• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 24th, the "Several Measures of Beijing Municipality on Promoting the Development and Utilization of Commercial Satellite Remote Sensing Data Resources (2026-2030)" proposed to strengthen and optimize diversified business entities. It encourages internet companies and geographic information companies to develop value-added services based on commercial satellite data, cultivating "satellite data + industry" integrated business entities. It encourages capable companies to conduct mergers and acquisitions of upstream and downstream satellite data companies, integrating and improving the ground station network and data application service industry chain, creating globally competitive leading companies in the chain. It strengthens the cultivation of specialized, refined, and innovative tiers of commercial satellite companies, providing additional deductions for R&D expenses for companies in subdivided fields that meet policy requirements, such as remote sensing data artificial intelligence processing, space-based computing power (network), and innovative application platform R&D.On January 24th, according to a report on the Lianhe Zaobao website in Singapore, Nvidia founder Jensen Huang visited China again, with his first stop being Nvidias new office in Shanghai. This is Huangs first trip to China in 2026. According to media reports citing multiple sources, Huang visited Nvidias new Shanghai office, met with employees, answered many questions, and reviewed the companys key events for 2025. Sources said Huangs itinerary in China is largely consistent with early 2025, mainly involving attending New Years parties and supplier appreciation events at the Shanghai, Beijing, and Shenzhen branches. Bloomberg previously cited unnamed sources who reported that Huang would travel to China before the Lunar New Year holiday to participate in company activities, and was expected to visit Beijing as well.On January 24th, it was reported that a plenary meeting of the National Film Development Special Fund Management Committee was held in Beijing on January 23rd. The meeting emphasized that film is a spiritual and cultural product, and also a leading sector of the cultural industry, playing a vital role in promoting social and economic development, particularly consumption upgrading. It stressed the need to actively implement the requirements of the in-depth implementation of the special action to boost consumption, summarize the experience of the film economy in promoting consumption in recent years, and, under the guidance of the Ministry of Finance and the National Film Administration, carefully organize the pilot work of using the film special fund to support and promote film consumption. It also emphasized the need to strongly support provincial and municipal party committees and governments, as well as film authorities at all levels, to enrich the forms and expand the content of film-related consumption promotion activities according to local conditions, thereby improving the quality and efficiency of these activities and better stimulating film consumption and promoting market prosperity. The meeting pointed out that with the Spring Festival approaching, the focus should be on the Spring Festival film season, with a results-oriented approach, supporting various regions in carrying out diverse "film+" activities to revitalize the film economy and promote a booming holiday consumption.On January 24th, according to Dongan Power, Gu Jie, Vice President of XPeng Motors, led a core team to visit Dongan Power. Zhao Xingtian, Deputy General Manager of Dongan Power, along with heads of R&D, marketing, quality, and sales departments, accompanied them during the meeting. The two sides engaged in in-depth exchanges and reached a consensus on core issues such as the advancement of mass production projects and the development of next-generation engine technology.January 24th - Public discontent in Denmark over the USs demand for Greenland is spreading to supermarket shelves, and a mobile app that "helps" Danish consumers identify the country of origin of goods so they can refuse American products has recently become very popular in the country. Reportedly, an app called UdenUSA (meaning "No America") is gaining widespread popularity in Denmark. The app was developed by 21-year-old Dane Jonas Piper and his friend Malte Hensbel. Piper stated that many consumers want to avoid buying American-made food, but often find it difficult to identify the country of origin in supermarkets. The UdenUSA app addresses this need by indicating the country of origin for each product.

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%.