SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI-AEC Signs Cooperation Agreement with NUPCO
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SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI Advanced Electronics Company (SAMI-AEC), a wholly owned subsidiary of SAMI, said in a press release that it signed a cooperation agreement with the National Unified Purchasing Company (NUPCO), a PIF company, on May 27, 2024.
As per the agreement solutions will be provided for tracking medication, and IT infrastructure, and local content will increase through medical device manufacturing and maintenance, SPA reported.
The partnership, said the release, demonstrates SAMI-AEC’s unremitting efforts to build a harmonious healthcare system applicable in Saudi Arabia, based on digital technologies.
SAMI-AEC CEO Eng. Ziad Al-Musallam said: “We are pleased and honored to collaborate with NUPCO, as this agreement underscores the unwavering commitment of both entities to bolstering efforts aimed at enhancing the healthcare ecosystem in Saudi Arabia. At SAMI-AEC, we firmly believe in the significance of augmenting public health services through digital solutions and delivering e-health services. This involves integrating effective, fast technologies to empower the healthcare sector, in line with the objectives of Saudi Vision 2030."
NUPCO CEO Fahd Al-Shibl said the agreement will play an important role in strengthening the healthcare infrastructure and facilitating access to the integrated technology offered by SAMI-Advanced Electronics Company.



Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
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Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)

Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, missing analysts' estimates by far.

Its chip business struggled with weak sales of artificial intelligence chips, dogged by delays in the supply of its latest chips to Nvidia and continued losses in its contract chip manufacturing business, analysts said.

The world's largest memory chipmaker estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate.

That would compare with 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter.

Revenue would likely fall 0.1% to 74 trillion won from a year earlier, the filing showed.

Samsung is expected to release detailed results, including a breakdown of earnings for each of its businesses, in late July.