Component Sense Blog

Tag: Samsung

Samsung Warns of Deepening Chip Shortage

Samsung Warns of Deepening Chip Shortage
Samsung, one of the world's largest makers of chips and consumer electronics, has issued another blunt warning to the electronics market amid the global shortage of semiconductor chips. According to recent reports, Samsung warns of a “serious imbalance” in the semiconductor industry, as shortages continue to cause disruption. The tech giant also hinted that the next Galaxy Note smartphone could be delayed until 2022, in order to streamline production lines. “There’s a serious imbalance in supply and demand of chips in the IT sector globally,” Samsung’s co-Chief Executive Officer, Koh Dong-jin, said during an annual shareholder meeting in Seoul. “Despite...

Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand

Samsung Electronics Posts 23% Rise in Profit as Pandemic Spurs Chip Demand
Samsung Electronics has posted surprisingly robust second-quarter profit, driven by high demand for computer chips amid the new work-from-home economy, despite coronavirus affecting smartphone sales. Beating analyst’s forecasts, the world’s largest manufacturer of memory chips, smartphones and electronic displays posted operating profit for the April-June period at 8.1tn Won ($6.8bn), up 22.7% of last year. The group’s results indicate the health of Asia’s technology sector in the second quarter, during which the pandemic battered global economies. Chip prices were strengthened by data centres stockpiling chips on account of the surge in online activity. However, analysts warn that this trend would...

EMS Finance Directors: How to turn your E&O stock back into cash with our tailored In-Plant solution

EMS Finance Directors:  How to turn your E&O stock back into cash with our tailored In-Plant solution
Is your senior management team committed to driving down excess and obsolete inventory levels? Read on to find out how we can help as Kenny McGee, CEO of Component Sense, highlights how to turn your E&O stock back into cash. Management awareness of the impacts of excess or obsolete (E&O) inventory is vital. Recently the US Supply Chain Resource Cooperative identified a number of characteristics associated with a properly developed excess and obsolete (E&O) inventory strategy published on 20 April 2018 in EPS News. The most obvious of which is.... E&O should be viewed as pure cash. Source: Excess &...