the backplate.
Samsung has released a new update for its Group Sharing app with version 13.6.52.7. This update is available on the Galaxy Store with a package size of 18.54MB for One UI devices.
The Group Sharing app is popular among Samsung users as it makes it easy to share files, photos, and other media with groups. With this latest update, the app has become even better. The new version brings a few enhancements that should make using the app smoother and more efficient.
Moreover, the update improves the performance and stability by fixing some issues. It means that sharing files should be quicker and the app should run more smoothly.
If you’ve had problems with the app crashing or not working properly, this update should help solve those issues. Samsung makes the app more reliable so that you can depend on it for a smoother sharing experience.
Users can install the update through the Galaxy Store >> Menu option >> Updates. Also, users can download the update directly through the third-party app link mentioned here.
Notably, the update is compatible with Galaxya devices running Android 14 or Android 13. If your Galaxy device is eligible, you can install the update to enjoy enhanced features.