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| Samsung's AI home appliances zero in on customer experience |
9/10/2024 |
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Samsung Electronics executive Han Jong-hee says the company's AI-powered home appliances meet only 30% of consumer expectations and the company is striving to meet consumer standards with new AI features such as Voice ID and Ambient Sensing. Han highlighted the company's shift toward focusing on user experience and plans to integrate screens into all home appliances
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| Americas Overtake China in Semiconductor Chip Sales |
9/5/2024 |
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The Semiconductor Industry Association reported that global semiconductor sales reached $51.3 billion in July, marking an 18.7% increase from July 2023 and a 2.7% rise from June 2024. Chip sales in the Americas increased to $15.4 billion, outpacing China's $15.2 billion and marking the first time in five years the Americas came out on top.
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| Foundry revenues rose in Q2 with TSMC, Samsung leading |
9/4/2024 |
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Foundry revenues saw a boost in the second quarter, and the top five positions remained unchanged, with Taiwan Semiconductor Manufacturing Co. and Samsung Electronics at the top. TSMC achieved a 10.5% revenue increase to $20.82 billion, and Samsung's revenue rose 14.2% to $3.83 billion. SMIC, UMC and GlobalFoundries rounded out the top five spots.
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| Intel CEO to pitch board on plans to shed assets, cut costs, source says |
9/4/2024 |
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*Intel CEO Pat Gelsinger and other executives to present plans to trim down company
*CEO will present ideas at mid-September meeting,
*Plans could include selling Altera programmable chip unit, sources say
*Capital spending cuts may include German factory expected to cost $32 billion, source says
*Intel has retained Morgan Stanley and Goldman Sachs to advise on asset sales
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