SAMSUNG EXECUTIVE
Samsung expects Gen AI to reach over 200 mln phones by end of 2024: TM Roh
Samsung anticipates that generative AI will be integrated into over 200 million smartphones by the end of the year, spurred by the launch of its latest foldables and wearable devices, according to TM Roh, the head of the company's mobile business.
ET Explainer: Why are South Korean Samsung workers protesting?
The National Samsung Electronic Union (NSEU) which represents thousands of Samsung Electronics workers expressed dissatisfaction with the annual leave, wages, and current bonus calculations. Despite Samsung proposing flexible terms regarding pay and leave, they do not meet the union's demands for increased compensation and improved benefits.
Samsung Electronics workers strike as union voice grows in South Korea
The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm's South Korean workforce, also wants an extra day of annual leave for unionised workers and changes to the employee bonus system.
Best Tablets With High Performance for Unmatched Productivity
Explore the top high-performance tablets revolutionizing productivity and entertainment. This article reviews the latest models, highlighting their standout features, processing power, display quality, and battery life. From Apple to Android, discover which tablets excel in versatility, making them ideal for professionals, creatives, and tech enthusiasts seeking unparalleled performance on the go.
MCA penalises Samsung Display Noida for breach of Companies Act norms
As per Samsung Display Noida's February 2024 letter cited in the order, it's fully owned by Samsung Display Co (Korea), which, in turn, is 84.8% owned by Samsung Electronics Co (Korea). Section 90 of the Companies Act, 2013, typically requires companies to disclose their significant beneficial owner details to authorities.
Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027
India's EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India.
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Chinese smartphone brands drive AI proliferation in 2024, led by Oppo
The second half of 2024 will see a surge in generative AI use in smartphones, spearheaded by Chinese brands like Oppo, Nothing, and Vivo. Analysts predict more AI features in lower-priced models, expanding beyond premium flagships. Oppo leads with over 100 AI capabilities and 5,399 AI patents. With AI phones projected to make up 11% of the global market, the segment will see significant growth, particularly in sub-$1000 models, driven by aggressive innovation from Chinese manufacturers.
That AC or fridge you were planning to buy just got more expensive
Consumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium, freight cost increases, Red Sea crisis, and rupee depreciation.
Samsung Galaxy F55 5G with AI features launched at Rs 24,999
Samsung announced the Galaxy F55 5G with premium features like AMOLED display, 45W fast charging, and Snapdragon 7 Gen 1 processor. It offers 50 MP No Shake Camera and will be available on Flipkart and retail stores.
Google picks southern Indian state for smartphone production
Google is set to invest billions in Tamil Nadu, India to produce smartphones and drones. The move follows a trend of tech companies, like Apple, shifting production from China. The state aims to boost advanced manufacturing, with Google's decision contributing to its transformation. This shift benefits India's economy and aligns with Prime Minister Modi's incentives to attract electronics manufacturers.
Google's India alphabet P for Pixel, D for Dixon: Local contract manufacturer will make Google Pixel 8 smartphones
Dixon Technologies to manufacture Google Pixel 8 smartphones in India to compete with Apple and Samsung in the Rs 50,000-plus price range. Google aims to increase its market share in India despite import duties, considering Foxconn as a potential manufacturing partner.
Back-to-school season spurs surge in retail and e-commerce sales
As students gear up for the new academic year, retailers and stationery companies prepare for a surge in demand during the April to June peak back-to-school shopping period. This significantly boosts sales for brands like ITC and DOMS, laptop manufacturers such as Dell, Lenovo, and Samsung, and retailers like Reliance Retail's Smart Bazaar stores, with sales increasing fivefold according to industry experts.
NCLT sets aside Syska LED Light insolvency process as company, lender settles matter
Syska LED Lights is part of the Pune-based SSK Group, an exclusive distributor of Samsung mobiles, accessories and tables for five states in Western India. In the past few years, the light-emitting diode (LED) lighting solutions provider and consumer electric company has expanded into personal care, home appliances, smart watches and audio categories.
Shipping is a dirty business. Cleaning it up is lucrative
HD Hyundai Marine's successful IPO attracted investors' attention by doubling stock value. It aims to provide eco-friendly solutions and expand globally in the maritime industry.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
Chinese smartphones rely on Reliance counters for better India presence
Chinese smartphone firms are increasingly relying on Reliance Retail's distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi's sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth in the quarter to March.
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
Samsung way ahead of Its rivals in local value addition
This is partly because Samsung has been manufacturing mobile phones as well as other appliances locally in India much before the government's production-linked incentive scheme came into force and boosted India to become the second largest mobile phone manufacturer.
Buy Indian, Bye Western: Gen Z embraces the home truth
The contribution of local brands to total sales of true wireless speakers has shot up to 78% in calendar 2023, compared to 48% in 2020, due to more purchases by youngsters, according to latest numbers from Counterpoint Research. For smartwatches, the researcher said the contribution of local brands to total sales is 95% in 2023, from 38% in 2020.
Foldable phone shipments expected to double in 2024; Chinese brands challenge Samsung's dominance
Shipments of super premium foldable phones are expected to double in 2024, with new Chinese players entering the market to challenge Samsung's dominance. Samsung's market share decreased to 83% in 2023, with Motorola, Oppo, and OnePlus also in the foldable smartphone competition. Chinese brands are focusing on innovation and pricing strategies to compete with Samsung's established presence in the market.
Samsung India nears another milestone in smartphone business
The company accelerated sales spurred by premiumisation with average handset selling prices rising by 22%, higher than the industry average of 17%. The share of no-cost EMI purchases has also increased from 54% to 60% during the year, said Akshay Rao, mobile experience business general manager at Samsung India. Tenure for no-cost EMI schemes too rose to 18 months from 12 months earlier.
InMobi nets 235 million active users on Glance lock screen
Having partnered with leading mobile device makers including Samsung, Xiaomi, Oppo, Vivo, Motorola, Realme and Jio, the company is on the path to appear on 1 billion lock screens by 2025 globally, chief business officer (CBO), Vasuta Agarwal said. Backed by Google, Jio Platforms and SoftBank, the Bengaluru-based advertising and consumer tech group has worked with 300+ brands across verticals and expanded operations in India.
In 2 years, 70 per cent smartphone users may switch to 5G: Industry executives
India is poised to become a 5G-focused nation within two years, with over 70% of smartphone users expected to adopt 5G handsets due to falling prices and widespread network coverage. Major smartphone brands like Xiaomi, Oppo, Vivo, Realme, and Samsung are gearing up to flood the Indian market with competitively priced 5G smartphones.
Ex-Samsung executive Choi Jinseog gets bail in industrial espionage case
Prosecutors have alleged that the former executive Choi Jinseog, a South Korean chip expert, stole information formulated by the world's top memory chipmaker to help his client set up a chip factory in China.
Google stopped Samsung from expanding search app offering: ex-executive Patrick Chang
Chang had proposed that mobile app developer Branch Metrics' software offering be expanded in Samsung smartphones but it faced pushback due to pressure from Google.
Deep tech VC launched by ex-Nvidia, Samsung executives raises $140 million fund
The Palo Alto-headquartered fund will focus on investing in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as "deep tech."
Samsung’s new foldable phone registers 150k pre-bookings: Executive
“Since the time we launched the foldables, the pre-bookings have clocked 150,000 now and that is almost 1.5 times of what we had achieved with the predecessor, which is almost Rs 1,500 crore, and the adoption has been reasonably good,” said Raju Pullan, senior vice-president, Samsung India.
A jailed South Korean chip executive denies stealing Samsung data for China factory in a letter
Choi Jinseog, a South Korean chip executive, said the allegations against him for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China were not substantiated.
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