Samsung warns of market instability due to chip shortages

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Strong demand for electronics and automobiles impacted the sector, which still deals with the production bottlenecks of the pandemic

The global chip shortage is worrying tech giants like Samsung, the largest semiconductor manufacturer in the world.

“There is a serious imbalance in the chip supply and demand chain in the IT sector globally,” said Koh Dong-jin, co-CEO of Samsung at a shareholders’ meeting.

Samsung itself delayed the launch of the new model Galaxy Note for next year and should only launch the Galaxy S21 as top of the line this year. Koh said it could be “difficult to launch” the model and that it could be a burden to have two smartphones top of the line in the same year.

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palheta smll Samsung warns of market instability due to chip shortages

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