U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
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.
