#electronic giants samsung

[nando161mando]

Samsung execs will be forced to work a SIX day week after lackluster 2023 financial results

[lanshengic]

Daily Semiconductor Industry Information By Lansheng Technology

1. At the VLSI Symposium 2023, which will be held next month, Intel will demonstrate the PowerVia technology verification chip.

2. On May 5th, Samsung Electronics is expected to surpass its main competitor TSMC in the field of chip foundry within 5 years.

3. According to media reports, Meta recruited a team from the British artificial intelligence chip company Graphcore. The team previously worked in Oslo, Norway, and was developing AI networking technology at Graphcore until late last year.

4. On May 5, 2023, semiconductor product companies Alpha and Omega Semiconductor once fell by 11.64% in intraday trading, and once touched $20.64. The stock price hit a new low since November 18, 2020.

5. Following in the footsteps of #Samsung, SK Hynix and Micron, the US chip giant Qualcomm’s latest quarterly revenue fell -16.9% year-on-year to US$9.275 billion, and its net profit fell sharply -41.9%. The three major business segments of mobile phones, automobiles and IoT All have declined to varying degrees, and its forecast data for the third fiscal quarter is also lower than market expectations.

Lansheng Technology Limited (https://www.lanshengic.com/) is a global distributor of electronic components that has been established for more than 10 years, headquartered in Shenzhen China, who mainly focuses on electronic spot stocks

[thegingermusicman]

4 Reasons to Love Seoul, South Korea

Seoul, Korea is one of the best places to live in the world and here's why:

1. The Food

Korean food is some of the most delicious in the world. Korea is the home of kalbi (marinated barbecued ribs), bulgogi (spicy, marinated pork), kimchichiggae (spicy soup), bibimbab (mixed rice), etc. You also get more side dishes than main dishes, which can be nice in mixing up your eating experience. Most importantly, in Korea, you get lots and lots of Kimchi. Kimchi is delicious and great for your health. When Korean came out relatively unscathed from the SARS outbreak, Korean credited the nation's kimchi consumption. Also, it's important to note that most restaurants (even McDonald's) delivers. And they deliver the food with teenage boys on scooters. What more could you ask for? Also, I should mention that McDonald's delivers 24 hours a day, seven days a week. Also, there's live octopus.

2. Korean Bath Houses

A Korean bath house is one of the most wonderful places you will ever go. The houses are split into two sections: one for males, one for females. Everyone strips down completely naked jumps into various little pools with different herbs and salts in them. They are also various temperatures. By the end of your experience, you will feel more refreshed than you ever have in your life.

Also, Korean bath houses have bidet sprayers. Bidet sprayers are like strong shower heads that are on a long cable so you can point in any direction. Bidet sprayers help you clean every part of your body, especially the parts you normally don't get to clean very well. Additionally, you can also find bidet sprayers in most of the toilets around the city.

3. Heated Floors

When it gets cold in the winter, at least your floors will be heated (ondol). This is nice, because instead of sleeping on a bed, most Koreans sleep on pads on the floor. Additionally, instead of sitting on chairs at meals, most Koreans sit on pillows on the floors. Heated floors are nice on a cold day when you can get home and walk around barefoot on the warm, heated floors.

4. Technology

Seoul is more wired than any other city in the world. It is the birthplace of global electronics companies like Samsung and LG. Apartments in Seoul are controlled from cell phones and central keypads. Facial recognition is used in addition to bio-recognition security systems. Once a giant landfill, Seoul's Digital Media City's 557,00 square meters of electronic nirvana is the home for broadcasting, film production, games, telecom companies, cable channels, online shopping centers and e-learning.

[gqresearch24]

Samsung Workers To Strike: First Walkout In Company’s History

(Source – BBC)

For the first time in its history, Samsung Electronics in South Korea is facing a strike. The Nationwide Samsung Electronics Union (NSEU), which represents tens of thousands of workers, announced a one-day strike set for June 7. This unprecedented move comes after unsuccessful negotiations regarding pay and bonus arrangements.

During a press conference streamed on its official YouTube channel, the NSEU revealed that 28,000 members, nearly a quarter of Samsung’s workforce in South Korea, would participate in the strike. Union representatives expressed their frustration, stating, “We can no longer afford to see a company that has no will to negotiate. We will fight for workers’ rights and interests.”

Demands In Strike for Fair Compensation and Transparency

Son Woomok, a union leader, highlighted that many NSEU members are employed in Samsung’s flagship semiconductor unit. In an interview with CNN, he emphasized the union’s demands for transparent and fair performance bonuses and wage increases. “There has never been a proper wage negotiation. It has always been carried out by announcing the outcome at the labor-management council, which does not include our union, and the company telling us to accept it,” Son said.

In response, a Samsung spokesperson told CNN, “The company remains committed to engaging in good faith negotiations with the union and is making every sincere effort to come to an agreement.”

Samsung’s Recent Struggles and Future Prospects

The world’s largest memory chipmaker has faced significant challenges in recent years. The COVID-19 pandemic led to a historic shortage of computer chips, followed by a slump in demand as global economic uncertainty dampened consumer appetite for electronics. In January, Samsung reported an operating profit of 6.567 trillion won ($4.8 billion) for 2023, marking its weakest annual performance since 2009. Additionally, Samsung lost its position as the world’s top smartphone maker.

Despite these setbacks, Samsung remains optimistic about the future, particularly due to the AI boom. The company expects a resurgence in demand for mobile devices, driven by the rollout of new AI-powered smartphones. Last month, Samsung reported a more than 10-fold increase in first-quarter operating profit, fueled by forecasts of high demand for AI and high-end chips. In this area, Samsung competes with industry giants such as Intel (INTC) and Taiwan’s TSMC.

Strategic Position in the Global Microchip Industry

The production of advanced microchips is heavily concentrated in Taiwan and South Korea. While Taiwan’s semiconductor industry is larger and more dominant, South Korea is determined to bolster its position in the global market. As one of the key players in this competitive industry, Samsung’s performance and strategic decisions will significantly impact the broader market dynamics.

The upcoming strike by Samsung’s workforce underscores the critical issues of fair compensation and transparent negotiation processes within the company. As the labor union and Samsung continue their negotiations, the outcome will not only affect the company’s internal operations but also have wider implications for the global tech industry.

The world will be watching closely as Samsung navigates this challenging period, balancing its commitment to workers with its strategic goals in the rapidly evolving technology landscape.

[swldx]

BBC 0407 7 Jun 2024

12095Khz 0358 7 JUN 2024 - BBC (UNITED KINGDOM) in ENGLISH from TALATA VOLONONDRY. SINPO = 55434. English, dead carrier s/on @0358z then ID@0359z pips and newsday preview. @0401z World News anchored by Chris Berrow. Donald Trump returned to the campaign trail Thursday with a trip to Arizona, his first appearance in a battleground state since he was convicted in a hush money scandal, repeating his critiques of the case against him as politically motivated and calling for his conviction to be overturned on appeal. Israeli Prime Minister Benjamin Netanyahu will address US lawmakers in Washington DC on 24 July, congressional leaders announced on Thursday. Republicans and Democrats both invited the prime minister to speak, but the date of his speech was not made official until Thursday. Last month the International Criminal Court's prosecutor applied for arrest warrants against the Israeli leader and his defence minister, Yoav Galant, on charges related to the war. A Samsung Electronics union staged its first walkout on Friday, signalling more assertiveness among workers just as South Korea's most powerful conglomerate races to catch up in chips used in artificial intelligence (AI). Samsung Electronics said there was no impact on production or business activity. The strike fell a day after a public holiday and the number of employees on annual leave was fewer than on the equivalent day last year, the firm said. President Emmanuel Macron said France plans to provide Mirage 2000 warplanes to Ukraine and train Ukrainian pilots this summer. Mr Macron did not specify how many single-engine jet fighters would be provided, by when or under what financial terms. He said France had proposed to train 4,500 Ukrainian soldiers but did not clarify where the soldiers would be trained. Russian President Vladimir Putin said on Wednesday he could deploy conventional missiles within striking distance of the United States and its European allies if they allowed Ukraine to strike deeper into Russia with long-range Western weapons. Putin, in his first face-to-face meeting with senior editors of international news agencies since the war in Ukraine began, said the West was wrong to assume Russia would never use nuclear weapons, and said the Kremlin's nuclear doctrine should not be taken lightly. At least 150 people, including 35 children, are feared dead in a massacre in a village in central Sudan blamed on the Rapid Support Forces (RSF), the paramilitary group fighting the army. The rivals have been battling over control of the country for more than 13 months. The RSF has not commented on the accusations, but on Thursday boasted of attacking two army positions. The U.S. military said on Thursday it had destroyed eight Houthi drones and two uncrewed surface vessels in the Red Sea in the past 24 hours. The U.S. military's Central Command said its forces had also successfully engaged a drone launched from a Houthi-controlled area of Yemen and that Houthis had launched an anti-ship ballistic missile. There were no reports of damage or injury, it said. The woman who identified herself as the inspiration behind the character Martha Scott in the Netflix hit drama series Baby Reindeer has filed a $170m lawsuit against the streaming giant. In a lawsuit filed on Thursday in the US district court for the central district of California, Fiona Harvey accused Netflix of defamation, intentional infliction of emotional distress, negligence, gross negligence and violations of her right of publicity. @0406z "Newsday" begins. Backyard fence antenna, JRC NRD-535D. 250kW, beamAz 315°, bearing 63°. Received at Plymouth, MN, United States, 15359KM from transmitter at Talata Volonondry. Local time: 2258.

[medhey]

Perth's Shopping Haven: Unveiling the Top Online Stores

Living in Perth and love the ease of online shopping? You're in luck! Perth boasts a vibrant online marketplace catering to all your needs, from trendy fashion finds to top-of-the-line appliances. Ditch the crowded malls and skip the traffic with this guide to Perth's best online retailers:

Bhutan Mobile Online Shopping

small business growth

For the Brand Name Enthusiast:

Australian Retail Giants: Major players like Myer, David Jones, Kmart, Target, and Big W offer extensive online stores with delivery options for Perth.

Local Perth Businesses: Many Perth stores have established online presences, allowing you to discover unique products and support local Perth businesses.

Craving International Brands? We've Got You Covered:

Global E-commerce Leaders: While giants like Amazon, Flipkart, and Snapdeal don't have a physical presence in Australia, some third-party sellers might offer their products with international shipping (be sure to factor in customs fees).

Looking for Something Specific? Perth Delivers:

Fashion Fanatics: Unleash your inner stylist with ASOS, Boohoo, The Iconic, Glue, and a plethora of Perth-based online boutiques offering the latest trends from local and international brands.

Tech Savvy Shoppers: Find all the latest gadgets and electronics from Apple, Samsung, Microsoft, JB Hi-Fi, and Harvey Norman at their online stores.

Beauty Buff: Pamper yourself with a vast selection of cosmetics and beauty products from Mecca Cosmetica, Sephora, Priceline Pharmacy, and Adore Beauty.

Homebody Bliss: Spruce up your living space with furniture and appliances from Ikea, Temple & Webster, Fantastic Furniture, and The Good Guys. Explore Perth's thriving online marketplace on Etsy for unique homeware finds.

Car Enthusiasts: Perth dealerships offer online browsing for new and used cars. Look for websites from your favorite brands like Toyota, Ford, Holden, Hyundai, and Kia.

Beyond Shopping:

The Medhey Ecommerce App goes beyond just shopping! It serves as a one-stop platform for Perth residents, allowing you to:

Search for local jobs

Stay updated with Perth news

Book travel and experiences

Connect with friends and family on social media

Discover new businesses in Perth

Download the Medhey Ecommerce App today and unlock the convenience of having Perth at your fingertips!

Please note: This content focuses on Perth-based retailers and reputable online stores and excludes information on car brands beyond those listed.

See more:-

Amazon Shopping in Bhutan

Bhutan Mobile Online Shopping

small business growth

business ideas in Bhutan

business oppurtunities in bhutan

[5gdiginews]

Samsung Union Plans First-Ever Strike

A union representing workers at Samsung Electronics has called for a strike for the first time in the South Korean technology giant’s history after talks over a pay rise failed. samsung-union-plans-first-ever-strike

[moshoku]

Discover the remarkable transformation of Samsung - from a humble grocery trading store to a global technology powerhouse! In this captivating video, we'll delve into the company's remarkable journey, exploring how it evolved from its modest beginnings to become a dominant force in the world of electronics and innovation.

Uncover the strategic decisions, visionary leadership, and relentless pursuit of excellence that propelled Samsung to the forefront of the industry. Learn about the key milestones, groundbreaking products, and the company's unwavering commitment to staying ahead of the curve.

Whether you're a tech enthusiast, a business aficionado, or simply curious about the rise of one of the world's most influential brands, this video promises to take you on an engaging and informative exploration of Samsung's remarkable story.

Don't miss this opportunity to gain valuable insights into the making of a global technology giant. Like and share this video to spread the word and stay tuned for more captivating content!

[thxnews]

Global AI Safety Commitments Reached

At the AI Seoul Summit, a landmark agreement has been reached as 16 leading AI tech companies from North America, Asia, Europe, and the Middle East committed to a new set of safety standards. This world-first initiative aims to ensure the responsible development and deployment of artificial intelligence, addressing significant risks while promoting transparency and accountability in AI governance.  

New Global AI Safety Standards

In an unprecedented move, sixteen AI tech giants from around the globe have agreed on comprehensive safety commitments. This historic agreement, revealed at the AI Seoul Summit on May 21st, marks a significant step towards unified global standards for AI safety. These companies, including Amazon, Google DeepMind, IBM, and Microsoft, are at the forefront of AI development and have now pledged to uphold stringent safety measures.   Companies Involved and Their Commitments Company Name Country Amazon USA Anthropic USA Cohere Canada Google / Google DeepMind USA G42 UAE IBM USA Inflection AI USA Meta USA Microsoft USA Mistral AI France Naver South Korea OpenAI USA Samsung Electronics South Korea Technology Innovation Institute UAE xAI USA Zhipu.ai China These companies have pledged to: Publish safety frameworks outlining how they'll measure risks in their advanced AI models. Conduct rigorous risk assessments to identify potential misuse by bad actors. Halt development of any AI models where risks can't be adequately mitigated.  

Significance of the Agreement

Setting a Precedent This agreement is a world-first in terms of scale and scope, involving major AI developers from multiple continents. It sets a precedent for future international cooperation in AI governance. Prime Minister Rishi Sunak hailed the agreement as a pivotal moment for global AI safety standards, emphasising that it ensures transparency and accountability in AI development.   Enhanced Safety Measures The commitments include measures such as: - Publishing Safety Frameworks: Companies will outline how they measure and mitigate risks associated with their AI models. - Thresholds for Severe Risks: If risks are deemed intolerable and cannot be mitigated, companies will stop developing or deploying the models. - Transparency and Accountability: Ensuring public transparency on safety practices and governance structures.  

Perspectives from Industry Leaders

Several key figures have expressed their support for the new commitments: Michelle Donelan, Technology Secretary: "The true potential of AI will only be unleashed if we can manage its risks. Today’s agreement bolsters our efforts by ensuring better representation across the globe."   Tino Cuellar, President of the Carnegie Endowment for International Peace: "Efforts like the safety commitments announced at the Seoul Summit will play a central role in strengthening effective governance."   Reid Hoffman, Co-founder of LinkedIn and Inflection.AI: "These commitments are crucial for managing the most severe risks of advanced AI, paving the way for responsible AI development."  

The Role of Government and Future Prospects

The UK and Republic of Korea have played significant roles in facilitating this agreement, building on previous commitments made at the Bletchley Park AI Safety Summit. These new commitments are expected to influence upcoming discussions at the AI Action Summit in France in early 2025.   Next Steps As part of the agreement, companies will collaborate with trusted actors, including home governments and international bodies, to refine and implement their safety frameworks. This collaboration is crucial for setting actionable thresholds and ensuring the responsible advancement of AI technologies.  

Conclusion

The historic commitments made at the AI Seoul Summit mark a significant step forward in global AI safety. By uniting major AI developers across continents, this agreement sets a new standard for transparency, accountability, and responsible innovation in the AI industry. These efforts not only address current risks but also pave the way for a safer, more ethical future in AI development. As the world continues to grapple with the rapid advancements in AI, such cooperative efforts are essential for harnessing the benefits of AI while mitigating its risks. Today's commitments are shaping the future of AI governance. This ensures the safe and responsible development of this transformative technology, benefiting all of humanity.   Sources: THX News, Department for Science, Innovation and Technology, The Rt Hon Michelle Donelan MP & The Rt Hon Rishi Sunak MP. Read the full article

[jcmarchi]

Microsoft unveils new Copilot+ PCs featuring AI capabilities

New Post has been published on https://thedigitalinsider.com/microsoft-unveils-new-copilot-pcs-featuring-ai-capabilities/

Microsoft unveils new Copilot+ PCs featuring AI capabilities

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Microsoft has launched a new type of personal computer designed with AI capabilities, underscoring the company’s commitment to integrating cutting-edge technology across its product lineup. 

This new category not only boosts Microsoft’s ventures but also positions it to compete directly with AI-led advancements from tech giants such as Alphabet and Apple. During an event at Microsoft’s campus in Redmond, Washington, CEO Satya Nadella unveiled the Copilot+ PCs. These computers, developed in collaboration with manufacturers like Acer and Asustek Computer, align with Microsoft’s stock prices reaching near all-time highs amid Wall Street’s expectations that AI will significantly boost earnings for major tech firms.

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These PCs are engineered to manage a greater share of AI tasks locally, reducing reliance on cloud data centres. Priced from $1,000, the devices are slated to begin shipping on June 18. The lineup includes laptops from established manufacturers such as Dell Technologies, HP, and Samsung Electronics, complemented by two models from Microsoft itself.

Technical innovations and product range

The Surface Laptop, Microsoft’s inaugural Copilot+ device, features a Qualcomm Snapdragon X series system-on-chip. This chip includes a built-in AI accelerator capable of delivering up to 45 tera operations per second (TOPS) of computing power. Available in 13.5-inch and 15-inch models, these laptops offer up to 64 gigabytes of RAM and 1 terabyte of flash storage.

Joining the Surface Laptop is the new Copilot+ version of the Surface Pro, a versatile two-in-one PC. This 10.6-inch tablet converts into a laptop with a detachable keyboard, known as the Flex Keyboard, which also functions as a wireless connector and stylus charger for the Surface Pro.

Both the Surface Laptop and Surface Pro are equipped with the Snapdragon X processor, available with up to 32 gigabytes of RAM and one terabyte of storage. The high-end models feature an OLED display, enhancing visual quality significantly.

A distinctive feature of the Copilot+ series is “Recall,” which allows the device to log all user activities—from web browsing to voice chats—and store this data locally. This functionality creates a searchable history that users can access to revisit past activities, even months later.

Yusuf Mehdi, head of consumer marketing at Microsoft, announced at the press event that the company anticipates selling 50 million AI PCs in the coming year. He emphasised that the enhanced capabilities of AI assistants, now operating directly on these PCs, will make a compelling case for consumers considering upgrades.

Despite a 15% decline in global PC shipments last year, according to Gartner, Microsoft is optimistic about the potential market share for its Copilot+ PCs.

Analyst Ben Bajarin from Creative Strategies remarked: “People just need to be convinced that the device experience alone justifies this entirely new category of Copilot+ machines.”

Echoing Intel’s 2011 strategy with the “Ultrabook,” which aimed to compete against Apple’s MacBook Air, Microsoft’s introduction of the “Copilot+” category is poised to redefine the slim-form Windows laptop market.

Microsoft also revealed that GPT-4o, the latest advancement from OpenAI’s ChatGPT, will soon be integrated into Copilot. Additionally, the new series of Surface Pro tablets and Surface Laptops will incorporate Qualcomm chips based on Arm Holdings’ designs, utilising the innovative Prism technology to adapt software originally designed for Intel and AMD processors for use on Arm-based systems.

At a recent demonstration, Microsoft showcased how its new devices, running Adobe photo editing software, outperformed an Apple device, just weeks after Apple introduced a new AI-focused chip expected to enhance future laptops.

Challenges and opportunities in the evolving PC market

Facing strong competition in the traditional PC market, Microsoft continues to lead in integrating the latest AI trends into consumer products. This strategic initiative, fueled by its partnership with OpenAI, aims to secure a leadership position in the fiercely competitive AI industry, challenging rivals like Alphabet.

Just last week, both OpenAI and Alphabet’s Google introduced new AI technologies that support real-time, voice-responsive interactions, establishing new benchmarks for AI voice assistants. Meanwhile, Windows PC manufacturers are contending with increased pressure from Apple, whose custom Arm-based chips have set new standards in battery life and performance.

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including Intelligent Automation Conference, BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

Tags: ai, artificial intelligence, generative ai, microsoft

[freepressjournals]

FMS Summer Placements 2024: 289 Students Placed with Average Stipend of Rs 2.96 Lakh

The Faculty of Management Studies (FMS) has concluded its summer placements for the batch of 2023–25, achieving remarkable success. Out of 304 offers made by 101 participating companies, a total of 289 students have been successfully placed.

According to data released by FMS, the average stipend for the top 10 percent of students stands at Rs 4.22 lakh, Rs 4.03 lakh for the top 25 percent, and Rs 3.57 lakh for the top 50 percent. Notably, there has been a consistent increase in stipend across all categories over the past three years. The average stipend for the entire batch is Rs 2.96 lakh, with the median stipend recorded at Rs 3 lakh.

Sector-wise Performance

E-commerce companies continued their strong presence in FMS placements, offering sought-after product and program management roles. Major recruiters included Adobe, Amazon, American Express, Arcesium, GE Vernova, HDFC Credila, Hindustan Unilever, Infoedge, Media.net, Microsoft, Natwest, Qualcomm, Samsung, Uber, and Zomato.

In the Sales and Marketing domain, FMCG giants remained prominent recruiters, while sectors like Pharmaceuticals, Consumer Electronics, Retail, E-Commerce, Industrial Goods, and Automobiles also offered lucrative roles. Top recruiters encompassed Apollo, Asian Paints, AstraZeneca, Bridgestone, Cipla, Coca-Cola, Dabur, Diageo, Disney HCCB, ITC, L’Oréal, Mondelez, Nestle, NPCI, Perfetti Van Melle, Pernod Ricard, Pidilite, Puma, Reckitt, Tata Play, and VI.

The finance sector witnessed placements in various roles including Investment Banking, Corporate Finance, Corporate Banking, and Wealth Management. Leading recruiters in this domain included American Express, Axis Bank, Bank of America, Bharti Enterprises, Citi, Goldman Sachs, HDFC, JPMC, Morgan Stanley, SMBC, White Oak, and Yes Bank.

Consulting, General Management, and Strategy roles were filled by companies such as Aditya Birla Fashion, Accenture Strategy, Adani, Airtel, Bain & Company, BCG, Capgemini, Deloitte, EY Parthenon, JSW, Kearney, KPMG, Mahindra Group, McKinsey & Co., PWC, Reliance, Renew Power, and TAS.

The successful summer placements at FMS underscore its reputation as a premier management institution, providing students with diverse opportunities across sectors. As the academic year progresses, students can look forward to leveraging their summer experiences to excel in their respective fields.

[foxnangelseo]

Boosting local manufacturing: LG to manufacture air conditioner components in India

South Korean electronics giant LG has announced a massive INR 300 crore investment to manufacture air conditioner components in India. This move is expected to generate employment and boost the Indian government's ambitious Make in India initiative.

The company has said that the new manufacturing unit will be located in Noida, Uttar Pradesh, and is expected to create 500 direct jobs and 1,000 indirect employment opportunities. The new unit will produce printed circuit boards, coils, and other key components for air conditioners. This will help LG to reduce its dependence on imports and enhance its local manufacturing capabilities.

The Indian market for air conditioners is one of the fastest-growing in the world, with sales expected to reach around 10 million units in the current financial year. The COVID-19 pandemic has further accelerated the demand for air conditioners, as people spend more time indoors. The Indian government has also launched several schemes to encourage the adoption of energy-efficient air conditioners. All these factors make India an attractive market for companies like LG to invest in.

The new manufacturing unit is expected to start production by the first quarter of 2022. LG has also announced plans to expand its existing manufacturing facilities in Pune and Greater Noida to increase its production capacity for air conditioners. The company aims to double its air conditioner production in India by 2022.

LG has been operating in India for more than two decades and has established itself as a leading player in the consumer electronics market. The company has a strong presence in various product categories such as televisions, refrigerators, washing machines, and air conditioners. With the latest investment, LG aims to further strengthen its position in the Indian market.

The Indian government has been actively promoting the Make in India initiative to encourage domestic manufacturing and reduce the country's dependence on imports. The initiative aims to attract foreign investment and boost local manufacturing capabilities. Several global companies, including Samsung, Xiaomi, and Apple, have already invested in manufacturing facilities in India.

The Indian government has also launched several schemes such as the Production Linked Incentive (PLI) scheme to encourage companies to invest in local manufacturing. The PLI scheme provides financial incentives to companies that manufacture products in India, thereby boosting domestic production.

LG's latest investment is expected to generate significant employment opportunities and boost the local economy. The company's decision to manufacture air conditioner components in India will help reduce the cost of production and enhance its competitiveness in the Indian market. This will also help LG to meet the growing demand for air conditioners in India and provide high-quality products to its customers.

In conclusion, LG's INR 300 crore investment to manufacture air conditioner components in India is a significant step towards enhancing the country's manufacturing capabilities. The move is expected to generate employment opportunities, reduce dependence on imports, and boost the Indian economy. With the Indian market for air conditioners expected to grow rapidly in the coming years, LG's decision to invest in local manufacturing will help the company to strengthen its position in the market and provide high-quality products to its customers.

This post was originally published on: Foxnangel

[coherentmarketinsights]

Exploring the Dynamics of the Advanced Energy Storage Market: Trends, Innovations, and Market Opportunities

Advanced Energy Storage Market is in trends by growing focus towards sustainability. Advanced energy storage products allow for efficient storage and release of electricity from sources like solar panels and wind turbines. These products include lithium-ion batteries, lead-acid batteries, and flow batteries that help store electricity from renewable sources for later consumption. The global advanced energy storage market is gaining prominence due to the rising adoption of battery technologies in applications ranging from consumer electronics to automobiles.

The Global Advanced Energy Storage Market is estimated to be valued at US$ 16.9 Billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the advanced energy storage are ABB Ltd., LG Chem, Ltd., Samsung SDI Co., Ltd, General Electric Company, and Tesla Inc. These players are investing heavily in developing advanced battery technologies and solutions to capture a major share of the global market. ABB Ltd. is a pioneer in energy storage solutions focusing on grid-scale projects while Tesla Inc. has revolutionized the electric vehicle market with its affordable lithium-ion batteries. The growing demand for reliable and sustainable energy is a major factor driving the advanced energy storage market. Renewable energy technologies are gaining worldwide acceptance but issues related to inconsistent energy production are boosting the requirement for large-scale energy storage systems. Advancements in battery technology and declining battery prices are also fueling the demand for energy storage across various applications. Global expansion of major players in the advanced energy storage market through partnerships, new facilities, and acquisitions will help strengthen their geographic presence. While North America and Europe remain lucrative markets, Asia Pacific is emerging as a high growth region supported by the rapidly developing renewable energy industries in China, Japan, and India. Market key trends The shift towards lithium-ion batteries is a major trend in the advanced energy storage industry. Lithium-ion battery technology offers higher energy density, longer lifespan, and better performance compared to other battery types. It has emerged as the preferred chemistry for applications ranging from consumer electronics to electric vehicles. Growing investments by automotive giants in developing affordable and high-capacity lithium-ion battery packs for EVs will further propel the demand.

[swamyworld]

Best Samsung TV deals: 4K TVs, QLED TVs, OLED TVs, 8K TVs

Sorting through some of the best TV brands is a great way to start the search for a new TV. Samsung is at the top of many people’s lists, and the electronics giant has plenty to offer if you’re looking for a new TV for your living room, basement or home theater setup. Samsung regularly puts out some of the best TVs you can buy, and it offers some great value, as it regularly has models on the…

[systemtek]

Nvidia supplier SK Hynix says its high-bandwidth memory chips used in AI processors almost sold out for 2025

SK Hynix announced on Thursday that its high-bandwidth memory (HBM) chips, integral to AI processors, are completely sold out for the year and nearly exhausted for 2025. This surge in demand comes as businesses aggressively expand their AI services. As a key supplier to Nvidia, the world’s second-largest memory chip maker is gearing up to dispatch samples of its latest innovation, the 12-layer HBM3E, starting May, with mass production slated for the third quarter. “The HBM market anticipates sustained growth alongside the expansion of data and AI model sizes,” stated SK Hynix CEO Kwak Noh-Jung during a news conference. “We foresee an annual demand growth of approximately 60 per cent in the mid- to long-term.” Competing with US rival Micron Technology and domestic giant Samsung Electronics in the HBM sector, SK Hynix held exclusive rights to supply these chips to Nvidia until March, analysts revealed. However, major buyers of AI chips are now keen on diversifying their suppliers to bolster operational margins. With Nvidia currently dominating around 80 per cent of the global AI chip market, this strategic move is poised to reshape the industry landscape. Micron has reported that its HBM chip inventory is fully depleted for 2024, with the majority of its 2025 supply already spoken for. The company intends to distribute samples of its 12-layer HBM3E chips to clients come March. "As advancements in AI functionalities and performance outpace projections, the demand for ultra-high-performance chips like the 12-layer variants appears to be escalating faster compared to 8-layer HBM3Es," remarked Jeff Kim, research head at KB Securities. Samsung, set to commence production of its HBM3E 12-layer chips in the second quarter, disclosed this week a more than three-fold surge in HBM chip shipments for the current year. The company affirmed completion of supply negotiations with clients, without providing further details. Last month, SK Hynix unveiled a $3.87 billion blueprint to construct a cutting-edge chip packaging facility in the US state of Indiana, featuring an HBM chip line. Additionally, it announced a 5.3 trillion won (approximately $3.9 billion) investment in a new DRAM chip plant domestically, with a specific emphasis on HBMs. By 2028, the proportion of chips dedicated to AI applications, including HBM and high-capacity DRAM modules, is projected to represent 61 percent of the total memory volume in terms of value, compared to a mere 5 percent just last year, as stated by Justin Kim, SK Hynix's AI infrastructure lead. During a post-earnings conference call last week, SK Hynix cautioned that there could potentially be a shortage of standard memory chips for smartphones, personal computers, and network servers by the end of the year if the demand for tech devices surpasses expectations. Read the full article