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Samsung refuses to cut chip output despite plunging profits

Samsung Electronics reaffirmed Tuesday that there will be no artificial production cut in its memory semiconductor production, even though the chip giant suffered from plunging profits in the fourth quarter of 2022. Instead, the company aims to proactively respond to chip demand, which it projects will recover in the future. In its earnings announcement, Samsung said fourth quarter sales dropped 7.97 percent year-on-year to 70.46 trillion won ($57.22 billion), while operating profit plunged 68.5...
Baek Byung Yeul Kim Jae June Gyeonggi Province Courtesy Of Samsung Electronics Samsung Electronics Device Solutions Samsung Electronic

Badve Engineering Ltd rebrands as Belrise Industries Ltd

Pune (Maharashtra) [India], January 16 (ANI/PNN): Badve Engineering Ltd, a leading manufacturer of automotive systems and components, announced that it has rebranded Belrise Industries. The company's new name and branding reflect its commitment to innovation and growth, as well as its expanding focus on the development of cutting-edge technologies. "We are thrilled to unveil our new name and branding as Belrise Industries," said Shrikant Badve, Managing Director of the company. &qu...
Supriya Badve Shrikant Badve Milind Kale Ashish Pandey Bhagwat Karad Badve Engineering Limited

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