Remember when we thought the chip industry was in a slump? Well, Samsung just blew that notion out of the water with a profit surge that’s making waves across the tech world. And it’s not just about the numbers – it’s a testament to the power of AI and the rebounding chip market.
But that’s just the beginning. We’ve got the scoop on Google’s ambitious ‘Make in India’ plans that could reshape the global smartphone market. Plus, there’s drama brewing at OnePlus India, and Huawei might just flip the script on foldable phones.
From AI-powered chips to leadership shake-ups, read on to learn more about what happened in the tech world in the past 24 hours.
Samsung’s Q2 Profit Soars 13-fold, driven by Artificial Intelligence and Chip industry
Samsung Electronics has announced an expected 13-fold increase in its second-quarter profit, a remarkable turnaround compared to the same period last year. The company’s estimated operating profit for Q2 2024 is set to reach 8.8 trillion won ($6.34 billion), up from just 670 billion won in Q2 2023. This marks the highest profit for Samsung since the third quarter of 2022.
Huawei Nova series flip phone could launch in August with Kirin 9010E
Earlier, it was rumored that the Huawei Nova series flip phone could be released in July. However, a new leak claims that the phone could be released in early August.
OnePlus appoints Chinese executive as India head amid leadership shake-up and retail boycott
Chinese smartphone giant OnePlus is undergoing a leadership reshuffle in India, with veteran Robin Liu returning to head its operations. This comes amidst a boycott from offline retailers and the Indian government’s push for local talent in leadership roles.
Google looking to sell Made in India Pixel phones in the US & Europe
Google is apparently planning on exporting its Pixel series of smartphones to the US and Europe from India. It is looking to establish the region as a key export hub with its commercial production set to kick off soon from two of its contract manufacturing partners.
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