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Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
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Vodafone Makes World's First Satellite Video Call Using Standard Smartphone
Vodafone said it had made the world's first video call via satellite using a standard smartphone from a remote location. The European mobile operator's CEO Margherita Della Valle received the call on Monday from company engineer Rowan Chesmer, who was located in the Welsh mountains where there was no network signal.
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Samsung Rises After Signalling Progress With Nvidia on AI Memory
Samsung Electronics has announced advancements in delivering its cutting-edge AI memory chips to Nvidia providing a measure of confidence to investors concerned about Samsung potentially lagging behind SK Hynix in the fiercely competitive market. The South Korean tech conglomerate has faced challenges in obtaining certification from Nvidia for its ...
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Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
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Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.Â
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Samsung Confirms Exynos 2500 SoC, Aims to Ensure Stable Supply of the Chipset for ‘Flagship Products’
Samsung confirmed the existence of its upcoming Exynos 2500 chipset during an earnings call with its investors on Thursday. As per the company, the SoC will be developed by Samsung System's large-scale integration (LSI) division. In the second half of the year, the South Korean technology conglomerate aims to maintain a stable supply of Exynos 2500...
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Arm Secures $54.5 Billion Valuation in Year's Biggest IPO With Apple, Nvidia, Samsung as Investors
Chip designer Arm Holdings secured a $54.5 billion (roughly Rs. 4,52,137 crore) valuation in its US initial public offering (IPO) on Wednesday, seven years after its owner SoftBank Group took the company private for $32 billion (roughly Rs. 2,65,475 crore).
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Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report
Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies - including Apple, Samsung and Intel - with the aim of bringing on one or more anchor in...
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Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
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ASML Launches EUR 12 Billion Buyback, Upgrades 2025 Forecast
ASML, a key supplier of equipment to computer chip manufacturers, on Thursday said it would launch a EUR 12 billion (nearly Rs. 98,380 crore)Â share buyback programme to run through 2025. In an announcement ahead of an investors' day on Friday, the company said it expects revenue of EUR 30 billion (nearly Rs. 2,45,600 crore) to EUR 40 billion (near...
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Samsung Electronics Aims to Achieve Net Zero Emissions by 2050; to Invest Over $5 Billion: Report
Samsung Electronics is reportedly targeting net zero emissions by 2050 and plans to invest over $5 billion (roughly Rs. 39,760 crore) as it is shifting away from fossil fuels. The South Korean company has said that it plans to achieve net zero emissions across its smartphone, television, and consumer divisions by 2030.
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Google’s Parent Alphabet Is Major Blockchain Investor, Samsung Joins List With PayPal, Microsoft
Google parent Alphabet has invested a whopping sum of $1.5 billion (roughly Rs. 11,900 crore) in the blockchain industry. As per a Blockdata analysis, a total of 40 companies collectively invested around $6 billion (roughly Rs. 47,600 crore) into blockchain startups between September 2021 and June 2022.
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Axie Infinity Maker Sky Mavis Raises Series B Led by Andreesen Horowitz
US-based venture capital firm Andreessen Horowitz led a Series B funding round for Sky Mavin – the parent company of popular NFT game Axie Infinity. As of now, however, the amount invested by the American firm remains undisclosed.
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Intel Floats Possibility of Licensing Chipmaking Deals but Would TSMC and Samsung Be Interested?
Intel executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing secrets with rival Taiwan Semiconductor Manufacturing Company (TSMC) or Samsung.
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South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
-
Shrinking Profit Margins Unwind Popular ‘Make in India’ Trade in Electronics
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools.
-
Vodafone Makes World's First Satellite Video Call Using Standard Smartphone
Vodafone said it had made the world's first video call via satellite using a standard smartphone from a remote location. The European mobile operator's CEO Margherita Della Valle received the call on Monday from company engineer Rowan Chesmer, who was located in the Welsh mountains where there was no network signal.
-
Samsung Rises After Signalling Progress With Nvidia on AI Memory
Samsung Electronics has announced advancements in delivering its cutting-edge AI memory chips to Nvidia providing a measure of confidence to investors concerned about Samsung potentially lagging behind SK Hynix in the fiercely competitive market. The South Korean tech conglomerate has faced challenges in obtaining certification from Nvidia for its ...
-
Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
-
Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.Â
-
Samsung Confirms Exynos 2500 SoC, Aims to Ensure Stable Supply of the Chipset for ‘Flagship Products’
Samsung confirmed the existence of its upcoming Exynos 2500 chipset during an earnings call with its investors on Thursday. As per the company, the SoC will be developed by Samsung System's large-scale integration (LSI) division. In the second half of the year, the South Korean technology conglomerate aims to maintain a stable supply of Exynos 2500...
-
Arm Secures $54.5 Billion Valuation in Year's Biggest IPO With Apple, Nvidia, Samsung as Investors
Chip designer Arm Holdings secured a $54.5 billion (roughly Rs. 4,52,137 crore) valuation in its US initial public offering (IPO) on Wednesday, seven years after its owner SoftBank Group took the company private for $32 billion (roughly Rs. 2,65,475 crore).
-
Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report
Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan's Nikkei newspaper reported on Tuesday. Reuters reported in June that Arm was in talks with some ten companies - including Apple, Samsung and Intel - with the aim of bringing on one or more anchor in...
-
Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
-
ASML Launches EUR 12 Billion Buyback, Upgrades 2025 Forecast
ASML, a key supplier of equipment to computer chip manufacturers, on Thursday said it would launch a EUR 12 billion (nearly Rs. 98,380 crore)Â share buyback programme to run through 2025. In an announcement ahead of an investors' day on Friday, the company said it expects revenue of EUR 30 billion (nearly Rs. 2,45,600 crore) to EUR 40 billion (near...
-
Samsung Electronics Aims to Achieve Net Zero Emissions by 2050; to Invest Over $5 Billion: Report
Samsung Electronics is reportedly targeting net zero emissions by 2050 and plans to invest over $5 billion (roughly Rs. 39,760 crore) as it is shifting away from fossil fuels. The South Korean company has said that it plans to achieve net zero emissions across its smartphone, television, and consumer divisions by 2030.
-
Google’s Parent Alphabet Is Major Blockchain Investor, Samsung Joins List With PayPal, Microsoft
Google parent Alphabet has invested a whopping sum of $1.5 billion (roughly Rs. 11,900 crore) in the blockchain industry. As per a Blockdata analysis, a total of 40 companies collectively invested around $6 billion (roughly Rs. 47,600 crore) into blockchain startups between September 2021 and June 2022.
-
Axie Infinity Maker Sky Mavis Raises Series B Led by Andreesen Horowitz
US-based venture capital firm Andreessen Horowitz led a Series B funding round for Sky Mavin – the parent company of popular NFT game Axie Infinity. As of now, however, the amount invested by the American firm remains undisclosed.
-
Intel Floats Possibility of Licensing Chipmaking Deals but Would TSMC and Samsung Be Interested?
Intel executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing secrets with rival Taiwan Semiconductor Manufacturing Company (TSMC) or Samsung.
-
South Korea's SsangYong Motor Looking For Possible Buyer As Mahindra May Exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India's Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said on Friday.
