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South Korean firm regains pole position amid biggest drop in iPhone sales since Covid-19 lockdowns
Since the start of 2024, Apple (NASDAQ: AAPL) has been losing ground on multiple fronts. The very start of the year saw Microsoft (NASDAQ: MSFT) overtake it to become the world's largest company by market cap.
The Biden administration will award up to $6.4 billion in grants to South Korea's Samsung to expand its chip production in central Texas as part of a broader effort to expand U.S. chipmaking, the Department of Commerce said on Monday.
The Department of Commerce CHIPS Program Office announced a $6.4 billion grant to Samsung Electronics this morning, right behind Intel INTC and TSMC. There are several noteworthy aspects of this deal.
Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.
Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year.
Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.
Samsung is set to receive $6.6 billion in US subsidies through the CHIPS Act to build out its semiconductor fabrication plants in “People familiar with the matter” told Bloomberg that South Korea's largest company will announce the plans to bolster US-based semiconductor production Taylor, Texas, alongside Commerce Secretary Gina Raimondo. The CHIPS Act, (short for the ‘Creating Helpful Incentives to Produce Semiconductors for America Act) is a legislative initiative aimed at revitalising and strengthening the semiconductor industry in the US.
About 5.25 million shares in Samsung Electronics were priced at 84,100 won per share in a block sale worth about $326 million, according to two sources with knowledge of the matter on Tuesday.
The Biden administration plans to announce it is awarding between $6 billion and $7 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said.