Samsung MX reports 14.5% YoY decline in 3Q24 profits, eyes AI and new mobile phone form factors for future growth

Samsung Electronics (Samsung) has released its financial report for the third quarter of 2024, revealing a 14.5% year-over-year decline in operating profit for its Mobile Experience (MX) division. While revenue from new products such as smartphones, tablets, and wearables contributed to growth, rising costs and inflation have dampened demand recovery, leading to decreased profitability.

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Israeli R&D talents reportedly forced to leave amid Intel’s turmoil

Following recent layoffs at its Hillsboro, Oregon research facility, Intel is reportedly planning to cut hundreds of employees across its research centers in Israel. The company’s ongoing workforce reduction, combined with its current financial challenges, raises concerns about its future prospects and may create opportunities for competitors like Nvidia to acquire skilled talent.

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Taiwan Europe Chip Innovation Forum takes place in Prague with top 3 global EDA players

Taiwan Europe Chip Innovation Forum (TECIF), funded by Taiwan’s National Science and Technology Council and executed by the Taiwan Semiconductor Research Institute (TSRI), commenced on October 29 for a three-day run in Prague, the Czech capital. Scholars from Germany, the Netherlands, Belgium, Taiwan, and more were in attendance, along with the world’s top three electronic design automation (EDA) providers.

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Taiwan corporate R&D spending hits record NT$800 billion in 2023 despite slowdown

Taiwan’s enterprises saw their combined annual R&D expenditures surpass NT$800 billion (approx. US$24.6 billion) for the first time in 2023, reaching NT$801.5 billion. This marked a 3.7% increase from the previous year and accounted for 85.1% of the nation’s total R&D expenses, according to a survey released by the National Science and Technology Council (NSTC) on October 31.

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