Samsung Electronics plans to unveil the world's first foldable smartphone at a Developer Conference on Nov. 7-8 in San Francisco, California, where the company will also showcase its latest artificial intelligence speaker and other core products.

Market rumors abound that the new phone will be made public soon as Samsung is trying to claim the title of the world's first foldable smartphone maker.

"Before the foldable smartphone hits shelves early next year, Samsung is expected to unveil details of the hardware specifications, design, user interface and user exchange at the conference," an industry official was quoted as saying by local daily Chosun Ilbo on Sept. 10.

According to sources, Samsung's first foldable smartphone is said to feature a 7.3-inch OLED display, which can be folded inward with a curvature radius of 1.5 millimeters. A second 4.6-inch OLED display is said to be installed on one side of the phone.

Apple and Google showcase new products and solutions at their respective conferences for developers each year, receiving a huge deal of attention from the media and consumers.

The November showcase is also intended to keep Chinese smartphone maker Huawei in check, as it plans to launch its own foldable smartphone in the same month.

Samsung mobile division CEO Koh Dong-jin said at a press conference in August that the tech giant does not want to lose the world's first tittle.

Other up-to-date devices and solutions, including artificial intelligence speakers, will likely be showcased along with the new smartphone at the conference.

The Korean smartphone maker is likely to give details of its Galaxy Home AI speaker, which was first introduced at the unveiling event of Galaxy Note 9 in August. It is said to be priced at US$399 -- more expensive than the speakers released by Google or Amazon. The speaker was developed jointly with sound systems manufacturer Harman, which the Korean conglomerate acquired in 2016.