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Samsung's Device Experience (DX) division will hold a meeting next week on Thursday and Friday. The division also entered emergency mode earlier this week, as Samsung Electronics decided to cut down on business expenses and overseas trips.
Meanwhile, Samsung's chip arm will hold its meeting around December 22. The tech giant's semiconductor business experienced a ~50% year-on-year drop in Q3 2022 as consumer spending power diminished. (via The Korea Times)
The meetings will be attended by hundreds of senior executives and will be held partly online. They will discuss strategies to overcome mounting challenges caused by the sluggish global economy, geopolitical tensions, and low consumer demand.
At the same time, a different report suggests that Samsung expects its chip output from its plant in Xi'an, China, to reach a value of $14.3 billion before the end of 2022.
According to DailyTimes, the factory at Xi'an never stopped production over the past three years. And despite hurdles related to the COVID epidemic, Samsung managed to overcome logistics and supply challenges with the help of the local government.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
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