Wednesday, April 28, 2021

Samsung sees chip profits up, mobile sales down in Q2 on chip shortage

Samsung Electronics Co Ltd said it expects chip profits to increase but mobile profits to drop in the current quarter, as a global chip shortage affects its businesses in different ways.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...