German Retail Sales Drop 3.4% in July 
India Manufacturing Growth Slows to Five-Year Low in August 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
CIA-Linked Investor Helped Quantum Systems Expand in US 
Oil Prices Rise as U.S.-Iran Fighting Fuels Supply Fears 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
Gold Prices Slide as Iran Conflict Fuels Fed Rate Hike Bets 
Trump Says ExxonMobil Among Oil Majors Planning Venezuela Return 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
US Strikes Iran IRGC Targets as Conflict Escalates 
Amazon Secures 200 MW Wind Power Deals in Sweden 
Asian Tech Stocks Slide as Fed Rate Hike Bets Rise 
Shein Shares Drop 5% After Weak Hong Kong IPO Debut 
Add as a preferred source on Google
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.
