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On February 18th, data from the network monitoring website DownDetector showed that the YouTube service outage affected nearly 340,000 users. The streaming website also reported a malfunction in its recommendation system. The outage resulted in some users seeing a blank YouTube website page, and videos failing to load in the YouTube app, YouTube Music, and YouTube Kids. However, YouTube recently stated that the recommendation system issue has been resolved, and all its platforms have returned to normal.February 18th - According to data from Maoyan Professional Edition, the total box office (including pre-sales) for the 2026 Spring Festival film season has exceeded 1.7 billion yuan, with "Pegasus 3", "Silent Assassination", and "Boonie Bears: The Big Adventure" ranking in the top three.February 18th - According to the China State Railway Group Co., Ltd., the national railway system is expected to transport 10.8 million passengers on February 18th, with 476 additional passenger trains planned. As of 8:00 AM on February 18th, the 12306 railway ticketing platform had sold a total of 274 million tickets for the Spring Festival travel season.February 18th - According to the Japan Meteorological Agency, a magnitude 4.7 earthquake struck off the coast of Amami Oshima, Japan, at approximately 11:28 AM local time on the 18th. The maximum intensity was 3, and the epicenter was at a depth of 70 kilometers. There is no risk of a tsunami.February 18 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 167 kilometers southwest of the Tanimbar Islands in Maluku Province, Indonesia, at 9:15 a.m. local time on February 18, with a focal depth of 112 kilometers. No tsunami risk is expected.

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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