Samsung Electronics announced its first half year financial report for January to June, 2017 and posted a 61% gain year-onyear to 23.9 trillion Korean won (about US$21.29 billion) in operational profit. Over 20 financial analysts forecast the operational profit for the whole year to December 2017 will record high at 51 trillion won (US$45.44 billion). For the six month period, it seems that of DRAM took 30%, NAND flash memory 15% taking advantage of short supply of memories for smartphones and servers. On top of that, the company has added the profit of OLED panels for smartphones on the good going of the profit, as it seems to have started shipment of the panels to Apple at the end of May to early June. Some analysts estimate Samsung will ship approximately 80 million to 90 million units during 2017, which will be 170 million units in 2018. The profitability of DRAMs is very high reaching to about 60% in the profitability on sales. Samsung seems to draw a picture to leave Toshiba behind in the flash memory improvement race by investing money earned in the DRAM business.
Reports suggest that Samsung Electronics will be investing approximately 2 trillion yen by 2021 in order to boost the flash memory production, at its factories in Korea. Samsung intends to secure the top position in the flash memory segment, while Toshiba is still in the process of selling its flash memory business unit— Toshiba Memory. Samsung will be investing in new product lines including its latest NAND type flash memory. The company's production capacity is expected to grow twice by 2021 with this additional investment. According to Research company, IHS Technology, in 2016, Samsung grabbed the top share in the flash memory market with 35.2%, followed by Toshiba 19.3%, Western Digital 15.5%, Micron Technology 12.0%, SK Hynix 10.1% and Intel 6.9% in terms of value.
Veteran Indian artist, Jaideep Mehrotra recently announced his solo exhibition titled ‘Reflections in Mercury’. The exhibition will be held at Tao Art Gallery in Worli, Mumbai, from 23rd September to 22nd October, 2017. Known for his figurative works, Jaideep will be showcasing his abstract paintings for the first time. A combination of metal, paint and various mixed media come together in his work to form these intriguing, highly reflective, metallic works. Having working for over four decades, Jaideep Mehrotra is considered to be India’s finest inventive contemporary artist. Along with 23 solo exhibitions to his credit, he has participated in numerous group shows all over the world.