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Samsung Gulf Electronics has formalised a strategic partnership with e& UAE, the telecommunications division of the global technology conglomerate e&, by signing a Memorandum of Understanding at the Mobile World Congress in Barcelona, Spain. This collaboration aims to harness artificial intelligence to enhance customer experiences and drive digital transformation across the United Arab Emirates. The agreement outlines several key initiatives, including the development of AI-powered connectivity solutions […]

iShopChangi blossoms this spring with an irresistible Spring Sale! Throughout the month of March, explore an array of new finds, from chic wardrobe must-haves to essential travel gear, all at GST-absorbed and tax-free prices. But that’s not all! Revel in the spirit of International Women’s Day by treating yourself to a selection of luxury fashion, beauty, and wellness items from women-led brands accelerating action in Singapore. Plus, […]

Consumers can look forward to learning more about Samsung products from local creators and uncover special deals exclusive to Samsung Singapore’s TikTok Shop page SINGAPORE – Media OutReach Newswire – 4 March 2025 – Samsung Electronics Singapore has launched its very own TikTok Shop page (search “@samsungsg”), offering consumers an exciting new way to discover and purchase Samsung products. Through TikTok Shop, Samsung aims to reach a […]

Dubai’s Roads and Transport Authority has introduced significant advancements to its public transport services, aiming to enhance commuter convenience and align with the emirate’s smart city vision. Passengers across various modes of transport can now access free Wi-Fi and utilize cashless payment options, reflecting RTA’s commitment to integrating technology into daily commutes. As of February 2025, the RTA, in collaboration with e& , has successfully installed free […]

The global silicon wafer industry is witnessing a resurgence, propelled by the escalating demand for advanced semiconductor components essential for artificial intelligence applications. In the latter half of 2024, worldwide silicon wafer shipments began to recover from the downturn experienced in 2023, as reported by the SEMI Silicon Manufacturers Group . Despite a 2.7% decline over the year, totaling 12,266 million square inches, and a 6.5% revenue contraction to $11.5 billion, the upward trend in the latter part of the year indicates a positive trajectory for the industry.

This revival is largely attributed to the rapid adoption and advancement of generative AI technologies, which have significantly transformed the semiconductor landscape. Hyperscale data center operators and original equipment manufacturers are expanding their server capacities to meet the computational demands of AI model training and inference processes. This expansion necessitates a substantial increase in AI accelerators, leading to a surge in demand for processor units and high-bandwidth memory associated with these accelerators.

The heightened demand for HBM products is evident in the financial performance of key industry players. SK Hynix, for instance, surpassed Samsung in quarterly profits for the first time, driven by a surge in demand for advanced memory chips necessary for AI data centers. In the fourth quarter of 2024, SK Hynix’s operating profit soared to Won8.1 trillion , with sales increasing by 75% to Won19.8 trillion. HBM products, crucial for AI servers, significantly contributed to this profit, comprising 40% of SK Hynix’s DRAM chip revenue. The demand for these chips is expected to double due to investments in AI infrastructure projects, such as the massive $500 billion Stargate initiative by OpenAI and SoftBank.

Similarly, Micron Technology has experienced a positive financial outlook, with shares surging approximately 14% following an upbeat first-quarter forecast. This optimism is fueled by the demand for memory chips utilized in AI computing. As one of the three primary suppliers of HBM chips, alongside SK Hynix and Samsung, Micron is capitalizing on the growing need for semiconductors in generative AI technologies. These DRAM chips are essential for AI-oriented graphics processing units, facilitating the processing of vast amounts of data. Micron anticipates a record revenue of approximately $8.7 billion and an increase in its gross margin to around 39.5% for the first quarter.

The surge in AI applications has also impacted semiconductor manufacturing giants like Taiwan Semiconductor Manufacturing Co. . TSMC reported a significant profit increase, with fourth-quarter earnings rising 57% to NT$374.7 billion . This growth is largely driven by high-performance computing revenue, which surged 58%, offsetting declines in other sectors. CEO CC Wei highlighted the tight AI capacity but reassured that TSMC is working diligently to meet customer demand.

However, the rapid expansion in AI-driven demand has introduced challenges, particularly concerning supply chain constraints. High-bandwidth memory is in even shorter supply than GPUs, potentially hindering the data center industry’s expansion plans. The HBM design provides greater speed and reduced latency, key to the performance of AI processing. During the COVID-19 supply chain shortages, carmakers could not obtain chips for their vehicles, so they simply built cars without the chips and mothballed them until they could shore up inventory. GPU vendors like Nvidia and AMD don’t have that option. No high-bandwidth memory means GPUs can’t be assembled because the HBM has to be added to the GPU package at the manufacturing stage.

In response to these challenges, companies are exploring innovative solutions. NEO Semiconductor, for instance, announced the development of its 3D X-AI chip, designed to replace existing HBM chips and address data bus bottlenecks. This advancement aims to alleviate some of the supply constraints by providing alternative high-performance memory solutions.

The global silicon wafer market’s recovery is further bolstered by strategic investments and collaborations. For example, Foxconn is building a Nvidia superchip facility in Mexico, aiming to meet the growing demand for AI hardware. Such initiatives not only enhance production capacities but also diversify the supply chain, reducing dependency on a single region and mitigating potential geopolitical risks.

Samsung has initiated the rollout of the first software update for its Galaxy S25 series, targeting T-Mobile users in the United States. This update introduces seamless background installations, significantly reducing device downtime during the update process. The update, approximately 585 MB in size, also includes the February 2025 security patch, addressing over 40 vulnerabilities. Additionally, it resolves issues such as image banding in low-light photography and enhances […]

Silicon Valley-based AI chip manufacturer Groq has secured a $1.5 billion investment from Saudi Arabia to enhance its AI inference infrastructure within the Kingdom. This significant commitment, announced at the LEAP 2025 technology conference, underscores Saudi Arabia’s strategic push to position itself as a global leader in artificial intelligence. Groq, founded by former Alphabet engineer Jonathan Ross, specializes in AI inference chips designed to optimize the speed […]

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Tabby, a prominent financial services and shopping application in the Middle East and North Africa , has successfully raised $160 million in a Series E funding round, elevating its valuation to $3.3 billion. This development positions Tabby as the most valuable fintech company in the region. The funding round was led by existing investors Blue Pool Capital, a Hong Kong-based investment firm, and Saudi Arabia’s Hassana Investment […]

Google is advancing Android 16’s Linux Terminal, enabling it to run graphical Linux applications, including the classic game Doom. This development is facilitated by enhancements such as hardware acceleration support and the integration of a display server. Although these features are not yet available in the current Android 16 beta, they are anticipated in future releases. The Linux Terminal application is designed to download, configure, run, and […]

Nirmata, a San Jose-based IT startup specializing in cloud-native security policy automation and governance solutions, has announced a $4 million pre-Series A funding round led by Z5 Capital. Additional participants include Uncorrelated Ventures, Samsung Next, Benhamou Global Ventures , and angel investors Saqib Syed and BV Jagadeesh. This investment aims to accelerate the development of Kyverno, Nirmata’s open-source Kubernetes native policy management tool. Kyverno, designed to streamline […]

Samsung has launched an innovative experiential space at Dubai Festival City, offering customers an exclusive opportunity to explore the capabilities of its latest Galaxy S25 Series. The pop-up space is designed to highlight the enhanced artificial intelligence features integrated into the new devices, which promise to revolutionize user experience with a focus on personalization and smarter interactions. The Galaxy S25 Series, unveiled as part of Samsung’s commitment […]

Ring in the Lunar New Year with Joy, Colour, and Prosperity Immerse Yourself in the Joyful Installation by Knot Designer Zoe Siu This Lunar New Year HONG KONG SAR – Media OutReach Newswire – 20 January 2025 – This Lunar New Year, Pacific Place and Starstreet Precinct invite you to a celebration of luck, tradition, and modern artistry with the “Weaving Celebration of Fortunes”, running from today […]

By P. Sudhir The year 2024, which has ended, has been a tumultuous one both nationally and internationally. In India, the year began with the State-sponsored installation of the idol at the newly-built but incomplete Ram temple at Ayodhya, a signal from the BJP rulers that the era of Hindutva raj has begun. This was […]

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 30 December 2024 – Visa, the global leader in digital payments, reveals a surge in contactless payments across the Asia-Pacific (AP) region, with Vietnam leading the charge based on a recent survey commissioned by Visa done by YouGov[1]. VisaNet data analyzed by the Visa Consulting & Analytics (VCA) shows a significant shift in payment behavior, with nearly […]

Samsung Electronics has introduced a revolutionary lineup of home appliances featuring its new “AI Home” technology at CES 2025, signaling a significant leap in how smart devices interact with users. The company unveiled a series of advanced screens integrated with AI features, designed to transform the home environment into a more intuitive and responsive space. These new appliances promise to redefine user interaction by offering personalized and […]

SINGAPORE – Media OutReach Newswire – 17 December 2024 – FBS, a leading global broker, has just launched its promotional campaign Happy New Trade. The promo is designed to help traders turn their New Year’s resolutions into reality. Running until January 26, 2025, the campaign offers participants the chance to achieve more, with exclusive rewards and thrilling opportunities waiting at every level. The Happy New Trade promo […]

The UAE’s payment industry is on track for significant growth, projected to reach a value of $27.3 billion by 2028. This surge reflects the country’s increasing digital transformation, with innovative payment technologies gaining traction across multiple sectors. The shift toward a cashless economy and the growing demand for online and mobile payment solutions are key drivers behind this expansion. The shift to digital payments has been accelerated […]

Marvell has unveiled a new custom High Bandwidth Memory (HBM) compute architecture aimed at significantly improving memory performance and computational efficiency for cloud AI accelerators. This advanced technology is tailored for the growing demands of eXtensible Processing Units (XPUs), which power AI workloads, offering optimized bandwidth and memory density. The HBM architecture addresses critical performance bottlenecks in cloud infrastructure, specifically in AI acceleration. By providing faster access […]

Artificial intelligence computing company Tenstorrent has successfully closed its Series D funding round, raising $693 million at a valuation of $2 billion. The round saw significant participation from leading investors such as Samsung Securities and AFW Partners, further bolstering the company’s position as a key player in the rapidly expanding AI sector. This latest funding brings Tenstorrent’s total raised capital to over $1 billion since its inception. […]

iShopChangi is throwing a year-end bash like no other! From now till December, get ready to snag spectacular deals of up to 60% off. Find everything from tech treasures to exclusive holiday beauty gift sets for early birds, perfect for gifting or treating yourself. Plus, stand a chance to score an exclusive Puffy Bag (Charcoal) with a Sanrio charm in an exclusive colour when you shop online […]

Federal scrutiny of Apple Pay has intensified as the Consumer Financial Protection Bureau (CFPB) moves to enhance oversight of digital payment platforms. The CFPB is evaluating how Apple Pay aligns with consumer protection laws, citing concerns over competition, data security, and equitable access to digital payment services. The platform, which has become a leader in mobile payments, may face significant changes if the proposed regulations proceed. The […]

Their project, SilentGuide, is a pair of smart glasses that transcribes spoken words into subtitles, to help individuals with hearing impairment participate more meaningfully in social conversations SINGAPORE – Media OutReach Newswire – 21 November 2024 – Samsung Electronics Singapore has crowned Team redbluegold from Anglo-Chinese School (Independent) as the grand winner of its Solve for Tomorrow 2024 competition in Singapore. The team, comprising Aiden Lim and […]

Misk City has entered into a strategic partnership with Samsung Electronics Saudi Arabia to promote advancements in smart city technologies, sustainability, and youth empowerment. The collaboration was formalized through a memorandum of understanding (MoU) and is poised to drive innovation in the Misk City ecosystem, a groundbreaking nonprofit urban initiative. This agreement marks a significant step in the city’s commitment to becoming a hub for technology, education, and sustainable development.

Misk City, named after the Saudi crown prince’s charitable foundation, is the first non-profit city of its kind in the world. It aims to create a self-sustaining urban environment where technology and innovation play a central role in shaping society’s future. The partnership with Samsung, a global leader in consumer electronics and technology solutions, will enable Misk City to leverage cutting-edge technologies and solutions to enhance the quality of life for its residents and visitors.

The key areas outlined in the MoU focus on smart city infrastructure, including the integration of advanced IoT (Internet of Things) systems, AI-driven solutions, and digital services that will improve urban management and energy efficiency. This collaboration will explore various applications of Samsung’s technology, including smart buildings, transportation, and environmental monitoring systems. Additionally, the agreement highlights initiatives aimed at fostering a sustainable urban ecosystem, aligning with Misk City’s goals of environmental stewardship and reducing carbon emissions.

Beyond technology, the partnership also aims to empower the youth by providing access to educational programs and professional development opportunities. Samsung’s extensive experience in digital learning and innovation will contribute to the creation of training platforms, workshops, and incubators within Misk City, designed to cultivate a new generation of skilled professionals in fields such as artificial intelligence, robotics, and renewable energy.

The agreement reflects a broader trend within Saudi Arabia to invest in innovation-driven urban development. Misk City’s model, which combines sustainability with cutting-edge technology, is in line with the country’s Vision 2030, which seeks to diversify the economy and reduce its dependency on oil. By positioning itself at the intersection of technology and social development, Misk City aims to be a key player in the kingdom’s push for economic transformation.

Samsung’s role in this project highlights the company’s ongoing commitment to supporting smart city projects globally. The company’s innovative solutions, such as 5G networks, smart appliances, and digital signage, will be integrated into Misk City’s infrastructure. These advancements will allow for greater connectivity and efficiency, furthering the city’s mission to provide a seamless, high-tech living environment.

Misk City’s collaboration with Samsung also provides an opportunity to explore advancements in sustainability. With global attention on climate change and environmental conservation, the partnership will focus on implementing sustainable energy solutions such as solar power, waste management, and water conservation technologies. This move aligns with Misk City’s vision of creating a green, eco-friendly urban space that is self-sustaining and energy-efficient.

The strategic importance of the partnership extends beyond technology and sustainability. It also underscores the growing importance of public-private collaborations in shaping the future of cities. As the world shifts toward a more interconnected, technology-driven future, the synergy between Misk City and Samsung represents a model for how urban development can be reimagined to meet the challenges of the 21st century.

The partnership is expected to play a pivotal role in positioning Misk City as a global leader in innovation and sustainability. By harnessing Samsung’s technological expertise and aligning it with the city’s long-term goals, Misk City will be able to provide a living laboratory for emerging technologies and urban planning strategies. This collaboration is not only a key milestone in Misk City’s development but also a significant contribution to Saudi Arabia’s broader efforts to redefine urbanization in a way that is sustainable, tech-driven, and inclusive.

The MoU was signed in a ceremony attended by senior executives from both Samsung and Misk City, with discussions centered on how the partnership can evolve over the coming years. Both parties expressed their commitment to the partnership and emphasized the importance of collaboration in realizing the ambitious goals set for Misk City.

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