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Samsung Tells Shareholders That it May Skip a Galaxy Note Release This Year Due To Global Chip Shortage

Samsung Tells Shareholders That it May Skip a Galaxy Note Release This Year Due To Global Chip Shortage

Samsung is warning its customers that it may skip a release for its Galaxy Note this year, due to the global semiconductor shortage.

Bloomberg reports that Samsung’s co-CEO Koh Dong-jin told the assembled during an annual shareholder meeting that there’s a “serious imbalance in supply and demand of chips in the IT sector globally.” D J Koh said it may be difficult for Samsung to release a new Note and S series device in the same year, as both are flagship models.

“Note series is positioned as a high-end model in our business portfolio,” he said. “It could be a burden to unveil two flagship models in a year, so it might be difficult to release Note model in 2H. The timing of Note model launch can be changed but we seek to release a Note model next year.”

As reported by Reuters earlier this week, Qualcomm is having a tough time keeping up with processor demand from Samsung. Samsung is expected to reveal a new “A” series device during its Galaxy Unpacked event next week.