Order the King of Android! Get your Galaxy S25 Ultra today! Follow us on Google news!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
Notifications

Hundreds of Samsung execs to hold company-wide meetings

Business
By 

Last updated: December 9th, 2022 at 14:56 UTC+01:00

Samsung executives are planning a few company-wide global strategy meetings before the end of the year to discuss the mobile phone and home appliance businesseses, as well as the future of the chip-making division amid the ongoing uncertainties in the macroeconomic environment.

Samsung's Device Experience (DX) division will hold a meeting next week on Thursday and Friday. The division also entered emergency mode earlier this week, as Samsung Electronics decided to cut down on business expenses and overseas trips.

Meanwhile, Samsung's chip arm will hold its meeting around December 22. The tech giant's semiconductor business experienced a ~50% year-on-year drop in Q3 2022 as consumer spending power diminished. (via The Korea Times)

The meetings will be attended by hundreds of senior executives and will be held partly online. They will discuss strategies to overcome mounting challenges caused by the sluggish global economy, geopolitical tensions, and low consumer demand.

Meanwhile, Samsung expects to continue pushing out more chips from its chip plant in China

At the same time, a different report suggests that Samsung expects its chip output from its plant in Xi'an, China, to reach a value of $14.3 billion before the end of 2022.

According to DailyTimes, the factory at Xi'an never stopped production over the past three years. And despite hurdles related to the COVID epidemic, Samsung managed to overcome logistics and supply challenges with the help of the local government.

BusinessGeneral ChinaSamsung ElectronicsSamsung Semiconductor
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung confirms Galaxy S25 doesn’t use in-house RAM, storage chips

Samsung confirms Galaxy S25 doesn’t use in-house RAM, storage chips

Before the Galaxy S25 series was launched, it was rumored that Samsung might not use its in-house DRAM and storage chips in its new high-end phones. Now, it has been confirmed that the information was correct. Galaxy S25 uses Micron's DRAM and UFS 4.0 storage chips Micron, an American memory chip maker, has confirmed that […]

  • By Asif Iqbal Shaik
  • 3 days ago
Samsung launches 2025 Odyssey OLED G8 gaming monitor in China, check out specs

Samsung launches 2025 Odyssey OLED G8 gaming monitor in China, check out specs

At CES 2025, Samsung unveiled a new version of the Odyssey OLED G8 gaming monitor, which has the model number G81SF. Back then, it only talked about the 27-inch variant of the monitor. However, we were also expecting to see a 32-inch version. Well, both of them are finally here and available to purchase. Let’s […]

  • By Abid Iqbal Shaik
  • 4 days ago
Samsung explains its Dolby Atmos rivaling Eclipsa Audio standard

Samsung explains its Dolby Atmos rivaling Eclipsa Audio standard

Alongside its new TVs and soundbars, Samsung unveiled a new spatial audio format at CES 2025. This audio format, called Eclipsa Audio, is co-developed with Google to rival Dolby Atmos. Samsung has now explained more about it. Samsung's Eclipsa Audio standard is flexible and royalty-free Eclipsa Audio is an effort to make a reliable spatial audio […]

  • By Asif Iqbal Shaik
  • 4 days ago
TSMC’s Intel foundry deal could spell trouble for Samsung

TSMC’s Intel foundry deal could spell trouble for Samsung

Samsung's been struggling to catch up with TSMC in the lucrative contract chip manufacturing market. The Korean giant has been investing heavily in new foundry facilities to increase its capacity and technology, but there's a new deal on the horizon that might spell trouble for Samsung. TSMC holds the dominating market share while Samsung is […]

  • By Adnan Farooqui
  • 5 days ago
Samsung’s Harman acquisition is now paying off big time

Samsung’s Harman acquisition is now paying off big time

Harman International, best known for the 12+ audio brands it owns, was acquired by Samsung in 2017 for $8 billion. This was the company's most expensive acquisition yet and has remained so as Samsung hasn't made any major acquisitions since then. Despite a rocky start and challenges along the way that had many questioning the […]

  • By Adnan Farooqui
  • 5 days ago
Samsung board gets chip experts to counter business struggles

Samsung board gets chip experts to counter business struggles

Samsung Electronics's chip business needs some serious course correction. Following a major organizational reshuffle, the company has now elected chip experts to its board as it seeks to overcome the many business challenges that it faces. Among the chip division's challenges are yield issues with its 3nm process that have prevented Samsung from winning foundry […]

  • By Adnan Farooqui
  • 6 days ago