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Samsung cautiously eyes pre-IPO investment in Arm
Samsung is taking a conservative approach to an equity purchase in Arm due to its perceived overvaluation and regulatory risks. Koreajoongangdaily reports that the company is approaching the prospect of a pre-IPO investment in the British chip designer with careful consideration.
The South Korean tech giant is wary of potential risks and uncertainties associated with this investment opportunity. Since Arm preps for its initial public offering (IPO), the approach of Samsung reflects a cautious stance to ensure a well-informed decision.
“We are evaluating the issue, but no decision has been made yet,” an executive at Samsung Electronics said.
Arm has been a difficult proposition because its designs for application processors are so widely used, and it is a risk for it to be monopolized, especially by a company that competes with Arm’s clients. Arm is seeking to raise up to $10 billion through the blockbuster listing.
Winning big institutional investors before the listing is critical for Arm to rally the stock and support a higher valuation. The highly-anticipated listing comes as Samsung is unloading its key securities assets in an effort to secure cash amid dwindling profit due to the market downturn in the chip industry.
Earlier, Samsung sold more than half of its shares in ASML, raising about 3 trillion won ($2.2 billion). The 3 trillion won secured from the selloff is expected to be invested in facilities in contract chip manufacturing lines in Pyeongtaek and Taylor, Texas.
Back in October, Samsung introduced the Galaxy S23 FE smartphone. Since then, the company has sequentially expanded the phone’s market-wise availability. Now, Samsung announced the release date of Galaxy S23 FE in France.
Samsung will release the Galaxy S23 FE in France on December 8, 2023. The company is highlighting the phone’s camera and videography skills along with battery and design. As shown in the image, the Galaxy S23 FE will be available in four colors: Purple, Black, White and Mint.
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The Galaxy S23 FE is expected to come pre-loaded with Android 14-based One UI 6.0 software. In initial launch markets, the device was shipped with One UI 5.1, powered by Android 13. Moreover, the S23 FE France unit will be powered by Exynos 2200 chipset.
// Samsung
Samsung and Hanwha partner to produce cutting-edge AI chips. Hanwha subsidiary Vision Next’s AI semiconductors will be mass-produced at Samsung’s 4nm process technology.
The company has expanded its base for high-tech, high-tech processes, and Hanwha has secured a growth engine for the semiconductor business, which has been selected as a future growth engine.
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According to a report, Samsung plans to mass produce Vision Next AI semiconductors using the 4nm (nanometer) process. It is planned to begin mass production as early as the first half of next year.
This move is expected to become the basis for cooperation between the foundry and fabless of leading domestic companies. This is because Samsung can increase its foundry status by expanding its 4nm customer base, and Hanwha can increase its semiconductor business capabilities.
// Source
A new report shows that Samsung’s Galaxy A14 continues to lead the Android market globally. While the Apple iPhone’s tsunami continued, the Samsung Galaxy S23 Ultra slipped out of bestseller club in the third quarter of the year.
Apple’s iPhone 14, iPhone 14 Pro Max, and iPhone 14 Pro were the bestsellers in Q3 2023. Notably, the iPhone 13 jumped to the fourth rank as its sales were high during the festival sales in India. From fifth to eighth, Samsung’s A series phones are listed on the chart.
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Samsung’s Galaxy A14 LTE was the best-selling Android smartphone globally in Q3 2023. This phone’s 5G variant ranked 2nd in the Android market, while sixth in all categories. The Galaxy A54 and affordable Galaxy A04e secured seventh and eighth spots in the chart.
The most notable thing is that Samsung’s Galaxy S23 Ultra flagship slipped out of the top 10 bestseller club. It came as a big disappointment for Samsung as it’s preparing to unveil the Galaxy S24 Ultra alongside the S24 and S24 Plus in January next year.
// Via