Samsung announced relief funds for winter storm affected people in Texas
For those who only know Samsung as a huge electronic company with big revenue and profits, we want to tell you that the company also indulged in many socio-economic works for quite along.
For example, last year the company donated more than $4 million to non-profit organizations across the US. However, this huge money was provided to the local communities including employees of the company, suffered from COVID-19.
Now, Samsung Austin Semiconductor and Samsung Electronics America have announced to provide funds of around $1million for the Central and North Texas communities in order to aid in winter storm recovery and relief efforts.
With other agencies, Samsung’s grants will also help the North Texas Food Bank in feeding the affected peoples of North Texas. Alongside, it will support additional communities by ongoing employee match programs to provide jobs.
Samsung as a part of the Texas community for more than 25 years
It is worth mentioning that Samsung is a part of the Texas community for more than 25 years investing more than $17 billion across the state for the peoples in need, promoting the universal moral quote ” A friend in need is a friend indeed”.
“We understand how the winter storm severely impacted our lives and our businesses and we want to help lift up those individuals and families who are in need,” said Dr. Sang Sup Jeong, President, Samsung Austin Semiconductor. “We are all in this together. As we celebrate 25 years in Austin, we want to demonstrate our appreciation and support of this community with this gift as we all recover together.”
Not only this the company also working on various projects to give employment to more than 6000 indigent texas people in the fields of 5G innovation, mobile sales and marketing, research and development, and semiconductor manufacturing. This shows that the Korean tech giant is so much committed to the upliftment of North America.
“People are in need, and Samsung wants to help,” said K.S. Choi, President, and CEO, Samsung Electronics North America. “We remain committed to the communities where we live, work and support our customers. Working together with our partners, we will support these communities as quickly as possible.”
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News
How will Donald Trump’s return impact Samsung’s semiconductor ambitions?
President-elect Donald Trump is an unpredictable man. The return of Donald Trump as the 47th President of the United States could impact Samsung, SK Hynix, and TSMC’s semiconductor ambitions and we wish the best for the manufacturers.
CHIPS Gone, Tariff On?
During the election campaign, Donald Trump threatened to repeal the CHIPS and Science Act introduced by Joe Biden. The act aims to provide billions of dollars of federal subsidies to semiconductor vendors to boost localization.
Rather than repealing the CHIPS Act, Trump may cut subsidies for chipmakers and raise tariffs on outsiders such as TSMC, Samsung, and SK Hynix. Korean firms should leverage AI chip expertise and further bolster ties with the new US administration.
Taiwan’s TSMC is apparently on Trump’s radar, with Samsung and SK Hynix could also face the heat in the future. If Trump revokes the CHIPS Act, these firms will lose access to potential subsidies to establish production plans on American soil.
Trump has called the act “so bad,” and insisted that imposing tariffs is the way to push companies to build chip factories in the US, rather than providing subsidies and tax credits. Notably, Samsung is eligible for up to $6.4 billion in subsidies against its $45 billion chip foundry.
Trump’s comeback could shape Samsung’s semiconductor future
In case Trump’s actions target TSMC, the world’s biggest contract chip maker, new opportunities will born for Samsung Elec and the US-based Micron. Meanwhile, the potential impact will only be determined once Trump takes over Biden in January.
Trump’s envisioned high tariff policy and decoupling strategy to isolate China from the global supply chain is expected to have both benefits and challenges for Korean chipmakers.
However, Korean chipmakers could benefit in the long term when Trump’s high tariffs on chips made outside of the US force companies to produce chips on American soil.
Apps
Samsung boosts Auto Blocker with new ‘Maximum Restrictions’ feature
Samsung has rolled out a fresh update for its Auto Blocker app with version 1.1.00.28. The update brings a new layer of security as it introduces the “Maximum restrictions” option for users who require extra protection against potential threats.
The fresh update is rolling out for Galaxy devices running One UI 6.1.1. It offers different conditions for One UI 6.1.1 and the upcoming One UI 7. Notably, the upcoming One UI iteration will provide enhanced security with Auto Blocker.
The fresh update of Samsung Auto Blocker adds the “Maximum restrictions” mode, which offers stronger protection for sensitive data. When activated, this mode restricts certain features on the device to limit exposure to unauthorized access.
The update turns on the “App protection” feature, which blocks the activation of device admin apps and work profiles. Additionally, some Samsung apps, including Samsung Messages and Gallery, will have limited functionality when this mode is enabled.
What’s new for One UI 7 devices?
With One UI 7, the “Maximum restrictions” mode will receive even more robust protections. When the Auto Blocker turns on, it blocks USB connections and prevents devices from connecting to your phone for purposes other than charging. In addition, the update also blocks 2G networks and prevents automatic reconnection to non-secure Wi-Fi networks.
Aside from this, Samsung has already started rolling out One UI 7’s Auto Blocker maximum restrictions conditions to Galaxy devices through a new update. Currently, some Galaxy flagships received its support and will expand to more soon.
US unlocked Galaxy S24 gets advanced Auto Blocker with November 2024 update
News
OLED display race intensifies as Samsung kicks out BOE
Samsung dropped BOE from its OLED display supply chain. The company has diversified the panel suppliers, assigning OLED display supply to China’s Visionox and Tianma, bringing BEO orders to zero this year.
According to TheElec, Samsung will source OLED display from China’s Visionox and Tianma rather than BOE this year. BOE’s fallout is a result of legal disputes, leading Samsung Elec to favor Samsung Display by boycotting BOE.
Key Takeaways:
- Samsung’s smartphone OLED demand for 2024 was estimated at 163.2 million units.
- Samsung Display’s volume is absolute, with 159 million units (97%).
- Next is CSOT with 2.2 million units.
- Visionox and Tianma with 1 million units each.
- There is no volume from BOE.
Flagship Galaxy devices will continue to feature OLED displays supplied by Samsung Display. Chinese vendors will supply panels for Samsung’s low-cost devices, mostly belonging to the Galaxy M series.
BOE and Samsung had a patent dispute in the US and China. The legal battles soured relations, resulting in BOE’s OLED supplied to Samsung decreasing from 1.1 million units in 2022 to 600,000 units in 2023, and there is none this year.
The global mobile OLED shipment forecast for 2024 is 753.2 million units. Samsung Display has the most with 327 million units. Its clients are Samsung Electronics, Apple, Xiaomi, Oppo, Vivo, Google, Sony, and others.