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Samsung Warns of Severe Chip Crunch on a Global Level

Samsung Warns of Severe Chip Crunch on a Global Level Samsung expects the chip shortage to pose a problem to its business next quarter. By Sohee Kim, Bloomberg | Updated: 17 March 2021 12:44 IST Chipmakers like Samsung and TSMC are at forefront of global effort to plug a shortfall in supply of chips Highlights Samsung may decide not to introduce Galaxy Note during 2021 Samsung’s shares were largely unchanged in Seoul Samsung Electronics warned it s grappling with the fallout from a “serious imbalance” in semiconductors globally, becoming the largest tech giant to voice concerns about chip shortages spreading beyond the automaking industry. Samsung, one of the world s largest makers of chips and consumer electronics, expects the chip shortage to pose a problem to its business next quarter, co-Chief Executive Officer Koh Dong-jin said during an annual shareholders meeting in Seoul. The company is also considering skipping the introducti

Samsung Warns of Severe Chip Crunch While Delaying Marq

Samsung, one of the world’s largest makers of chips and consumer electronics, expects the chip shortage to pose a problem to its business next quarter, co-Chief Executive Officer Koh Dong-jin said during an annual shareholders meeting in Seoul. The company is also considering skipping the introduction of a new Note one of its best-selling models this year, though Koh said that was geared toward streamlining its line-up. Industry giants from Continental AG to Renesas Electronics Corp. and Innolux Corp. have in recent weeks warned of longer-than anticipated deficits thanks to unprecedented Covid-era demand for everything from cars to game consoles and mobile devices. Samsung, the world’s largest smartphone maker, is working with overseas partners to resolve the imbalance and avert potential setbacks to its business, the executive said.

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