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Smartphones

Kimberly Redmond | Equities.com |

LG Electronics announced Monday that it will close its smartphone business with a full exit planned by the end of July.

In a press release, the South Korean tech giant said leaving “the incredibly competitive mobile phone sector” is a “strategic decision” that will enable it to focus on smart home products, electric vehicle components, robotics, artificial intelligence, business-to-business products and other connected devices.


Kimberly Redmond | Equities.com |

Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, plans to invest $100 billion over the next three years to expand its manufacturing capacity to keep up with rising demand. 

On Thursday, the Taiwan-based company said it will use the funds to “increase capacity to support the manufacturing and [research and development] of advanced semiconductor technologies.” 


Kimberly Redmond | Equities.com |

Samsung Electronics Co said production at its US semiconductor plant in Texas has returned to near-normal levels following more than a month of disruption.

The South Korean chipmaker’s Austin plant was ordered to temporarily halt production amid power outages and severe winter weather last month.


Reuters | Equities.com |

Qualcomm Inc is struggling to keep up with demand for its processor chips used in smartphones and gadgets, as a chip shortage that first hit the auto industry spreads across the electronics business, industry sources told Reuters.

Samsung Electronics Co Ltd, the world’s largest smartphone maker, is experiencing a shortage of Qualcomm’s application processors, the heart of smartphones, two people at suppliers for the South Korean giant told Reuters.


Reuters | Equities.com |

Apple Inc’s iPhone 12 mini U.S. sales were just 5% of overall sales of its new phones during the first half of January, industry data provider Counterpoint said on Tuesday, adding to signs of muted demand for the new smaller version of its flagship device.

Smartphone users have switched to larger devices in recent years as they devour more video content on-the-go and binge on visually rich social media platforms like Facebook, Instagram, Tiktok and Snapchat.


Kimberly Redmond | Equities.com |

Apple Inc is testing new iOS software that will enable iPhone users to unlock their device while wearing a face mask – as long as they are wearing an Apple Watch.

The update released this week, which is part of a beta test expected to be broadly rolled out soon, enables an iPhone to communicate with a synced Apple Watch when the smartphone is raised to use Face ID.


Reuters | Equities.com |

China’s Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct knowledge of the matter said, a move that could see the company eventually exit from the high-end smartphone-making business.

The talks between the world’s largest telecommunications equipment maker and a consortium led by Shanghai government-backed investment firms have been going on for months, the people said, declining to be identified as the discussions were confidential.