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On September 20th, according to Qianwen Big Model, Qwen-Image-2.1, an image model that balances generation quality, inference efficiency, and cost of use, was open-sourced today. Qwen-Image-2.1 integrates text generation and image editing into a single model, with only 7B parameters for visual generation and native support for generating and editing transparent images. The main features of this updated model include four aspects: 1. Small model, powerful efficiency, and extreme cost-effectiveness: Lightweight model structure and inference optimization achieve a balance between generation quality and computational cost. 2. Native transparency, integrated creation and modification: Generates ordinary or transparent images based on prompts, and supports transparent layer editing and image cutout. 3. Versatile editing, multi-frame preservation: Supports up to 10 reference images, enhances local editing, portrait and product fidelity, and covers various editing tasks. 4. Realistic texture, elegant text and beautiful figures: Improves text layout, lighting and detail rendering for more aesthetically pleasing generated results.On September 20, Iranian Army Commander Jahanshahi stated that, in response to potential threats, a large number of troops remain deployed along Irans northwestern, western, southwestern, eastern, northeastern, and southeastern borders, as well as coastal areas, since the outbreak of the conflict. Various units of the Iranian Army, including special forces, rapid reaction forces, mechanized units, and artillery, have been deployed along the countrys borders, maintaining a high state of combat readiness.September 20th - It was learned today that the International Organization for Standardization (ISO) recently approved the establishment of all seven international natural gas standards led by my country. These standards cover key upstream areas of the industry chain, including shale gas exploration and development, natural gas carbon footprint accounting, natural gas reservoir core sampling, and natural gas hydrate testing. They will contribute to the construction of globally unified natural gas technology rules and promote the development of a clean, low-carbon, safe, and efficient global energy system.On September 20, Egyptian President Abdel Fattah al-Sisi met with visiting CIA Director John Ratcliffe and expressed his support for resolving regional hotspots such as Iran and Palestine through political means. According to a statement released by the Egyptian presidential palace that day, Sisi stated during the meeting that Egypt fully supports efforts aimed at reaching a comprehensive agreement to resolve the Iranian crisis, in order to promote the restoration of regional security and stability and guarantee freedom of international navigation. He emphasized that regional crises should be resolved through political and diplomatic means.On September 20th, the Ministry of Culture and Tourism issued the "15th Five-Year Plan for the Construction of the Public Cultural Service System." The plan proposes that by 2030, the level of balanced development of public cultural services will be continuously improved, the integrated construction of urban and rural public cultural service systems will be fully promoted, and the regional collaborative development mechanism will be more sound. The supply mechanism of public cultural services will be further improved, and an open, diversified, and collaborative supply pattern will be basically formed. The digitalization of public culture will reach a new level, and digital resources will be richer. Significant progress will be made in the reform of the public cultural service system and mechanism, and the vitality of innovation and creativity in public culture will be significantly enhanced. The plan comprehensively deploys five key tasks: promoting the quality and efficiency of public cultural services through reform, continuously promoting the construction of modern public libraries, promoting the prosperity and development of mass culture, promoting the balanced development of public cultural services, and improving the digitalization level of public cultural services. At the same time, it lists 18 key projects based on actual conditions to ensure that the direction is clear, the long-term goals are well-defined, and the implementation is grounded in reality.

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%.