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On January 13th, HSBC analyst Ricky Seo noted in a report that SK Hynixs fourth-quarter operating profit is expected to surge 57% quarter-on-quarter to a record 18 trillion won, with DRAM and NAND chip prices likely rising by 25% and 20% respectively. He analyzed that the weakening of the Korean won against the US dollar may also have boosted its fourth-quarter earnings. As a supplier of Nvidias HBM products, SK Hynix is expected to continue to benefit from robust shipments. The current surge in AI investment, coupled with strong demand for general-purpose DRAM during the memory chip supercycle, provides double support for the company.January 13th - Omni Health recently officially released its next-generation AI wearable product portfolio, including the Omni Health Ring Pro, which focuses on long-term vital sign monitoring, and the Omni Health Pin, an automated nutrition tracking terminal based on AI vision technology. The Ring Pro is currently available for mass sales globally, while the Omni Health Pin is scheduled for launch in 2026.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi stated that she intends to dissolve the House of Representatives at the start of the parliamentary session scheduled to begin on January 23.According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichi has conveyed her intention to dissolve parliament to senior members of the ruling party.January 13th - According to the latest data from the China Bus Statistics Information Network, in 2025, BYD once again won the annual championship with outstanding achievements of exporting 4,234 new energy buses, a year-on-year increase of 18.2%, and a market share of 24%. It is the only company that exports more than 4,200 new energy buses, and BYD has maintained its top position on the list for three consecutive years.

Amazon Receives a $8 Billion Loan

Charlie Brooks

Jan 04, 2023 11:23

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Amazon.com Inc. said on Tuesday that it has reached an agreement with certain lenders for an unsecured $8 billion loan.


The loan will mature in 364 days with a 364-day extension option, and the funds will be used for general company purposes.


Amazon (NASDAQ:AMZN) has leveraged multiple funding sources to support capital expenditures, debt repayments, acquisitions, and operating cash needs during the past several months, according to a company spokeswoman who spoke with Reuters.


The online store has braced for a probable halt in growth as rising inflation pushes businesses and consumers to curtail spending. Combined with a strong dollar, this caused Amazon's share price to decline by almost 50 percent in 2022.


It also mentioned workforce reductions for the start of 2023, although the number was not specified. A source told Reuters in November that the company planned to remove around 10,000 workers.


At the end of the third quarter, which ended on September 30th, Amazon had approximately $35 billion in cash and cash equivalents and over $59 billion in long-term debt.


Toronto Dominion was the administrative agent for the credit transaction between DBS Bank and Mizuho Bank, according to Amazon.

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