Samsung Electronics estimated on Friday a more than 10-fold rise in its first-quarter operating profit, as rebounding semiconductor prices lifted earnings from a low base a year ago when there was a severe downturn in chip demand. The world’s largest memory chip and TV maker estimated its operating profit rose to a better-than-expected 6.6 trillion … Read more
Vellore Institute of Technology founder and chancellor, G. Viswanathan, inaugurated the Samsung Student Ecosystem for Engineered Data Laboratory recently | Photo Credit: Special Arrangement The Vellore Institute of Technology (VIT) and Bengaluru-based Samsung R&D Institute (SRI-B) have jointly set up a ‘Samsung Student Ecosystem for Engineered Data (SEED) Laboratory’ for students and faculty of artificial … Read more
The incremental GST of 6% on mobile phones has raked in ₹42,897 crore over the last three financial years, topping the nearly ₹39,000-crore outlay of the production-linked incentive (PLI) scheme for manufacturing of smartphones and making the government scheme self-sustaining, according to industry executives. In fact, the five-year smartphone PLI scheme will leave a revenue … Read more
New Delhi: Samsung has added temperature sensor functionality in its Galaxy Watch5 series that will bring temperature-based period tracking to the wrist. Samsung Electronics and Natural Cycles announced a partnership to bring advanced temperature-based menstrual cycle tracking capabilities to the Galaxy Watch5 series. The new skin temperature-based cycle tracking capabilities will be available on Galaxy … Read more
The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 … Read more
New Delhi: The government has cleared the second tranche of incentives of Rs 64.7 crore to Dixon Technologies for the mobile production-linked incentive (PLI) scheme, with the rest likely to be cleared later this month. The industry though has called on the government to expedite the release of incentives, saying the government had received enough … Read more
Electronics major Samsung India on Sunday said it has sold over 12 lakh Galaxy smartphones worth more than Rs 1,000 crore on the first day of online festive sales at Amazon and Flipkart. Samsung has slashed prices of Galaxy series smartphones in the range of 17 to 60 per cent for the festive season sales. … Read more
SoftBank Group founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic alliance … Read more
Made in India smartphone shipments grew 16 percent YoY in Q2 2022 to reach over 44 million units, according to the latest research from Counterpoint. Oppo led the Made in India smartphone shipments with a 24 percent share. Oppo’s lead was closely followed by Samsung. The domestic brand Lava led the Made in India feature … Read more
