Samsung Electronics CEO Dong-jin Koh at a regular shareholder meeting clarified why the South Korean tech giant will not release a new Galaxy Note smartphone this year.
He told investors that the company is abandoning the idea of launching a new Galaxy Note in 2021 due to a “serious imbalance” in the semiconductor industry around the world. The demand for SoCs and other chips is far outstripping supply, so Samsung has to adjust its plans. Simply put, the new Samsung Galaxy Note simply lacks single-chip systems, given that Samsung recently launched the flagship Galaxy S21 line, and is now preparing to unveil the Samsung Galaxy Z Fold3 and Galaxy Z Flip2, details of which emerged this morning.

Dong Jin Ko added that next year, when the global shortage in the semiconductor industry ends, the Samsung Galaxy Note lineup should return to normal, meaning that the new model should be released around the summer of next year.
Samsung is one of the largest chip makers in the world, and the company has faced production delays as its Austin plant has yet to resume production due to the extreme cold.
Analysts believe that the absence of new Galaxy Note smartphones in Samsung’s lineup this year will reduce the company’s shipments by about 5%, but will lead to a larger decline in revenue, since these are some of Samsung’s most expensive smartphones.
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