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Samsung Electronics a leading tech firm of South Korea, world’s 22nd in market capitalization!
Samsung Electronics is ranked the 22nd among the top listed 100 companies on the stocks around the world in terms of market capitalization. Though the company has secured the 22nd rank in the market cap among the top 100. If we compare its rank from the previous year it has fallen to the seven ranks below.
This rank is prepared by the PricewaterhouseCoopers (PWC) which has recently released a list of the world’s top 100 companies in market capitalization. It has sourced all its report data from the research and analysis firm, Bloomberg.
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The most amazing thing is that Samsung Electronics is the one and only Korean company to be included in the list of fortune 100. Its market cap stood at $342 Billion, which is down by 21 percent from 2021 to $431 Billion.
Earlier Samsung Electronics was the top 10 major companies that have suffered a heavy drop in the one year. Looking at the global scenario Samsung is very much concerned about the global inflation in raw materials and the product pricing.
Let me tell you Apple has taken the top spot in the market capitalization with $2.85 trillion. Which is followed by Microsoft in the second place, and Saudi Aramco in the third place.
The other companies like Alphabet came in fourth place. This time Amazon was spotted in the fifth position, and Tesla, Berkshire Hathway, and Nvidia have to satisfy with 6th, 7th, and 8th positions respectively.
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New Zealand’s new Prime Minister Christopher Luxon announced that he would promote the ban on phones in primary and secondary schools across the country. This initiative aims to improve the quality of education for primary and secondary school students in New Zealand.
According to New Zealand education sources, the literacy skills of New Zealand primary and secondary school students have been declining in the past few years, and have even reached a “crisis” level. Over 1/3rd of the country’s 15-year-old students have poor literacy levels, which has aroused concern from all walks of life.
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In order to solve this problem, New Zealand’s new Prime Minister Lacson decided to take action. Within 100 days after taking office, he push for the ban on mobile phones in primary and secondary schools across the country to reduce students’ distractions so they could concentrate on class.
// Via
Nintendo is in talks with Samsung Display for supply of the next-generation OLED panels, following Valve’s SteamDeck. Both companies initially considered China’s BOE as a supplier but changed way to Samsung due to the burden of the risk arising from the patent infringement lawsuit.
According to the report, Japan’s Nintendo is known to have requested the supply of OLED panels from Samsung Display, following Valve. These companies negotiated with China’s BOE to lower device prices, but it is said that they chose Samsung Display panels.
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In June 2022, Samsung Display filed a patent infringement lawsuit against China’s BOE in the U.S. District Court for the Eastern District of Texas. The technology that Samsung Display claims to be infringing on is five OLED display patents for all products released after the iPhone 12.
Last December, Samsung Display filed a complaint with the ITC against 17 US parts wholesalers to keep BOE in check, asking the ITC to stop using parts and panels that infringe on the company’s ‘Diamond Pixel’.
Accordingly, BOE filed a countersuit in Chongqing’s First Intermediate People’s Court in May against Samsung Display China and Samsung Elec China, claiming patent infringement.
// Source
Similar to the Snapdragon 8 Gen 2, TSMC is exclusively producing Qualcomm’s latest Snapdragon 8 Gen 3 chipset. While the new processor has just started to debut with smartphones, a new leak suggests that TSMC will continue to produce Snapdragon 8 Gen 4, while Samsung orders shelved until 2025.
According to tipster Revegnus, Qualcomm will rely solely on TSMC for producing the 3nm-based Snapdragon 8 Gen 4 processor in 2024. The company has reportedly decided to bet on Taiwanese chip manufacturer again as it’s aiming to use custom Oryon CPU cores.
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It’s worth noting that a dual chip sourcing strategy is still on the cards for 2025 when the Snapdragon 8 Gen 5 comes out, while the Snapdragon 8 Gen 4 for Galaxy will be produced at Samsung’s foundry 3GAP, reports Taiwan’s TechNews.
In a multi-core scenario, the Snapdragon 8 Gen 4 is said to surpass 10,000 points on Geekbench 6, while the Adreno 830 GPU offers the same level of power draw as the Snapdragon 8 Gen 2 while offering excellent performance gains. The whole SoC is rumored to consume just 8W.