Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook 
Samsung Electronics reportedly halted the production of its unreleased mobile phone due to a chip shortage. It was said to be one of the brand’s mid-range phones that are scheduled to be launched in the market this year.
Apparently, the suspension of Samsung Electronic’s smartphone model is another indication that the semiconductor shortage in the world is still ongoing. It also proves that this issue will not go away or be resolved any time soon.
The affected Samsung phone
As per Bloomberg, the South Korean phone maker halted the production of its Galaxy S21 (FE) Fan Edition, a cheaper version of the Galaxy S21. The electronics company has no choice because the supply of Qualcomm’s application processors is so low that the manufacturer could not proceed.
This information was revealed on Sunday, June 13, by an industry insider via S. Korea’s Electronic Times, according to the New York-headquartered media outlet. It was added that Samsung was originally aiming to release the Galaxy S21 FE this coming August, but it seems there will be a delay which could be short or long, depending on the development in the supply.
The company was contacted for comments, but its spokesperson reportedly declined to speak. Then again, it was warned that the chip shortage may not be solved soon, so Samsung may suspend its S21 FE phone model for an indefinite time.
Postponed phone launch plans
As mentioned, Samsung was supposed to unveil the S21 FE in August, and allegedly, the initial plan is to launch it together with Samsung Galaxy Z Fold 3 and Galaxy Z Flip 3. News18 reported that these phones are another unannounced phone models that are anticipated by tech enthusiasts.
Meanwhile, although the new Samsung S21 FE is not yet out, details about it were leaked online. It was said that it will feature the Qualcomm Snapdragon 888 with 6GB of RAM. The phone will come with the latest Android version 11. For the design, it was said to be similar to Galaxy S21 that has a triple rear camera, but its display is bigger with a 6.4 inches screen.
