Samsung
Samsung could cut production at its biggest money-making business
Semiconductor Division of Samsung Electronics is known as its biggest money-making business, which could get a strategic production cut. However, the company is likely to post deficits of billions of won in the first quarter of this year amid weakening memory chip prices and higher inventories.
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According to the regulatory filing to DART by Samsung, its inventory assets reached an all-time high of 52.2 trillion won ($39.9 billion) as of the fourth quarter of last year, compared with last year’s 41.4 trillion won.
The South Korean tech titan’s chip business division accounted for the lion’s share of the total figure, with 29.1 trillion won in the same year, up nearly 12.6 trillion won from the same period tallied in 2021, the data showed.
Pent-up demand during the pandemic for home appliances, including TVs, has lost momentum, and aggressive rate hikes in major economies have significantly weakened consumer spending power.
This situation, on top of the inventory surge, has resulted in a sharp drop in chip prices. Market watchers believe the prices of PC DRAM and NAND memory chips are reportedly getting closer to their costs.
- KB Securities forecast the prices of DRAM and NAND chips will drop by a further 19 percent and 18 percent, respectively, in the January-March 2023 period.
While falling chip prices and soaring inventories affect Samsung’s earnings, the company is expected to take a turn into the red in this first quarter, logging operating losses of between 1.91 trillion won and 4.47 trillion won, reports FnGuide.
Despite witnessing a sharp drop in chip profits, Samsung maintains it will not be “artificially” cutting output and will keep up investment in its chips business. However, it has hinted at the possibility of a “natural” reduction through process conversion.
At Wednesday’s shareholder’s meeting, the company shared a downbeat forecast for its chip business this year but said it will continue to invest to secure clean rooms and technology advances in its efforts to “turn misfortune into advantage.”
“We will be flexible in executing infrastructure investment given volatile market conditions. We’re also planning to enhance our investment efficiency and improve the corporate structure.” Said Lee Jung-bae, president of Samsung’s device solution division.
Samsung and SK Hynix might reduce their production further to prevent soaring inventory assets and boost semiconductor prices. Market watchers say that reducing supply is the way to accelerate rebound in their chip businesses.
Samsung’s April 2024 update is reportedly bricking Galaxy Z Fold 3. A user reported on the Korean version of Samsung’s community that this smartphone was stuck in recovery mode after triggering the installation of the F926NKSU2HXD2 firmware.
The problem seems limited as I haven’t found many reports regarding the same. At the same time, the comments section of the source post also lacks similar feedback from consumers. Still, I recommend you not to install the HXD2 firmware on your Galaxy.
Samsung has recently launched Samsung Wallet in its home ground. We’ve seen a heavy number of Samsung Pay users switching to Wallet for advanced payments and mobile ID features. Notably, the firmware update also brought Samsung Wallet Mobile ID integration for the Fold 3.
Apart from the Wallet upgrade, the firmware brings the April 2024 security patch. Samsung may have also released HXD2 to the Galaxy Z Flip 3 in South Korea. The same firmware was started rolling out to the Galaxy Z Flip 4, however, there are no reports from consumers in the community.
While the smartphone is stuck in recovery mode, the only way left is to wipe the data. Wiping data will lead the user to lose access to all the personal data that was not backed up. Also, there will be a lot of hurdles after manually resetting the device such as logging in via the trusted device.
We will update you on the matter!
Samsung's April 2024 update bricking Galaxy Z Fold 3 5G in South Korea ‼ ‼
– Suspected SW: F926NKSU2HXD2
After installing, the user's phone stuck into recovery mode.
Rebooting through volume/power keys doesn't work, infinite loop⁉#Samsung #GalaxyZFold3 #OneUI6 pic.twitter.com/DLJpXZQxXe
— Yash Rathore (@YashRathoreX) April 19, 2024
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The US variant of Samsung Galaxy Z Flip 6 will be equipped with a Snapdragon 8 Gen 3 processor. There were reports that Samsung may expand the Exynos chipset to its foldable lineup, which doesn’t seem to be happening, at least in the United States.
Recently, Samsung Galaxy Z Flip 6 US variant was spotted on Geekbench with Snapdragon chip. It isn’t surprising as the company is following its conventional chipset strategy. We expect that it will be the same chipset used in the Galaxy S24 Ultra, the Snapdragon 8 Gen 3 for Galaxy.
The Flip 6 smartphone scored 15084 points on Geekbench’s GPU test. Due to its foldable form factor, the device may miss a Galaxy S24-like larger cooling technology. Still, its impressive 15000+ points in the GPU test indicates that Samsung has greatly optimized the software.
The company still has three months remaining in the launch event. More performance improvements will likely be achieved before the Unpacked. The South Korean tech giant will likely unveil the next-gen foldable phones in mid-July.
This year, the Galaxy Z Fold 6 Ultra would join the standard Galaxy Z Fold 6 and the Galaxy Z Flip 6. In addition, an affordable variant of Fan Edition branding is also in development. However, the cheaper foldable would miss some pro-grade specs to maintain the price.
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Samsung Galaxy M35 5G is confirmed to feature Bluetooth 5.3 technology. The phone has recently surfaced on Samsung India’s support website, hinting at imminent launch. Rapid developments indicate that the device will soon be released in the Indian market.
As spotted by MySmartPrice, the Samsung Galaxy M35 5G appeared on the Bluetooth SIG certification site. The database revealed that Samsung’s next M series phone carries model number SM-M356B_DS and supports Bluetooth 5.3.
Samsung recently launched the Galaxy A35 5G in the US, following the Global debut last month. The phone costs $400, while the upcoming Galaxy M35 5G will introduce identical design and specs at a lower price in select markets including India.
Previous reports reveal that the Galaxy M35 5G packs a 6000mAh battery with 25W charging support. The phone could be powered by an Exynos 1380 SoC paired with at least 6GB of RAM. It’s confirmed that the One UI 6.1 with Android 14 will come pre-loaded with it.
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