Samsung, the South Korean tech giant, has reported its lowest operating profit in 14 years for the April to June quarter. The decline is attributed to the ongoing downturn in the memory chip market. While the precise details are yet to be disclosed, analysts expect the chip division’s poor performance to be the primary cause.
This week, the tech giant Samsung officially introduced the industry’s first 1 TB embedded Universal Flash Storage (eUFS) chip for smartphones. The terabyte-sized native storage solution will considerably enrich the company’s mobile devices, eliminating the need to install additional microSD cards for handling large capacities. Samsung has already begun mass production of the storage chip, however there is no clear indication of when they will be installed in smartphones. “The 1TB eUFS is expected to play a critical role in bringing a more notebook-like user experience to the next generation of mobile devices,” said Cheol Choi, Executive vice president of Memory Sales and Marketing at Samsung Electronics. “What’s more, Samsung is committed to assuring the most reliable supply chain and adequate production quantities to support the timely launches of upcoming flagship smartphones in accelerating growth of the global mobile market.” The new eUFS memory chip measures the same…
