EUR/USD 1.17027
0.173%
Gold 4717.86
0.501%
Oil 93.321
-2.425%
USD/JPY 159.558
-0.105%
GBP/USD 1.34948
0.213%
GBP/JPY 215.325
0.110%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 24 - Following chipmaker Intels financial outlook indicating a sales recovery, the value of the U.S. governments stake in Intel (INTC.O) surged 300% to approximately $36 billion. This represents a paper return of nearly $27 billion since Intel and the U.S. government announced the investment last August. The companys CEO won over the White House through a charm offensive and repaired his relationship with President Trump, ultimately securing this extraordinary investment.Nvidia (NVDA.O) extended its gains to 5% during the session.Market sources say Pershing Square will reportedly stop accepting IPO subscription applications at 4 p.m. local time next Monday.On April 24, 2026, the European Union announced its 20th round of sanctions against Russia, which included sanctions against Chinese companies and individuals. What is Chinas comment on this? Ignoring Chinas firm opposition and repeated solemn representations, the EU has once again included Chinese companies and individuals in its 20th round of sanctions against Russia. China once again expresses its strong dissatisfaction and firm opposition to this and has lodged another solemn representation with the EU. China maintains an objective and impartial stance on the Ukraine crisis, is committed to promoting peace talks, and plays a constructive role in promoting a political solution to the Ukraine crisis. Chinas objective and impartial stance and constructive role have been widely appreciated and supported by the international community. We firmly oppose the EUs attempt to shift blame and smear China on the Ukraine crisis, and firmly oppose the EUs unwarranted sanctions against Chinese companies and individuals. China will take all necessary measures to firmly safeguard the legitimate rights and interests of Chinese companies and citizens.According to Hong Kong Stock Exchange documents, Beijing Zhitai Biopharmaceutical Technology Co., Ltd. (B) has submitted a listing application to the Hong Kong Stock Exchange.

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%.


Suggestion