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February 17th - According to tech journalist Marc Gurman, Apples upcoming iPhone 18 Pro and Pro Max models will "not have major updates." Gurman stated that the iPhone 18 Pro series will only be "minor tweaks to last years iPhone 17 Pro and Pro Max." He likened this upgrade to Apples usual practice of adding an "S" to the name of minor iPhone facelifts. However, the new phones will still include several important internal upgrades, such as a new camera system with a variable aperture, the A20 chip, and a custom C2 baseband chip. Nevertheless, the new Pro models are unlikely to be "the star of Apples iPhone launch event this fall." Instead, Apples first foldable iPhone will be the focus.New Energy Vehicles: 1. NIO announced a record high in daily battery swap volume. 2. British media: The EU is promoting the localization of the automotive supply chain, requiring 70% of electric vehicle components to be "Made in Europe." Artificial Intelligence: 1. Alibaba released its new generation basic model, Qianwen 3.5, topping the list of the worlds strongest open-source large models. 2. Zhipu: Due to a surge in global demand for GLM-5, it is seeking "computing power partners" across the internet. 3. AMD and Tata Consultancy Services announced on the 6th that they are expanding their strategic cooperation to deploy AMDs latest rack-mounted AI system, "Helios," in India. Other: 1. Apple is revamping its video podcast function to keep up with the industrys visualization trend. 2. Apple will hold a product launch event on March 4th, where it may unveil new Mac products. 3. Sources: SpaceX and xAI, owned by Elon Musk, will participate in the US Department of Defenses autonomous drone technology bidding. 4. Four robotics companies—Unitree, Magic Atom, Galaxy General, and Songyan Power—will appear on CCTVs Spring Festival Gala for the Year of the Horse. 5. Wang Xingxing of Unitree Robotics: Several new products are under development in 2026. 6. Songyan Power responds to its first appearance on the Spring Festival Gala: It will promote the commercialization of robots and bring them into more scenarios. Reports indicate that U.S. Middle East envoy Witkov has flown to Geneva.Wheaton Precious Metals: Gold production is projected to grow by about 50% to 1.2 million gold equivalent ounces by 2030.Wheaton Precious Metals: Production is projected to be 860,000 to 940,000 ounces of gold equivalent in 2026 and approximately 692,000 ounces of gold equivalent in 2025.

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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