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On July 19th, Tianshu Intelligent Chip officially launched its new generation of general-purpose GPU flagship product, the Tiangai 300, at WAIC2026. The Tiangai 300 is based on the SIMT general-purpose computing architecture and is designed for three intelligent trends: information, action, and exploration. It features comprehensive upgrades in chip architecture, key operators, system expansion, and software ecosystem. Test data provided by Tianshu Intelligent Chip shows that the Tiangai 300s performance under complex business workloads is comparable to and surpasses mainstream international solutions based on the Hopper architecture. The company revealed that the Tiangai 300 is currently ready for large-scale application and has undergone deep adaptation with domestic cloud vendors, server vendors, internet ecosystems, and supernode systems, supporting large-scale deployment from single machines to large-scale clusters.According to RIA Novosti, the Russian Ministry of Defense stated that Russian forces have taken control of Verny in eastern Ukraine.On July 19, the Bahrain Defense Forces Command issued a statement saying that Iran continued its attacks on Bahrain, and that Bahrains air defense system intercepted and destroyed multiple missiles and drones originating from Iran that morning. The Command stated that all its operational units and forces were on high alert and fully prepared for defense. Earlier that day, the Bahrain Interior Ministry advised the public to remain calm and move to the nearest safe location.According to Irans Mehr News Agency, the Atomic Energy Organization of Iran condemned the US airstrike on the Dalkhov nuclear power plant under construction, calling it a "crime in violation of international law."July 19 – The U.S. Embassy in Jordan announced today that Jordanian authorities have evacuated the international airport and port area in the southern Jordanian city of Aqaba based on a “specific and credible threat.” The U.S. Embassy advised all U.S. citizens to avoid the area and to follow security instructions issued by the Jordanian government. However, according to Reuters, the Jordanian government has not yet issued an official statement on the matter.

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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