Apple and Samsung to Invest in Arm at IPO
Apple and Samsung are both prepared to invest in SoftBank Group-owned chip designer Arm when it seeks to launch its initial public offering (IPO) in September. Both Apple and Samsung were among the 10 companies that Arm was in talks with over funding. Intel...
Google Stocks Slide Amid Report That Samsung May Opt for Bing
Stocks in Google's parent company Alphabet Inc. fell by 4.5% in premarket trading on Monday, marking its largest single-day decline in over two months. This comes after reports that Samsung may decide to replace Google with Bing as the default search engine on its...
Samsung to Scale Down Memory Chip Production Amid Expected Profit Slide
Samsung Electronics is off to a disappointing start in 2023. The South Korean electronics manufacturer made a decision earlier this week to scale down its memory chip production amid expected profit drops in the first quarter of this year.
According to The Korea Herald, Samsung’s...
Samsung Eyes Chip Production Growth in 2023
Samsung Electronics is looking to increase its chip production at the P3 factory in Pyeongtaek, South Korea next year, a South Korean newspaper reported on Sunday. This decision comes despite expectations of an impending economic slowdown.
While the broader industry tends to cut chip...