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April 24th - According to Al Jazeera, former US Ambassador to Bahrain Adam Ereli stated, "While the US blockade of Iranian ports and the seizure of ships carrying Iranian oil as a policy makes sense, it may not achieve its intended effect due to domestic political considerations in the US. The Iranians are prepared for this possibility. They have their own plans. They have alternative methods to store or sell their oil, and even if their oil runs out, they have ways to survive under a very harsh blockade and sanctions regime. Frankly, I think Iran will outlast Trumps patience and the patience of the American people. Remember, this war is not just about moving soldiers, ships, and planes on a map. It also involves domestic political factors in the US. Trump is extremely sensitive to political winds. For this reason, I think Trump is currently pursuing this Iran strategy on one hand, and facing an election strategy on the other. The question is, on which issue will he concede first?"JPMorgan Chase lowered its price target for Blackstone Group (BX.N) from $142 to $136.On April 24th, it was reported that in March 2026, the national electricity market transaction volume reached 635.5 billion kWh, a year-on-year increase of 25.9%. From January to March 2026, the cumulative national electricity market transaction volume reached 1,841.6 billion kWh, a year-on-year increase of 25.6%. In terms of transaction scope, intra-provincial transactions amounted to 1,472.6 billion kWh, a year-on-year increase of 29.3%; inter-provincial and inter-regional transactions amounted to 369 billion kWh, a year-on-year increase of 12.6%. In terms of transaction types, medium- and long-term transactions totaled 1,594.9 billion kWh; spot transactions totaled 246.7 billion kWh. Green electricity transactions reached 75.6 billion kWh, a year-on-year increase of 3.1%.On April 24th, the State Council Information Office held a press conference on the "Annual Report on Chinas Work in Combating Infringement and Counterfeiting (2025)". Bai Qingyuan, Deputy Director of the State Administration for Market Regulation, stated that in recent years, facing the new challenges brought about by the rapid development of online transactions, especially live-streaming e-commerce, the State Administration for Market Regulation has continuously strengthened the construction of institutional mechanisms and enhanced the routine supervision of the platform economy. This includes: 1) improving rules and regulations; 2) strengthening regulatory enforcement; and 3) deepening administrative guidance. Going forward, the Administration will continue to strengthen the supervision of online transactions, especially live-streaming e-commerce, and investigate and punish all kinds of illegal and irregular activities in accordance with the law to better protect the legitimate rights and interests of consumers.On April 24, according to Tianyancha Intellectual Property Information, Honor Terminal Co., Ltd. recently applied to register the trademark "Honor Robot Lightning" in the international classification of scientific instruments. The trademark is currently awaiting substantive examination.

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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