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Samsung to extend production cuts post $7 billion chip loss in 2023 so far

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Samsung 55th shareholders meeting

Recently, Samsung revealed its earnings guidance for the second quarter, reporting a 95 percent profit drop. Due to a sharp decline in its semiconductor business, Samsung announced plans to extend production cuts because a demand recovery is largely constrained to high-end chips used in AI.

Reuters reports that the decision underscores the depth of the unexpected memory chip business downturn, which led  Samsung to incur a record $7 billion (8.9 trillion won) operating loss from its bread-and-butter chip business in the first six months of this year.

“Production cuts across the industry are likely to continue in the second half, and demand is expected to gradually recover as clients continue to destock their (chip) inventory,” Samsung, said in a statement.

Samsung said it spent 14.5 trillion won in capital expenditures during the second quarter, of which 13.5 trillion won was spent on chips.

Jaejune Kim, executive vice president of Samsung’s memory business, told analysts on an earnings call that it would extend its production cuts and make additional output adjustments for certain products including NAND flash memory chips, which are used to store digital data.

Source – Reuters

James is the lead content creator on Sammy Fans and mostly works on Samsung's firmware section. His first phone was the Galaxy S4 and continues to get new S series devices. Most of the time, James tries to learn about new technologies and gadgets but he also sneaks a bit of free time to nearby rivers and nature.

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Android’s Circle to Search will help solve math, physics problems

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Samsung devices Circle to search feature

Circle to Search will be getting a significant functional boost later this year. At I/O 2024, Google confirmed to upgrade Android’s Circle to Search with the ability to help you get your homework done. The service will add support for Math and Physics topics to help users.

Google teased at I/O 2024 that Circle to Search will add new features, helping students better understand potentially difficult class topics. Looking at what Google teased, the feature could show them step-by-step instructions for a “range of physics and math word problems.”

Thanks to the LearnLM AI models, Circle to Search will be capable of understanding and demonstrating symbolic formulas, diagrams, graphs, and more. When available, it will be accessible as an experimental feature which could be activated through Google Account under the Labs section.

To recall, Circle to Search was first released with Samsung’s S24 series earlier this year. Later on, the Pixel 8 and 8 Pro received it through an OTA upgrade. It’s one of the star new features of Android, and although iOS users can’t yet circle their math homework for help, anything is possible.

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Google launches Imagen 3 and Veo: Generative AI Image, Video model

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Google I/O 2024 Imagen 3 Veo Generative AI Model

Google today introduced its most advanced generative AI image and video model – Imagen 3 and Veo.

Imagen 3

The company announced Imagen 3, which is Google DeepMind’s most capable image generation model yet. It understands user prompts the way people write, creates more photorealistic images, and is our best model for rendering text.

Starting today, Imagen 3 is available for select creators as a private preview inside ImageFX, and you can sign up to join the waitlist. Besides, it will be available in multiple versions, each optimized for different types of tasks, from generating quick sketches to high-resolution images.

Veo

Google also unveiled DeepMind’s Veo, which is an advanced generative video model. The company says users will be able to create and edit HQ videos over 60 seconds in different visual styles through just text, image, or video prompts.

Pay attention, VideoFX is an experimental tech, which lets you generate your synthetic videos. The company notes that videos may display inaccurate information, including about people. Besides, generated videos and prompt suggestions are still experimental.

Stay up-to-date on Samsung Galaxy, One UI & Tech Stuffs by following Sammy Fans on X/Twitter. You can also discover the latest news, polls, reviews, and new features for Samsung & Google Apps, Galaxy Phones, and the One UI/Android operating system.

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Reserve and get $50 off on 2024 Samsung monitors in the US

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Samsung Monitor US Pre-reserve

Samsung will soon launch 2024 monitors in the US. Similar to smartphones, Samsung launched a pre-reserve promo for 2024 monitors, slated to bring a $50 discount on early orders in the US.

From May 13 to June 3rd, reserve a new 2024 Samsung Monitor and save $50 via instant discount at the time of purchase. The Gift will only be available to customers who complete their reservation during the Reserve Period.

The South Korean tech giant officially opened the reserve period for the upcoming 2024 monitors. Interested consumers and potential buyers should reserve now to get $50 off our new monitors during early order.

Consumers reserving monitors will be entered into a sweepstakes for the chance to win a $5,000 Samsung credit. So it’s a no-brainer to pre-reserving the upcoming Samsung monitors in favor of a steal discount on day one.

While the details of the 2024 monitors, including pricing, are not yet available, Samsung will come up with something for everyone. Notably, Samsung has been the number 1 monitor brand in the US for 2 years in a row.

Stay up-to-date on Samsung Galaxy, One UI & Tech Stuffs by following Sammy Fans on X/Twitter. You can also discover the latest news, polls, reviews, and new features for Samsung & Google Apps, Galaxy Phones, and the One UI/Android operating system.

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