EUR/USD 1.18153
0.158%
Gold 5263.32
1.523%
Oil 67.175
2.731%
USD/JPY 156.171
0.028%
GBP/USD 1.34769
-0.043%
GBP/JPY 210.475
-0.006%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say Nvidia is preparing to launch a dedicated chip to shake up the competitive landscape of artificial intelligence computing. OpenAI is set to become one of the largest customers for Nvidias new processor.OpenAI founder Altman: We strongly hope that the situation can be de-escalated, that legal and governmental actions can be avoided, and that a reasonable agreement can be reached.February 28th - The China Council for the Promotion of International Trade (CCPIT) released the "2025 China Business Environment Research Report" at a press conference today (February 28th). The report shows that surveyed companies rated Chinas business environment at 4.39 out of 5, marking two consecutive years of improvement. Nearly 90% of surveyed companies rated Chinas business environment as "satisfactory." Among the 12 primary evaluation indicators, surveyed companies ranked highly in three areas: customs services, business establishment and exit environment, and social and legal environment. Business operations have remained stable with a slight upward trend.February 28th – This morning (February 28th), the China Council for the Promotion of International Trade (CCPIT) held a press conference. A CCPIT spokesperson released the "China Expos and Exhibitions 2026" at the conference. Compiled and published by the CCPIT, "China Expos and Exhibitions 2026" includes information on over 1,400 trade and economic exhibitions and expos planned to be held in more than 80 cities across China in 2026. It features broader industry coverage and a convenient dual search method with both provincial and industry indexes, and is published in both Chinese and English. The release of "China Expos and Exhibitions 2026" will promote the internationalization of Chinas exhibition industry and provide more references for enterprises to conduct international cooperation.February 28th - The State Administration for Market Regulation (National Standardization Administration) approved and released the national standard "Quality Assurance Specification for Human Biomonitoring". This standard, drafted by the National Center for Disease Control and Prevention, will officially take effect on March 1st.

Samsung Elec announces a higher Q2 profit owing to solid server-chip demand

Charlie Brooks

Jul 07, 2022 11:18


Samsung Electronics (OTC:SSNLF) Co Ltd announced its greatest April-through-June profit since 2018 with an 11 percent year-over-year gain, as demand for its memory chips from server customers more than offset decreased sales to smartphone manufacturers due to inflation.


The world's leading memory chip and smartphone manufacturer stated Thursday that its second-quarter operating profit grew to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier.


It was quite close to Refinitiv's SmartEstimate of 14,45 trillion won.


In agreement with market estimates, Samsung (KS:005930) announced in a short earnings report that sales likely climbed by 21 percent year-over-year to 77 trillion won.


This month, Samsung will provide detailed financial results.


Large U.S. IT companies that rely heavily on data center services continued to acquire chips to meet cloud demand, insulating Samsung's chip revenue from a potential client oversupply after two years of high demand.


According to the data source TrendForce, the price of some DRAM chips, which are utilized in electronic devices and servers, decreased by around 12 percent last month compared to the same time period one year prior. As demand for smartphones and laptops decreases, analysts believe that prices will continue to fall.


"Server DRAM is currently the only feasible sales channel... As a result, Korean manufacturers were the first to signal a willingness to contemplate a quarterly price cut of more than 5 percent (for server goods) "DRAMS," according to TrendForce.


According to TrendForce, the costs of NAND Flash chips, which are used in electronic devices for data storage, are projected to decline by as much as 5 percent between July and September compared to the previous quarter.


Following two profitable pandemic years in which customers purchased devices for remote work, chipmakers throughout the globe are observing a fall in demand.


According to analysts, rising prices, worries of a dramatic market collapse, the Ukraine war, and China's COVID-19 lockdowns have hampered smartphone sales, leaving server chip demand as the only bright light.


During morning trade, the price of Samsung's stock jumped by 0.9%.


Suggestion