[ad_1]
Samsung Electronics Co., one of the world’s largest chip producers, warned of a “serious” imbalance in the semiconductor industry and said it may have to delay the introduction of one of its key smartphones.
Samsung mobile chief Koh Dong-jin made the comments during the company’s annual shareholders meeting in Seoul. The technology industry has been struggling with a shortage of semiconductors that has closed auto plants around the world and threatened supply of other products.
Also Read | Inside the mad scramble to comply with the new labour codes
“There’s a serious imbalance in supply and demand of chips in the IT sector globally,” said Koh, who’s also co-chief executive officer. “Despite the difficult environment, our business leaders are meeting partners overseas to solve these problems. It’s hard to say the shortage issue has been solved 100%.”
Koh, who oversees IT and mobile communications, said Samsung may decide not to introduce its Galaxy Note during 2021’s second half.
“Note series is positioned as a high-end model in our business portfolio,” he said. “It could be a burden to unveil two flagship models in a year so it might be difficult to release Note model in 2H. The timing of Note model launch can be changed but we seek to release a Note model next year.”
For all the Latest Technology News Click here
For Latest News & Update please Follow us on Google News
Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you
[ad_2]
