Latest news with #Chaebol
Time of India
3 days ago
- Business
- Time of India
Open to supply products to US market from multiple sites, India based on tariff outcomes: Samsung
Academy Empower your mind, elevate your skills South Korean electronics giant Samsung is closely monitoring the Trump administration's ongoing trade negotiations and is prepared to supply products to the US market from multiple manufacturing locations, including India, depending on the outcomes, a senior company official said on that "very high" uncertainty in America necessitated its state of preparedness for various scenarios, Samsung asserted that it has a well-strategised diversification plan in place and would respond with flexibility."The uncertainty in the US is currently very high, and because of that, we have been preparing against a number of different scenarios. We are ready to produce for the US from multiple factories, including India," Samsung COO MX division - Won-Joon Choi told company, he said, has braced for different scenarios, and is prepared when it comes to diversification of factories for the product it will ship to the US."One of the things that we have prepared was to have diversification of our factories for the product we will ship to the US. Depending on the final decision by the Trump administration, we have already established a system in which we can shift from one to another to respond to the final decision more flexibly," Choi company will shift manufacturing to its India-based production facility for shipment to the US market from its other global locations if the tariffs in India is lower, a move to bring stability in business and price, Choi South Korean Chaebol -- which operates several factories around the globe in countries like China, Vietnam, and India, among others -- is ready for diversification of its production for its shipment to the US, its biggest this will depend on the final decision by the Trump administration under its new policy, which has country-specific tariffs, he pointed to Choi, the situation in the US is quite tenable, and uncertainty is very high, and Samsung was preparing against such 2024, America Zone contributed 39 per cent of Samsung's sales, followed by Europe, Asia, Africa, China and South Korea, according to marketscreener has a large production facility in Vietnam, which is its main production base for Trump administration has announced a 20 per cent tariff on Vietnam exports to the US under the new trade deal announced on July where Samsung has a large production facility for smartphones and other products, is seen as an alternative to new Trump administration is reshaping the US trade policy and working on reciprocity. It is using tariffs to address trade imbalances and promote domestic this week, President Donald Trump said the higher rates are set to take effect on August 1, has decided to impose a 25 per cent tariff on imports from South Korea and countries, including India, are engaged in negotiations of trade pacts with the US said Samsung had such scenario planning to make sure that "we can secure our business stability and price stability for the consumers as well".When asked whether the recent ban by China on the export of rare earth material will impact the global production of Samsung, Choi said: "For the near term, there have been no production disruptions so far".However, without mentioning the name of the country, he said Samsung has long been managing its global supply chain and is trying to diversify it."So, even for the rare earth metals, we have been trying to source from different companies, different countries, although I am not able to name names, but we have long been seeking diversification," he on Thursday here launched its latest Fold 7, Flip 7 and Flip 7 FE in its latest Galaxy Z series of premium foldable smartphones."In the smartphone market, especially in the premium market, we will continue to enhance the foldable form factor as it represents one of the most important form factors for us in the premium market, and we will continue to develop it," he pointed the use of Artificial Intelligence in phone systems, Choi said he believes that "we are very much nearing the tipping point".Samsung has partnered with Google and has integrated its Gemini AI into its to Choi, the basic feature of Galaxy AI would not be paid."Our policy is that for the basic AI features, they will remain free or remain at no additional cost. Now, having said that, about the premium AI experience that we are developing, both on our own and also in partnership with other companies, we are still in discussion about our policy about the premium AI experience," he is having Galaxy AI and Gemini on its smartphones. It gives users freedom to opt for any one of them. It is also open to add more such AI systems on its platform, Choi added."We are open to using any other competitive or most competitive agents. We are willing to integrate those into our Galaxy ecosystem," he said.
Time of India
3 days ago
- Business
- Time of India
Open to supply products to US mkt from multiple sites, India based on tariff outcomes: Samsung
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads South Korean electronics giant Samsung is closely monitoring the Trump administration's ongoing trade negotiations and is prepared to supply products to the US market from multiple manufacturing locations, including India, depending on the outcomes, a senior company official said on that "very high" uncertainty in America necessitated its state of preparedness for various scenarios, Samsung asserted that it has a well-strategised diversification plan in place and would respond with flexibility."The uncertainty in the US is currently very high, and because of that, we have been preparing against a number of different scenarios. We are ready to produce for the US from multiple factories, including India," Samsung COO MX division - Won-Joon Choi told company, he said, has braced for different scenarios, and is prepared when it comes to diversification of factories for the product it will ship to the US."One of the things that we have prepared was to have diversification of our factories for the product we will ship to the US. Depending on the final decision by the Trump administration, we have already established a system in which we can shift from one to another to respond to the final decision more flexibly," Choi company will shift manufacturing to its India-based production facility for shipment to the US market from its other global locations, a move to bring stability in business and price, Choi South Korean Chaebol -- which operates several factories around the globe in countries like China, Vietnam, and India, among others -- is ready for diversification of its production for its shipment to the US, its biggest this will depend on the final decision by the Trump administration under its new policy, which has country-specific tariffs, he pointed to Choi, the situation in the US is quite tenable, and uncertainty is very high, and Samsung was preparing against such 2024, America Zone contributed 39 per cent of Samsung's sales, followed by Europe, Asia, Africa, China and South Korea, according to marketscreener has a large production facility in Vietnam, which is its main production base for Trump administration has announced a 20 per cent tariff on Vietnam exports to the US under the new trade deal announced on July where Samsung has a large production facility for smartphones and other products, is seen as an alternative to new Trump administration is reshaping the US trade policy and working on reciprocity. It is using tariffs to address trade imbalances and promote domestic this week, President Donald Trump said the higher rates are set to take effect on August 1, has decided to impose a 25 per cent tariff on imports from South Korea and countries, including India, are engaged in negotiations of trade pacts with the US said Samsung had such scenario planning to make sure that "we can secure our business stability and price stability for the consumers as well".When asked whether the recent ban by China on the export of rare earth material will impact the global production of Samsung, Choi said: "For the near term, there have been no production disruptions so far".However, without mentioning the name of the country, he said Samsung has long been managing its global supply chain and is trying to diversify it."So, even for the rare earth metals, we have been trying to source from different companies, different countries, although I am not able to name names, but we have long been seeking diversification," he on Thursday here launched its latest Fold 7, Flip 7 and Flip 7 FE in its latest Galaxy Z series of premium foldable smartphones."In the smartphone market, especially in the premium market, we will continue to enhance the foldable form factor as it represents one of the most important form factors for us in the premium market, and we will continue to develop it," he pointed the use of Artificial Intelligence in phone systems, Choi said he believes that "we are very much nearing the tipping point".Samsung has partnered with Google and has integrated its Gemini AI into its to Choi, the basic feature of Galaxy AI would not be paid."Our policy is that for the basic AI features, they will remain free or remain at no additional cost. Now, having said that, about the premium AI experience that we are developing, both on our own and also in partnership with other companies, we are still in discussion about our policy about the premium AI experience," he is having Galaxy AI and Gemini on its smartphones. It gives users freedom to opt for any one of them. It is also open to add more such AI systems on its platform, Choi added."We are open to using any other competitive or most competitive agents. We are willing to integrate those into our Galaxy ecosystem," he said.
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Business Standard
3 days ago
- Business
- Business Standard
Samsung may shift US supplies to India, eyes Trump's tariff decisions
South Korean electronics giant Samsung is closely monitoring the Trump administration's ongoing trade negotiations and is prepared to supply products to the US market from multiple manufacturing locations, including India, depending on the outcomes, a senior company official said on Wednesday. Admitting that "very high" uncertainty in America necessitated its state of preparedness for various scenarios, Samsung asserted that it has a well-strategised diversification plan in place and would respond with flexibility. "The uncertainty in the US is currently very high, and because of that, we have been preparing against a number of different scenarios. We are ready to produce for the US from multiple factories, including India," Samsung COO MX division - Won-Joon Choi told reporters. The company, he said, has braced for different scenarios, and is prepared when it comes to diversification of factories for the product it will ship to the US. "One of the things that we have prepared was to have diversification of our factories for the product we will ship to the US. Depending on the final decision by the Trump administration, we have already established a system in which we can shift from one to another to respond to the final decision more flexibly," Choi said. The company will shift manufacturing to its India-based production facility for shipment to the US market from its other global locations, a move to bring stability in business and price, Choi said. The South Korean Chaebol -- which operates several factories around the globe in countries like China, Vietnam, and India, among others -- is ready for diversification of its production for its shipment to the US, its biggest market. However, this will depend on the final decision by the Trump administration under its new policy, which has country-specific tariffs, he pointed out. According to Choi, the situation in the US is quite tenable, and uncertainty is very high, and Samsung was preparing against such scenarios. In 2024, America Zone contributed 39 per cent of Samsung's sales, followed by Europe, Asia, Africa, China and South Korea, according to marketscreener data. Samsung has a large production facility in Vietnam, which is its main production base for smartphones. The Trump administration has announced a 20 per cent tariff on Vietnam exports to the US under the new trade deal announced on July 3. India, where Samsung has a large production facility for smartphones and other products, is seen as an alternative to Vietnam. The new Trump administration is reshaping the US trade policy and working on reciprocity. It is using tariffs to address trade imbalances and promote domestic production. Earlier this week, President Donald Trump said the higher rates are set to take effect on August 1, 2025. It has decided to impose a 25 per cent tariff on imports from South Korea and Japan. Several countries, including India, are engaged in negotiations of trade pacts with the US government. Choi said Samsung had such scenario planning to make sure that "we can secure our business stability and price stability for the consumers as well". When asked whether the recent ban by China on the export of rare earth material will impact the global production of Samsung, Choi said: "For the near term, there have been no production disruptions so far". However, without mentioning the name of the country, he said Samsung has long been managing its global supply chain and is trying to diversify it. "So, even for the rare earth metals, we have been trying to source from different companies, different countries, although I am not able to name names, but we have long been seeking diversification," he said. Samsung on Thursday here launched its latest Fold 7, Flip 7 and Flip 7 FE in its latest Galaxy Z series of premium foldable smartphones. "?In the smartphone market, especially in the premium market, we will continue to enhance the foldable form factor as it represents one of the most important form factors for us in the premium market, and we will continue to develop it," he pointed out. Over the use of Artificial Intelligence in phone systems, Choi said he believes that "we are very much nearing the tipping point". Samsung has partnered with Google and has integrated its Gemini AI into its devices. According to Choi, the basic feature of Galaxy AI would not be paid. "Our policy is that for the basic AI features, they will remain free or remain at no additional cost. Now, having said that, about the premium AI experience that we are developing, both on our own and also in partnership with other companies, we are still in discussion about our policy about the premium AI experience," he said. Samsung is having Galaxy AI and Gemini on its smartphones. It gives users freedom to opt for any one of them. It is also open to add more such AI systems on its platform, Choi added. "We are open to using any other competitive or most competitive agents. We are willing to integrate those into our Galaxy ecosystem," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
11-02-2025
- Yahoo
Samsung might finally end battery size woes with Galaxy S26 series
Samsung smartphones might soon fix the worst chink in their armor. According to the South Korean daily FN News, the company is mulling plans to fit next-gen silicon carbide batteries inside its upcoming Galaxy S26 series flagship smartphones. And it seems the Chaebol's mobile division won't be pulling any punches. As per the report citing industry insiders, Samsung could offer a battery as large as 6,000-7,000 mAh in capacity with the upcoming Galaxy S26 series. For comparison, Samsung's current top-tier offering, the Galaxy S25 Ultra, comes equipped with a 5,000mAh battery. The competition, however, is already offering batteries of up to 7,000mAh capacity at nearly half the sticker price of Samsung's flagships. The Korean electronics giant is reportedly keen on deriving benefits of the silicon carbide battery tech, which promises higher energy density, allowing brands to fit high-capacity batteries in smaller packages. Take for example the Red Magic 10 Pro, a phone that is nearly as big as the Galaxy S25 Ultra, but offers a 7,000 mAh battery with 100W fast charging chops. Samsung, however, is concerned about the hit on battery longevity. To fix that conundrum, the company is reportedly planning to experiment with different material choices, and adjusting the percentage concentration of silicon in the battery anode to achieve a denser, longer-lasting battery. Another advantage of silicon carbide batteries is that they don't hamper the charging pace figures. For example, brands like OnePlus and Honor have already managed to fit massive batteries in their latest flagships while simultaneously offering charging rates north of 80W in wired mode. To put that into perspective, Samsung's current-gen phones only go up to 45W in wired mode, and far slower in wireless format. The OnePlus 13, on the other hand, allows 50W wireless charging, while Samsung's best phones can only muster a peak top-up rate of 15W. Now, the latest report emerging from Samsung's home market isn't a certainty that the Galaxy S26 series will finally put an end to arguably the weakest aspect of Samsung smartphones. The shift might take another year, or two, even. But it is definitely reassuring to see that Samsung is paying attention to practical innovations and might not remain a laggard for longer than it can afford to. The company's mobile division certainly appears to be chalking the right course lately. As per Counterpoint Research data, the Samsung Galaxy S24 Ultra marked the first time since 2018 that a Samsung Galaxy device has entered the top ten list of the world's highest-selling smartphones each year.
