LGES lands 3rd major North American ESS deal in 2024

LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026. The agreement underscores LGES’s commitment to expanding its footprint in the ESS market while leveraging its energy storage solutions to manage short-term demand shifts in the electric vehicle (EV) industry.

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Samsung maintains 5% market share in mobile application processors for 3Q24; hope lies in Exynos 2500

While Samsung Electronics has integrated its own Exynos 2400 chip in some models of the Galaxy S24 series, the foldable Galaxy Z Flip6 and Fold6 series are still entirely equipped with Qualcomm Snapdragon chips. Currently, Samsung’s competitiveness in the application processor (AP) sector remains relatively weak, and whether the upcoming Exynos 2500 can reverse this trend is closely watched.

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Partner Tech invests in Cresson to enhance smart retail solutions in Japan and Asia-Pacific

Taiwan’s leading smart retail solutions provider Partner Tech, a subsidiary of Qisda Group, has invested in Japanese theme park software service provider Cresson Inc., the company announced on December 23, 2024. The strategic partnership aims to enhance integrated hardware and software solutions for smart retail and expand both companies’ presence in Japan and Asia-Pacific markets.

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Samsung DX head Jong-hee Han plans to visit Mexico for appliance and TV strategies due to Trump tariff concerns

The newly elected US President Donald Trump previously announced plans to impose a 25% tariff on products from Mexico. Samsung Electronics operates television and home appliance factories in Mexico and is expecting its Device eXperience (DX) head, Jong-hee Han, to visit the country in January 2025 to assess the situation and develop counter-strategies.

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