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Samsung Electronics Acquires Firm with Technology to switch Text into Speech

collected by :Molly Tony

The robust estimates reinforce expectations for best-ever earnings for Samsung this year, fuelled by a so-called memory chip supercycle.
Even so, analysts have tipped its chip division to propel the firm to record overall profit.
Samsung did not elaborate on its April-June performance and will disclose detailed results at the end of July.
Samsung is preparing to unveil the handset in August, a source told Reuters, underscoring the firm’s desire to continue the Note brand.
Another profit driver has also emerged in the form of organic light-emitting diode (OLED) displays.

according to

 Samsung Electronics Acquires Firm with Technology to transform Text into Speech

Samsung Electronics is planning to upgrade its speech recognition service including Bixby, through the acquisition.
Samsung Electronics is expected to apply this technology, not only to AI speakers under development but to AI assistant Bixby among others.
As Samsung Electronics acquires Innoetics, a Greek start-up with the technology to convert texts into voices, it is expected that the smartphone giant will generate more synergies with its current AI technology.
On July 12, Samsung Electronics put out a statement that the company acquired a 100% stake in the Greek company which has the technology of converting texts into voices.
In particular, it is highly anticipated that Innoetics’s technology will create huge synergies with “Bixby,” an AI assistant suffering from a lack of ability to recognize natural languages.
 Samsung Electronics Acquires

Sales: 59 ~ 61 trillion Korean wonOperating Profit: 13.9 ~ 14.1 trillion Korean won※ 2017 1Q, 2016 2Q consolidated figures based on K-IFRS are as follows
Consolidated Sales: Approximately 60 trillion Korean wonConsolidated Operating Profit: Approximately 14.0 trillion Korean wonThe above figures are estimates of consolidated earnings based on K-IFRS.
Therefore, in compliance with such disclosure regulations, the above figures represent the median of the earnings estimate range, provided below.
Corporate > Corporate OthersPress Resources > Press ReleaseSamsung Electronics today announced its earnings guidance for the second quarter of 2017.
Please note that Korean disclosure regulations do not allow earnings estimates to be provided as a range.
Samsung Electronics Announces


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