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Samsung stocks slips as the US limits China’s access to semiconductor
Joe Biden-led US government imposed curbs on China’s access to semiconductor technology, resulting, various stocks based on chipset/semiconductors falling down across Asia including Japan, South Korea and Taiwan.
According to the information, Samsung Electronics and Tokyo Electron Ltd.’s stocks also fell down due to the efforts of the United States govt to ensure international cooperation will limit them from exporting semiconductor to China.
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Adding to this, Taiwan’s TSMC, which just became the global leader in the semiconductor market plunged a record 8.3% on Tuesday. Following huge drops in stock values, the impact was also seen on the currency markets.
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Notably, South Korea’s won slumped more than 1.6% versus the greenback as Samsung semiconductor stocks lost as much as 3.9%, the most in a year. Furthermore, the Taiwan dollar dropped 0.7% amid losses in their stock markets.
As per the Bloomberg analysis, the new announcement done by the US already wiped out more than $240 billion from chip stocks globally since Thursday’s close.
Industry and market watchers predict that the US restrictions are expected to have “far-reaching implications.” The new limitations may create difficulties for manufacturers having chip production plants in China or outside the US.
Last Friday, the govt. of the United States announced new export curbs, and officials hinted that similar actions may be deployed in other countries to ensure international cooperation.
Chae Minsook, an analyst at Korea Investment & Securities wrote in a report – “With the latest measure, it would become difficult for China to manufacture and develop semiconductors because most semiconductor equipment are dominated by US and its allies,” such as Japan and Netherlands.”
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Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector’s global market value after the Biden administration imposed curbs on China’s access to semiconductor technology.
Samsung opens a temporary interactive store in Mirdif City Center, Dubai, UAE, which offers Galaxy products at online prices. For the first time, the company built this kind of store as part of its Ramadan campaign.
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Under the theme of “Samsung Online Store, Your Best Destination”, the company presents its offers available on the official Gulf website, Samsung.com, through a pop-up interactive store in Dubai.
The pop-up store will be live until April 3rd, 2023 to give consumers access to different categories of Samsung products. Visitors can try their favorite products on the platform, then buy them directly and receive them at home.
This temporary online store offers an immersive interactive experience for Samsung products in different categories within different lifestyle-inspired experiences sections, such as home entertainment, fitness, games, and more.
For instance, the Portrait and Night Photography areas showcase the camera capabilities of the Galaxy S23 Ultra, while the Fitness area shows how the Galaxy Watch 5 can help users stay fit and healthy during Ramadan.
The sections also highlight the ease of linking smart products through the SmartThings application, where users can control Neo QLED or OLED TVs and the Bespoke smart refrigerator through the Galaxy smartphone.
“The experience of the interactive space of Samsung’s website is the first of its kind in the region,” said a Samsung official.
When shopping online or on the pop-up shop platform, customers are offered discounts of up to 40% on a variety of mobile phones, tablets, televisions, and home appliances.
The Samsung Ramadan pop-up is open daily from 10 am to 10 pm and allows customers to choose products from the latest range of smartphones and popular bespoke Samsung Bespoke products, including:
- Galaxy Z Flip4
- Bespoke microwave ovens
- Bespoke refrigerators
- The Frame
Samsung offers payment plans in installments for a period of 24 months, free shipping and return of products, and evaluation of product replacement at home, as well as extended warranty through the “Samsung Care +” program.
Google has started rolling out a new update for the Drive app via the Play Store. The latest update of Google Drive brings a number of upgrades to well optimize the app for Android tablets such as the Samsung Galaxy tablets.
The company revamped the Google Drive app to take advantage of the larger screen, giving Android tablet users a next-level experience. It has also optimized the visual components to make it easier for users to navigate the app.
According to the official information of Workspace, the company has shifted the navigation bar of Google Drive to the side. Earlier the navigation bar was at the bottom, now it has been changed to a side-mounted rail which is on the left.
The company has now mentioned the navigation bar options Home, Starred, Share, and Files with their names as well as added the Plus option on this rail top. This means that you can now see all these options in the side-mounted navigation bar.
The top search bar no longer uses the full width of the screen, as it has been reduced to a limited oval-shaped area. Right next to this search bar in the right corner, you can see Help, Settings, and Profile options.
The company has also customized the Suggested and Notification sections, now you can see both options in the left corner below the search bar. Samsung Galaxy tablet users can enjoy the well-optimized interface of Google Drive
It is worth mentioning that the update is currently rolling out for those workspace accounts that enrolled for Rapid Release while the company will make it widely available from April 3, 2023.
Google is reportedly testing a new Android feature, which might auto-adjust screen brightness even if the device is locked. This new eye-saving screen feature will be quite useful in a dark room or nighttime conditions and we believe, Samsung will bring it with One UI 6.0.
Samsung One UI 6.0 to bring new eye-saving screen feature
As spotted by Mishaal Rahman, Google appears to be working on using the “brightness sensor to determine the screen’s initial brightness.” The new function is likely to help your Android device to take the ambient light into account to ensure the screen is not too bright in a dark room or low-light environment.
The company has recently released the Android 13 QPR2’s source code, which includes various code changes, as part of the preparation for upcoming features to the OS. The auto-screen brightness feature will ensure that your phone’s screen brightness doesn’t harm your eyes when you move to a dark environment from a bright one.
As of now, it’s unclear whether Google will make it official with the next Pixel Feature Drop in June or keep it reserved for the next version of Android, likely to release in August this year. Anyway, we have to wait until later this year to see if Samsung brings it to the One UI 6.0 software.
“Use a brightness sensor to determine the screen’s initial brightness”
Test: Use the device in a bright room, turn the screen off, go to a dark room, turn the screen on, see that the screen doesn’t start as too bright. Source/Via
Samsung Galaxy devices already have the Eye comfort shield feature, which reduces the impact of screen brightness on your eyes. This function was added with One UI 4, and further refined with the new One UI 5 software. However, the device makes you uncomfortable when you trigger an initial screen unlock.
Over the past few years, the Android operating system greatly improved the auto-brightness functionality. Samsung has also made additional improvements in One UI so your Galaxy device won’t make any kind of impact on your eyes. However, these kinds of further upgrades are most welcomed.
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