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U.S. memory chip stocks fell in pre-market trading, with Micron Technology (MU.O) down 2.93% and Western Digital (WDC.O) down 4.2%.Ukrainian Prime Minister: Ukraine has received 5.9 billion euros from the European Union.On November 13th, the Financial Times published an article stating that social financing has maintained rapid growth, with monetary and fiscal policies working in tandem. However, its also important to recognize that the rapid and frequent issuance of government bonds has a certain short-term substitution effect on loans. "The current economic operation faces the challenge of insufficient demand. By increasing the scale of government bond issuance, we can support the implementation of major projects and national strategies, helping to expand demand and support the economy. At the same time, many government bonds are used to replace debt of financing platforms and clear overdue payments to enterprises. In effect, this is a process of the government appropriately increasing leverage to help enterprises and households stabilize their leverage, helping business entities alleviate financial pressure and reduce debt burdens, laying the foundation for the medium- and long-term sustainable development of the economy," an industry insider explained.On November 13th, the IEA monthly report indicated that its outlook for Russian crude oil production faces "considerable downside risks," but it did not estimate the specific impact until more details regarding implementation become available. The IEA stated that recent US sanctions against Russian oil companies "could have the most profound impact on the global oil market to date. While Russian crude oil flows are currently largely unchanged, the disintegration of the global value chains of Rosneft and Lukoil poses risks far beyond Russian borders." Finally, the IEA maintained its estimate of Russian average daily crude oil production of 9.3 million barrels this quarter and next year. It stated that it will maintain this outlook until more details regarding implementation and potential circumvention methods become clearer.November 13th - According to the Wall Street Journal, AMD has been a competitor to Nvidia since the start of the artificial intelligence boom. If the companys revenue and market share forecasts remain unchanged, its influence will significantly increase in the coming years. AMD stated that it expects its AI chip sales to grow at an annual rate of 80% over the next few years and estimates that by 2030, it should hold a double-digit market share in a field currently almost monopolized by Nvidia. AMD estimates that the entire AI chip market will be worth $1 trillion over the next five years, corresponding to the companys sales exceeding $100 billion. The company also hinted that gross margins will remain at a relatively healthy level, despite its investment in developing new chips and complex computing systems. Many investors and AI chip customers are hoping for a true competitor to Nvidia, and AMD certainly believes it is brewing such a thing.

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%.


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