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SEOUL— Samsung Electronics Co. is starting to feel the sting of rising inflation and weakening demand for electronics and the chips that go inside them.The South Korean tech giant on Thursday reported revenue of 77.2 trillion won, or the equivalent of about $59 billion, for the three months ended June 30. That represented a 21.6% rise from the year-ago quarter but a slight pullback versus the opening three months of the year when Samsung posted record-high revenues of 77.8 trillion won.…

SEOUL— Samsung Electronics Co. has floated the prospect of investing nearly $200 billion for 11 new chip-making plants in Texas over the next two decades, a mega splurge that if executed would dramatically boost its semiconductor foothold in the U.S.The South Korean tech giant’s proposed spending was divulged in recent filings submitted to the Texas Comptroller’s office and made public Wednesday. One likely motivation is a year-end expiration of a Texas state incentive program offering…

SEOUL— Samsung Electronics Co. ’s string of record results is expected to end, as the global tech boom slows amid rising inflation and economic uncertainties. On Thursday, the South Korean tech giant—which had reported record revenues in the past three straight quarters—forecast a 11.4% rise in second-quarter operating profit from the prior year. Revenue for the April-June period is expected to increase year-over-year by 20.9%. Samsung…

WASHINGTON—A Taiwan-based company said it plans to build a $5 billion factory in Texas to make silicon wafers used in semiconductors, but the deal hinges on financial incentives bogged down in Congress.GlobalWaferson Monday said its planned factory in Sherman, Texas, would be the first U.S. silicon wafer-facility in more than two decades and create as many as 1,500 jobs, as well as helping fuel the expansion of the U.S. chip-making industry. WASHINGTON—A Taiwan-based company said it plans to build a $5 billion factory…

The nosedive in cryptocurrencies and nonfungible tokens peppered conversations, panels and events at NFT.NYC, a four-day event last week focused on the virtual baubles. Marketers seemed unwavering in their zeal for NFTs. The price of crypto is down—by an estimated $2 trillion since November—and high prices for NFTs have faded. Most NFTs are purchased using cryptocurrencies. And as the crypto market has slumped, so has the value of the digital collectibles. Some companies might fail because of that, but the…

SEOUL—The two-year global semiconductor shortage is threatening to spread to some of the most advanced chips needed for next-generation smartphones and the data centers that power apps.Chips with the tiniest transistors and highest performance had largely escaped the drought that has hit the auto industry and other electronics. Now, problems ranging from production hitches to a shortage of manufacturing equipment have raised concerns over the ability of the world’s two highest-end chip manufacturers to meet delivery…

Microsoft Corp. MSFT -4.46% is rolling out a Netflix Inc. -like app on Samsung smart TVs that will allow users to play Xbox games without a console, in a push to increase subscribers of its videogame streaming service. The move, announced Thursday, is part of an industrywide trend to put gaming on the cloud and lock in players to subscriptions. Microsoft’s subscription…

Problems such as production hitches and a shortage of manufacturing equipment have raised concerns over the ability of TSMC and Samsung to meet delivery promises to customers. Problems such as production hitches and a shortage of manufacturing equipment have raised concerns over the ability of TSMC and Samsung to meet delivery promises to customers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…

TOKYO— Apple Inc. AAPL 0.17% has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said.India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as alternatives to China, the people said. More than 90% of Apple products such as iPhones, iPads and…

SEOUL—President Biden began his three-day trip to South Korea with a visit to a Samsung Electronics Co. semiconductor plant, underscoring the technology ties between the countries as the U.S. seeks to strengthen supply chains and reboot its own manufacturing amid competition with China.“These little chips—only a few nanometers thick—are the key to propelling us into the next era of technological development,” Mr. Biden said on Friday at the plant. He added, ”Our two nations work…