Samsung to continue with chip investment, undeterred by 8-year-low profit

South Korea’s Samsung Electronics Co on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to scale back spending and output, fanning concern that the world’s biggest … Read more

Historic crash for memory chips threatens to wipe out earnings

Now consumers and businesses are holding off on big purchases as they cope with inflation and rising interest rates. This time was supposed to be different. The memory-chip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disciplined management and new markets for its products — including 5G technology and … Read more

Samsung plans to launch new research unit to combat semiconductor downfall

Tech giant Samsung is reportedly planning to launch a new in-house global research unit next month, to combat semiconductor downfall. The new organisation will launch under the Device Solutions Business Division and will be assigned to research new investment avenues, as well as, analyse the global semiconductor market, reports SamMobile. Due to the COVID-19 crisis, … Read more

Vedanta and Foxconn form JV to manufacture semiconductors in India

Chip shortage is leading new facilities coming up globally. Now Vedanta and Foxconn have joined together to set up one in India. Key points to note – A new JV has been set up where Vedanta will hold majority and Hon Hai Technology Group (also known as Foxconn) will hold minority. Quantum of investment, entity … Read more