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According to CBS News: Former U.S. Army Secretary Driscoll has arrived in Kyiv, Ukraine.Market news: The Yemeni armed forces reported that Houthi strongholds in Taiz, Yemen, were hit by three airstrikes.September 13th - According to the Wall Street Journal, recent sales data shows that Tesla (TSLA.O) is once again expanding its market share in the US electric vehicle market as traditional automakers withdraw from the sector. According to Motor Intelligence data, Tesla has regained more than half of the US electric vehicle market, reaching 52% in the first eight months of 2026, up from 43% in the same period last year. However, Tesla has not escaped the overall market downturn. So far this year, its US sales are 325,351 vehicles, a 16% decrease year-over-year. But the overall electric vehicle market has shrunk even more, declining by 30%. Tesla once accounted for more than 80% of US electric vehicle sales, but in recent years, its share has continued to decline as established automakers such as Hyundai, Ford, and GM have launched electric models. In 2025, Teslas share fell to a record low of 41%, when Musks political involvement and cooperation with the Trump administration to cut federal government spending alienated some buyers and led to protests outside stores. Now, the Austin, Texas-based company is recovering lost ground, even though it has downplayed its core automotive business.September 13th - According to the Wall Street Journal, Canadian Prime Minister Mark Carney is pushing for a bold proposal: to make Canada an "associate member" of the European Union, in order to deepen economic and security ties with Europe and reduce dependence on the United States. The EU is open to the idea, while US officials have expressed skepticism. Canada and the United States are embroiled in the worst bilateral trade war in modern history. The Trump administrations threat to make Canada the USs "51st state" has prompted Carney to accelerate Canadas "pivot to Europe." Carney has privately communicated with key European leaders, including those from France, Italy, Germany, and the Nordic countries, to explore ways to allow Canada to integrate more deeply into the EU. According to sources, Carney has instructed his special envoy to Europe to explore the most ambitious possibilities without making Canada a full member of the EU or its common market. Technical working groups are still outlining the details, and Carney has told aides that this would be a repositioning of an economy and society that has been dominated by the United States for half a century.On September 13th, it was reported that the National Healthcare Security Administration established a credit evaluation system for pharmaceutical pricing and procurement in August 2020 to guide pharmaceutical companies to operate with integrity and compliance, and to create a fair and just business environment for the pharmaceutical industry. Analysis of commercial bribery cases in the pharmaceutical procurement and sales sector over the past three years revealed that some medical institutions have lax internal education and management, with their staff accepting commercial bribes from dishonest companies on a frequent, large-scale, and prolonged basis. Following the public exposure of a Shanghai-based science and technology trading companys involvement in stent and balloon bribery at the Second Affiliated Hospital of Hebei Medical University, which allegedly received a 5,000 yuan kickback per stent, the hospital was involved in nine more judicial and criminal judgments in the second half of 2025 alone. Staff members of this hospital accepted commercial bribes 46 times, with the largest single bribe amounting to 16.58 million yuan, lasting for up to 11 years, and totaling 184 million yuan.

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%.