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The local governor said that the area around the Russian Baltic port of Uster-Luga was damaged by a drone attack.On August 14th, LG Electronics announced plans to launch a new generation of bipedal humanoid robots in the first quarter of 2027, based on the NVIDIA robotics platform. The robot will be powered by the NVIDIA Jetson Thor robotic chip module and developed using the NVIDIA Isaac GR00T humanoid robot base model and the Holoscan for Robotics robot safety system. LG plans to integrate the technology and capabilities of its major subsidiaries into this robot, including actuators from LG Electronics, sensors from LG Innotek, and batteries from LG Energy Solution. Furthermore, the two companies will collaborate comprehensively across three main areas: robotics, AI factories, and mobility.According to Jinlianchuang Futures, the price adjustment of refined oil products will be implemented as scheduled at 24:00 on August 14. The price reduction in this round is as follows: gasoline 230 yuan/ton, diesel 220 yuan/ton, which translates to a price per liter of 0.17 yuan for 89#, 0.18 yuan for 92#, 0.19 yuan for 95#, and 0.19 yuan for 0#.August 14th - The new round of domestic refined oil price adjustments will begin at 24:00 on August 14th. According to various institutions, refined oil prices will see their fifth reduction this year. Liu Bingjuan, a refined oil analyst at Longzhong Information, explained that as of August 12th, the average price of benchmark crude oil during the cycle was $82.14 per barrel, a decrease of 4.90% compared to the previous cycle. It is estimated that when the price adjustment window opens, the theoretical reduction in refined oil prices will be around 210 yuan per ton, equivalent to approximately 0.15 yuan per liter. For a 70-liter fuel tank, this means private car owners will save about 11 yuan when filling up.August 14 - According to a report by Turkeys Anadolu Agency on August 13, citing government officials, Turkey plans to launch a lunar probe in early 2027, which will be equipped with a hybrid propulsion system developed in Turkey.

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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