Samsung Warns of Severe Chip Crunch While Delaying Key Phone

Samsung Electronics warned it's grappling with the fallout from a "serious imbalance" in semiconductors globally, becoming the largest tech giant to voice concerns about chip shortages spreading beyond the automaking industry. From a report: Samsung, one of the world's largest makers of chips and consumer electronics, expects the crunch to pose a problem to its business next quarter, co-Chief Executive Officer Koh Dong-jin said during an annual shareholders meeting in Seoul. The company is also considering skipping the introduction of a new Galaxy Note -- one of its best-selling models -- this year, though Koh said that was geared toward streamlining its lineup.

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