Connect with us

Business

Samsung rival BOE plans $400 million investment to build two new factories in Vietnam

Published

on

BOE Display Supplier China

China’s leading display maker BOE reportedly plans to invest heavily in building two factories in Vietnam, with a total investment of US $400 million. BOE is one of the world’s biggest display makers that supplier displays to many companies including Apple and Samsung.

Follow Sammy Fans on Google News

According to the information, BOE is to lease hundreds of hectares of land in northern Vietnam to expand its relatively small factory in southern Vietnam. The plant mainly supplies TV screens to South Korea’s Samsung Electronics and LG Electronics.

Join SammyFans on Telegram

BOE

The Chinese display maker BOE intends to hire 100 hectares of land, 20 percent of which will be used to build a $150 million factory to make remote control systems and the rest of the land will be used to build a display factory. The company will spend $250 million to build a factory on 50 hectares of land, leaving the remaining 30 hectares to suppliers. All this will be completed by 2025.

The world’s biggest smartphone maker Samsung produces half of its phones in Vietnam, while LG also has a large presence in the country and plans to make new investments.

In recent years, North Vietnam has attracted huge investment from electronics giants to become a major production hub for smartphones, computers, and cameras, including flagships from Apple and Samsung.

Apple contract manufacturers Hon Hai Precision and LuxShare Precision also assemble or plan to assemble a range of products, including Apple laptops and tablets.

Instead of LCD screens, BOE plans to make more complex OLED screens in factories. The recent report reveals BOE defeated Samsung and secured the most significant order for iPhone 15 and 15 Plus display panels

Hey, Camila is here! From the very beginning, I love using Samsung phones like a die-hard fan. Apart from detailing One UI features for readers, I love exploring different apps of the Samsung ecosystem with a cup of tea!

Business

Samsung Teams Up with Tech Titans for Arm’s IPO Amid Valuation Shuffle

Published

on

Samsung ARM

A new report reveals that Samsung will participate as an anchor investor for Arm’s upcoming IPO after taking a conservative approach to the matter due to a perceived overvaluation and regulatory risk.

Samsung opted to make an investment in the chip designer, joining a slew of other industry players including Apple, Nvidia and Intel. Amazon, which was earlier rumored to be participating in the IPO, decided to step out.

Follow our socials → Google News, Telegram, X (formerly Twitter), Facebook

It’s worth mentioning that the strategic investors have agreed to invest between $25 million and $100 million each. The specific amount for each company hasn’t been disclosed yet.

This means the offering price will come in between $47 and $51 per share. It makes Arm’s valuation between $50 billion and $55 billion, down from the initial estimation of $64 billion.

Arm’s IPO on Nasdaq, which is expected in September, is considered to be the biggest IPO deal of the year. The company controls a majority of the world’s application processor market, designing and licensing basic blueprints for chips.

Source

Continue Reading

Business

Samsung vs Apple: The Epic Battle for Smartphone Supremacy in 2023

Published

on

Apple iPhone 15 Pro

Market research firm TrendForce published the latest report on their analysis. The agency disclosed that after global smartphone production dropped by nearly 20% year-on-year in the first quarter, production continued to decline by about 6.6% in the second quarter, to 270 million units.

In particular, the global smartphone production in the first half of 2023 was 520 million units, a 13.3% decline compared to the same period last year. Both individual quarters and the first half of the year in total set a ten-year low.

Follow our socials → Google News, Telegram, X (formerly Twitter), Facebook

TrendForce analysts pointed out that there are three reasons for the sluggish production performance:

  • First, the lifting of epidemic prevention restrictions did not drive demand as expected;
  • Secondly, the demographic dividend effect of the emerging Indian market has not effectively exerted its advantages;
  • Thirdly, in 2022, brands will be deeply affected by excessive channel inventory. It was originally expected that as inventory is reduced, brands will return to production levels.

However, now affected by economic weakness, people’s consumption willingness is more conservative, resulting in poor production performance in the first half of the year. expected.

Second Quarter Market

In the second quarter, Samsung still topped the list, with Q2 output reaching 53.9 million units, a decrease of 12.4% from the previous quarter. The same period coincided with the replacement of old and new Apple models, with output of 42 million units, a decrease of 21.2% from the previous quarter.

Adding to this, the most obvious change in the smartphone market was Transsion (including TECNO, Infinix, and itel). Transsion surpassed vivo and entered fifth place in the world for the first time. Its output increased by more than 70% month-on-month to 25.1 million units.

TrendForce Q2 2023 Market

Production

In addition to Samsung and Apple, Xiaomi (including Xiaomi, Redmi, and POCO) produced approximately 35 million units in the second quarter, an increase of 32.1% from the previous quarter.

OPPO (realme, and OnePlus included) produced about 33.6 million units in the second quarter, an increase of 25.4% from the previous quarter. Q3 is expected to have a growth rate of about 10-15%, closely following Xiaomi.

Continue Reading

Business

Samsung gears up to dominate the booming GDDR market amid global gaming surge

Published

on

Samsung GDDR7 DRAM

Samsung and SK Hynix are strengthening their foray into the GDDR (Graphic Double Data Rate (GDDR) market amid the global gaming surge. The companies appear to be preparing to lead the GDDR market while gaining technological advantage in next-generation products.

Recently, IGI (Industry Growth Insights) published its new report citing that the GDDR market will grow from $3.2 billion in 2018 to $4.8 billion in 2030 with an average annual growth rate of 7.6%. It’s predicted that high-performance GDDR like GDDR6 will record a double-digit growth rate every year.

Follow our socials → Google News, Telegram, X (formerly Twitter), Facebook

Samsung x GDDR

In July, Samsung Electronics developed GDDR7, the industry’s most advanced product, for the first time, and supplied samples to Nvidia for verification for next-generation system installation. SK Hynix also plans to complete GDDR7 development within this year.

On the other hand, Micron plans to introduce GDDR7 in the first half of next year, a step later. In this situation, Nvidia, the world’s largest customer in the GPU market, is known to preferentially review Samsung Electronics’ products instead of Micron’s next-generation products.

Continue Reading