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March 12th - It was learned today that in response to strong public complaints about the difficulty of identifying food labels and the persistent problems of "ghost deliveries" in online catering, the State Administration for Market Regulation has issued 13 regulations covering multiple areas including production and operation, labeling, centralized catering, and online transactions. The "Measures for the Supervision and Management of Food Labeling" directly addresses the prominent issues of labels being "unreadable, difficult to find, and unclear," mandating that production dates and expiration dates be clearly marked in separate areas with high contrast and significantly larger font sizes, and directly labeling expiration dates without conversion. At the same time, it standardizes the labeling of special foods, strengthens the exclusive "blue hat" and "blue flower" logos and warning statements, and prohibits false advertising such as "specially supplied" or "exclusively supplied," effectively protecting consumers right to know and right to choose, so that the public can buy with confidence and eat with peace of mind.March 12th - It was learned today that the State Council Food Safety Office will accelerate the improvement of the legal and standard system this year, promote the comprehensive revision of the Food Safety Law, and expedite the formulation and revision of food safety-related standards such as pre-prepared vegetables, pesticide and veterinary drug residue testing, and cold chain transportation, ensuring that supervision has clear standards and regulations to follow. It will also improve cross-departmental consultation, joint inspection, and joint enforcement mechanisms, and conduct regular special campaigns targeting key areas and products that have drawn strong public concern, such as school food safety, "ghost food delivery," and the abuse of food additives. Regarding school food safety, it will continue to deepen the construction of "Internet + transparent kitchens," improve the school food procurement mechanism, strengthen regular joint inspections, and strictly prevent unqualified food from entering schools.March 12 - According to sources directly informed by port agents, Oman has evacuated all vessels from its key oil export terminal, Maina al-Fahhar, as a precautionary measure. Fahar, located outside the Strait of Hormuz, is one of the few ports still capable of shipping Middle Eastern crude oil to global markets. However, Iranian attacks in the region have made the surrounding waters unsafe. According to data intelligence firm Kpler, Fahar exports approximately 1 million barrels of Omani crude oil daily. Loading operations continue at Fujairah port in the UAE, also located outside the strait, but some ship owners are avoiding the port due to the risk of attacks. Yanbu port, located on Saudi Arabias Red Sea coast, remains capable of exporting oil.March 12th - Nexperia (China) recently launched a new series of LDOs with 40V input and 120mA/150mA/300mA output current. This series integrates complete input and output protection functions, making it perfectly suited for automotive electronic applications where power is supplied off-board via wiring harnesses, such as body control, BMS, lighting, steering, and powertrain products. Furthermore, Nexperia (China)s full range of automotive-grade off-board protection LDO chips is now in mass production.It is understood that Oman will evacuate the relevant vessels from the Maina al-Fahar oil terminal.

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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