FTC to review Samsung group on cafeteria case investigation
Samsung Welstory (the largest on-site food service provider in the country by revenue and a fully-owned subsidiary of Samsung C&T) was accused of receiving special treatment from the company’s other subsidiaries. Due to accusations, the conglomerate urged the FTC (Federal Trade Commission) for an investigation in 2018.
Earlier this year, the watchdog sent a report to Samsung after a review, informing the company of its decision to report Samsung Electronics and Samsung SDI to the prosecution. However, the move did not target Lee Jae-Yong who is the apparent heir of Samsung Group as well as Samsung C&T.
But as per the latest info, South Korea’s antitrust watchdog is thinking to impose penalties on Samsung Group later this month. However, this punishment will be based on accusations in which the company unfairly favored one of its subsidiaries for in-house cafeteria businesses.
For this, the FTC will hold a two-day meeting around May 26 so that major Samsung subsidiaries can put their viewpoints before the judgment. This decision will also decide the level of punishment for the accused.
Lastly, this information is based on a recent report that shows the meeting might take a day to take place with all nine members present including the chairman. Therefore it could take time to review the latest case as it involves many parties and accusations, with the heated debate between the watchdog and Samsung subsidiaries.
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Samsung expands ‘6 Reasons to Be Galaxy’ promo
Samsung is expanding its 6 Reasons to Be Galaxy promotion. The latest series highlights Samsung Galaxy A55 and A35’s high-performance processors, powerful cameras, and long-lasting batteries.
The “6 Reasons to Be Galaxy” campaign highlights the key features and qualities of Samsung devices. The campaign emphasizes cost-effectiveness, software updates, and overall quality.
The Galaxy A series is designed to offer a fluid and reliable experience. The phones are ideal for various routines, catering to a wide range of activities such as entertainment, browsing and gaming.
Samsung’s Galaxy A55 and Galaxy A35 come with premium features like high-performance processors, powerful cameras, and long-lasting battery to work as true partners for everyday life.
Galaxy A55 and A35’s next-gen Exynos chip offers powerful performance, capable of running apps, games, and multimedia as well as ensuring fast responses and smooth transitions between tasks.
Samsung’s Galaxy A series smartphones allow users to spend the entire day without worrying about frequent recharges, whether they’re watching movies or exploring new games.
In the previous campaign, Samsung highlighted the Super AMOLED display with Vision Booster, long-lasting updates, 50MP camera with Nightography features, protection with Samsung Knox, and the Circle to Search feature.
At the SDC24, Samsung announced more new Galaxy AI features will arrive on A series phones. The company has recently rolled out AI-powered Circle to Search to a handful of Galaxy A series smartphones.
The One UI 7 update should further expand the Galaxy AI suite on A series models. The Galaxy A56 and A36 will launch by March 2025. Samsung may introduce more new features and upgrades for the Galaxy A series at that time.
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Biden rushes CHIPS Act deals ahead of Trump’s presidency
Samsung is trying to secure CHIPS Act subsidies before Donald Trump takes charge. Joe Biden introduced CHIPS and Science Act to boost semiconductor business on American soil. However, the President-elect is a big critic of the CHIPS Act.
Bloomberg reports that the Biden administration is rushing to finalize CHIPS Act agreements with Intel and Samsung. Notably, Samsung and Intel are set to receive direct subsidies of $6.4 billion and $8.5 billion, respectively.
During his election campaign, President-elect Trump heavily mocked the CHIPS and Science Act. It is expected that Trump could put tariff on semiconductor manufacturers and nullify subsidies before disbursment.
Concerns have arisen that semiconductor companies, which have invested heavily in the U.S. over the past four years, might not receive subsidies, or that U.S. companies like Intel could be prioritized.
Intel is an American company, which could be unaffected by Trump’s presidency. As the President-elect prefers an “America First” policy, it’s an alarming situation for Samsung Electronics, which bases its headquarters in South Korea.
Since the CHIPS and Science Act is considered a key industrial policy of the Biden administration, this move is seen as an effort to finalize binding contracts and distribute promised subsidies before the administration changes.
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Apple in shock! Samsung Galaxy S24 cracks 6-year streak
Samsung Galaxy S24 was the tenth top-selling phone in the third quarter of 2024. The device has cracked a 6-year streak, joining the Top 10 crew in an important timeframe despite the Apple iPhone’s global dominance.
Apple reigns supreme in Q3:
Counterpoint Research revealed that iPhone 15, iPhone 15 Pro Max and iPhone 15 Pro were the top three best-selling phones in the world. Apple managed to secure the top three positions during the iPhone 16’s release quarter.
Galaxy S24 cracks Top 10 during iPhone’s quarter:
For the first time since 2018, an Android flagship ranked in the top 10 best-selling phones in the third quarter. Samsung launched the Galaxy S24 series in January (first quarter) this year, but the handset still selling well.
In a shocking twist, the vanilla Galaxy S24 ranked as the tenth best-selling phone. This marks the first time since 2018 that an Android flagship (from Samsung) has broken into the top ten during the third quarter of the year.
Analysts note that the sales of the Galaxy S24 series have been mainly driven by a strong marketing focus on its GenAI capabilities. Earlier, MX Prex TM Roh also highlighted Samsung’s reliance on the Galaxy S24 series for another quarter.
Galaxy A series is rocking, as always:
Interestingly, four Galaxy A phones secured a ranking in the top-10 list. The Galaxy A15 4G was the world’s best-selling “Android” phone in Q3 2024. The Galaxy A15 5G was the second best-selling Android and fifth best-selling phone worldwide.
The Galaxy A35 5G and A05 ranked sixth and seventh in the Top 10 chart during 3Q24. The iPhone 14, Redmi 13C 4G and Galaxy S24 ranked eighth, ninth, and tenth, respectively. Repeating: Apple’s iPhone 15 was the best-selling phone globally in Q3 2024.