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February 2nd - TSMCs 2nm production capacity has been fully booked by global tech giants. AMD plans to begin producing CPUs based on its 2nm process in 2026, while Google and AWS are reportedly planning to adopt this process in the third and fourth quarters of 2027, respectively. Furthermore, Nvidia plans to launch its "Feynman AI" GPU in 2028, which is expected to use TSMCs A16 process, featuring a rear-mounted power supply design.February 2nd - The China Automobile Dealers Association released its latest "Automobile Consumption Index" on February 2nd, 2026: the index for January 2026 was 31.1. Sales in February are expected to decline compared to January, as the market enters a slow season due to the Spring Festival holiday. The February automobile market is expected to enter a period of adjustment due to a combination of factors, including the long Spring Festival holiday, previous demand depletion, the reduction of purchase tax on new energy vehicles, and consumer expectations for post-holiday promotions and new product launches.February 2nd - Samsung Electronics and SK Hynix plan to convert their investments in cutting-edge NAND flash memory in the second quarter of this year. Samsung Electronics is discussing a conversion investment of approximately 40,000 to 50,000 wafers per month, with mass production expected to begin next year.On February 2nd, Puran Technology announced that during a roadshow, it stated that prices for small and medium-capacity NOR Flash products are currently showing a recovery trend. NOR Flash production capacity is interconnected; high-capacity products have higher unit value and consume more capacity. Coupled with the dual effects of supply shortages and demand stimulation, high-capacity products saw price increases earlier in this round, which are gradually spreading to small and medium-capacity products. The companys NOR Flash prices are currently maintaining a generally moderate upward trend. The company has already made reasonable price increases for some of its memory chip products. The company will continue to adjust product prices based on factors such as market supply and production costs. Currently, price adjustments vary across different regions and for different customers.On February 2nd, SAIC Motor announced that in January 2026, its total vehicle production reached 338,700 units, a year-on-year increase of 4.01%; sales reached 327,400 units, a year-on-year increase of 23.94%. Among these, new energy vehicle production reached 104,700 units, a year-on-year increase of 20.21%, and sales reached 85,374 units, a year-on-year increase of 39.73%; production at export and overseas bases reached 104,600 units, a year-on-year increase of 50.56%, and sales reached 104,500 units, a year-on-year increase of 51.68%.

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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