Samsung Electronics Co is considering dropping its Bixby virtual assistant and Galaxy Apps Store from its mobile devices as part of a new global revenue-sharing deal with Alphabet Inc’s Google, correspondence showed on Tuesday.
Google has tried for years to get Samsung, the world’s leading mobile device maker by units sold, to drop its own services and give greater prominence to Google’s search, Assistant and Play Store apps, according to a person previously involved in the relationship.
The search giant, whose Android software powers devices from Samsung and dozens of other companies, sometimes as an incentive gives manufacturers a portion of advertising revenue generated from Google apps featured on their devices.
However, Samsung has clung to efforts to promote its own apps, from which it can collect all the revenue, despite years of glitches and tepid interest among users.
The strategy has been challenged as the COVID-19 pandemic and a slowdown in phone upgrades have hurt sales and prompted many companies to shutter costly projects and search for new revenue.
Exact financial details under negotiation between the companies could not be determined, but Google is dangling more lucrative terms for Samsung than in previous deals if it retreats from its app strategy, a source familiar with the talks said.
The companies are aiming to finalize terms by tomorrow, the source said.
Samsung said in a statement that it is committed to its own services, but at the same time it “closely works with Google and other partners to offer the best mobile experiences.”
Google said in a statement that it regularly discusses ways to improve the user experience with its partners, and that Samsung remains free to create its own app store and digital assistant.
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
A Chinese factory owned by South Korean semiconductor giant SK Hynix Inc yesterday halted operations after a plant worker was found to have an asymptomatic infection of COVID-19, Xinhua news agency reported. The South Korean worker based at the plant in Chongqing since February had departed on Thursday for South Korea, Xinhua reported. He was tested at Incheon Airport in Seoul and confirmed positive for COVID-19 on Saturday, it reported. All factory staff as well as staff and recent guests at the hotel where the worker lived have been isolated and given nucleic acid tests, the agency said. “We’re cooperating with the local government
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
A year of crisis for the lira has kept people in Turkey buying gold at a record pace. Now the appetite for more bullion risks becoming a drag on the currency just as a rally struggles to regain momentum. In the two weeks after Turkish President Recep Tayyip Erdogan cleared out the leadership ranks blamed for failing to stabilize the lira and draining reserves, Turkish retail investors and firms added US$2.2 billion to their gold holdings, taking them to US$36.4 billion, or almost triple the total last year, Turkish central bank data showed. People are not relenting in their zeal to own