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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.
About 5.25 million shares in Samsung Electronics are being offered in a block deal worth up to $330 million, according to a term sheet seen by Reuters on Monday.
The surge in demand for memory stocks underscores the sector's growth. The burgeoning need for high-bandwidth memory (HBM), essential for Nvidia's (NASDAQ: NVDA ) AI processors, is driving the interest.
The upgrades are earmarked for the company's base in the city of Taylor, Texas.
Samsung Electronics is poised to significantly increase its semiconductor investment in Texas, with plans to more than double its spending to approximately $44 billion, as reported by the Wall Street Journal on Friday.