Samsung plans to unveil its first trifold smartphone in 2025
Samsung Electronics Co. plans to begin selling a so-called trifold smartphone later this year, joining rival Huawei Technologies Co. in exploring a relatively untested market that pushes the boundaries of foldable technology.
Acting mobile and consumer electronics chief TM Roh disclosed the plan Wednesday on the sidelines of the company's Unpacked event in New York, where Samsung unveiled three foldable smartphones as part of a strategy to reinforce its leadership in the category.
"We are working hard to release the trifold by the end of the year,' Roh told reporters. The company hasn't decided on a name for the gadget.
In developing its own trifold, Samsung is gearing up to compete with Chinese rival Huawei, which unveiled the world's first trifold smartphone in September. Huawei's device, called the Mate XT, folds in two places, and when completely unfurled, it offers a large 10-inch display for advanced multitasking and more immersive entertainment consumption.
Samsung's newly announced Galaxy Z Fold 7 phone, which folds in one place, has a smaller 8-inch inner display, though it's far thinner than Huawei's Mate XT when folded shut.
Apple Inc. is expected to enter the foldables category as early as next year, Bloomberg has reported, with an iPhone similar in concept to the Galaxy Z Fold 7 and Google's Pixel 9 Pro Fold. Other folding smartphones like Samsung's new Galaxy Z Flip 7 and Motorola's Razr Ultra fold down vertically to a compact shape with a smaller outer screen intended for brief interactions. – Bloomberg
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New Straits Times
an hour ago
- New Straits Times
Car sales set to skid further as headwinds mount
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Malay Mail
an hour ago
- Malay Mail
Samsung's Solve for Tomorrow 2025 Youth Innovation Competition is Now On
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First Prize Winning Team S$10,000 worth of Samsung products S$7,000 cash prize A trip to Samsung's headquarters and innovation facilities in South Korea Second Prize S$6,000 worth of Samsung products S$4,000 cash prize Third Prize S$3,000 worth of Samsung products S$2,000 cash prize SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025 , the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the nation gears up to celebrate SG60 in the coming weeks, this year's Solve for Tomorrow provides a platform for youths to step out and build a more secure future for Singapore. By inspiring youths in Singapore to address key societal issues via innovation and technology, they are empowered to transform creative ideas into impactful solutions for the good of society."At Samsung, we believe that youth and their application of Science, Technology, Engineering and Math (STEM) knowledge is the key to building a better future. By providing a platform for them to unleash their creativity and passion, Solve for Tomorrow aims to be the catalyst that inspires meaningful change and positive action among our youths," said Jeffrey Hahn, President, Samsung Electronics Singapore. "With this year being a milestone SG60 year, Solve for Tomorrow is calling for youths to join us in building a more secure future for Singapore. As youths put real action into their ideas to influence positive change, we believe that they will find their place in our society and become the change that they want to see in their future."Karan Gopu Pillai, the leader of Team redbluegold , the grand prize winner of the Solve for Tomorrow 2024 competition, shares his experience: "We are grateful for the Solve for Tomorrow experience, as it gave us the platform to turn our ideas into real-world solutions, to make a difference to the people we care about in our society. With the support of the organising team and mentorship from Samsung's Product and Innovation team, we not only pushed through the challenges we faced but also gained new insights and skills that will help us to face our future with confidence."This year's competition is organised in support of the national Digital for Life movement, which mobilises partners from the private, people and public sectors to help Singaporeans embrace digital as a lifelong pursuit and enrich lives through digital technology. Solve for Tomorrow 2025 also provides the opportunity for youths to develop interdisciplinary skills like critical thinking, problem-solving capabilities, as well as to expand their Science, Technology Engineering and Math (STEM) knowledge, and to elevate their potential while preparing them for the has identified four key themes for this year's competition, to encourage submissions that can build a more secure future for Singapore as we celebrate SG60. Participants can develop their ideas around these themes:Climate change is one of the most critical challenges of our time, and everyone has a role to play in shaping a more sustainable future. Whether it's conserving energy, reducing resource consumption, or improving recycling efforts, small actions can lead to big differences over is the foundation for a fulfilling and productive life, and sport and technology are key enablers that can support and enhance overall health. By making it easier for one to stay active, manage stress levels and prevent illnesses, one can also create lasting and positive change for and social harmony are key to a healthy and sustainable future. From creating solutions that remove barriers for people with disabilities, to fostering social inclusion for disadvantaged communities, let us build a Singapore where everyone feels at home, regardless of their readiness and security are growing in importance, as advances in technology unlock new opportunities. For society to move forward collectively while leaving no one behind, it is critical to enhance digital literacy and security while shaping a safer digital environment for now till 31 August 2025, students can submit their entries for the competition by forming groups of two to four and submitting their innovative ideas or solutions on the Solve for Tomorrow 2025 website The top three teams will receive the following prizes:For more information visit the Solve for Tomorrow 2025 website or reach out to the organising team at [email protected] Hashtag: #Samsung #SFT_SG_2025 #TogetherForTomorrow #ShapeTheFuture #SolveForTomorrow #SFT25 #EnablingPeople #SG60 #DigitalforLifeSG The issuer is solely responsible for the content of this announcement. About Samsung Electronics Co., Ltd. Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at
The Star
an hour ago
- The Star
Long-running hedge fund closes down
Turbulent markets: Motorists go about their routines with the central business district of Singapore in the background. New Silk Road's closure comes as smaller hedge funds face increasingly tough conditions. — Bloomberg SINGAPORE: One of Singapore's longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US investors in Asia led to a sharp drop in assets. The firm, started by two finance veterans about 16 years ago, saw assets under management plummet to US$615mil (S$787mil) as at December 2024, from almost US$2bil as recently as 2021. The closing comes as smaller hedge funds face increasingly tough conditions, from turbulent markets and geopolitical strife to the popularity of giant rivals whose myriad investment pods have attracted much of the available money. 'Our traditional source of funding from the US institutions had over the last several years been less enthusiastic about liquid equity investments in Asia, in no small part due to geopolitical reasons,' said co-founder Hoong Yik Luen. All remaining capital will be returned to investors and the vehicles shuttered, he added in an email. New Silk Road was a relative pioneer in Singapore's finance scene when it was founded in 2009 by Hoong, former head of Hong Kong-China equity products at Deutsche Bank, according to his LinkedIn profile, and Raymond Goh, former head of Asian equities at GIC. At the time, the entire hedge fund market in Singapore managed just S$59bil, a far cry from S$327bil as at December, according to the latest available data from the Monetary Authority of Singapore. The fund was among the early foreign investors in China, with a team on the ground in Shanghai. When it was approved for investing in yuan-denominated mainland Chinese stocks and bonds under the Qualified Foreign Institutional Investor programme in 2012, fewer than 200 firms had received such licences from the China Securities Regulatory Commission. But in recent years, performance suffered. Three of the past five years saw negative returns for both the Asia Landmark Fund and the China Fund, with declines of 28% and 19%, respectively, in 2022, according to people familiar with the matter. That same year, China's benchmark CSI 300 Index plummeted by 22%. The slump stretched into 2023, hitting many veteran China investors and forcing some to close shop. The firm had been particularly popular with US institutional investors, many of whom became wary of investing in Asia and began redeeming their funds, according to people familiar. 'We are just one of many active value funds in Asia that have not been the favour of the time,' Hoong said. 'The market has changed in such a way that it disfavours longer-term fundamental investing approach with value bias.' New Silk Road attempted to scale back earlier in 2025, reducing staff in Shanghai and shuttering a South-East Asia fund it had launched more recently, Hoong added. It is not clear how many staff members will be affected. While acknowledging that 'active management in Asia has been tough', Hoong said the firm was not forced to wind down due to deficits. He added that Singapore is still a successful hub for hedge funds. Instead, the two founders opted for a slower pace, and their successors were not ready to take the reins. 'We had just decided to hang up our boots to return the capital to our investors so that they can pursue a more appropriate strategy of the time,' he said. 'It's as simple as two veterans choosing a different path in life.' — Bloomberg
