Samsung to cut executive-level jobs from chip division; moves upcoming Wafer Foundry Forum event to online only
Company is looking to streamline foundry business in wake of disappointing Q3 results
Company is looking to streamline foundry business in wake of disappointing Q3 results
Expected $6.8bn profits for quarter lower than company hoped for
Company is also looking to resolve strike action taking place at Indian factory
Approximately 900 workers at factory near Chennai have walked out
Union now has more than 36,500 members
HBM3E chips reportedly still yet to meet Nvidia’s standards
Union held victory rally at Giheung Campus ahead of the talks
Decision made after management failed to engage in pay and benefits negotiations
Negotiations over pay and benefits have once again broken down
Decision for facility in Taylor expected to be made in Q4 2024
Company says its Foundry AI business has increased by 80 percent in the past year
Workers angry over below-average pay rises and being blamed for “obvious management failures”
Incident occurred at Giheung chip fab earlier this week
South Korean chip maker denies claims
Jun has been with the company for 24 years
The CPU will feature 80 Arm Neoverse V1 cores
The vendor has lofty Open RAN ambitions
AI boom has fueled memory chip demand
First quarter revenue totaled $52.3bn
Internal task force has already been established to spearhead research
The facilities will be split across the cities of Taylor and Austin
Nvidia A100s and H100s amongst restricted semiconductors purchased in China
Majority of vendors analyzed by Gartner saw year-on-year revenue decline over last 12 months
Initial investments from the companies total around $471 billion - but derided as a "nothing burger" by analyst
The company will invest $280m in the project
Big tech looks to keep the chip designer neutral
Made in China, designed in South Korea
Samsung Electronics CEO detailed plans in lecture at the Korea Advanced Institute of Science Technology