Real-time News

Samsung Electronics: Expected to return to profitability soon.

Samsung Electronics: The utilization rate of advanced process technology in contract manufacturing has reached its highest level.

Samsung Electronics: Supply of 2nm chips is insufficient to meet demand.

Samsung Electronics: Plans to achieve mass production at its Taylor 2 wafer fab in Texas by 2030.

Samsung Electronics: As part of a long-term supply agreement, a minimum price will be set.

Samsung Electronics: Plans to cover approximately 60%-70% of its total production capacity through multi-year contracts.

The Hong Kong Monetary Authority (HKMA) will continue to closely monitor market developments (regarding the Federal Reserve's interest rate decision).

Samsung Electronics: Second-quarter growth in its memory business was primarily driven by significant NAND flash memory.

July 30 - According to Iran's Tasnim News Agency, power has been fully restored to Qeshm Island, Iran, after a brief blackout caused by a missile attack on the power grid. The head of the local power company stated that repair crews had resolved the power outage, but all staff remain on high alert. US warplanes launched multiple missiles at various locations on the island early that morning.

Samsung Electronics: HBM4 revenue is expected to account for approximately 60% of total HBM revenue in the second half of the year.

July 30th - In the first half of the year, all regions and departments earnestly implemented the decisions and deployments of the CPC Central Committee and the State Council, actively promoted the implementation and effectiveness of several economic policies for high-quality cultural development, improved the quality and efficiency of the cultural industry, and focused on expanding the consumption of cultural products and services. Cultural enterprises achieved steady growth in operating revenue, and new cultural business formats demonstrated vigorous vitality. Operating revenue of large-scale cultural enterprises grew steadily. In the first half of the year, large-scale cultural and related industries nationwide achieved operating revenue of 7.2026 trillion yuan, an increase of 4.6% year-on-year. By sector, the core cultural sector achieved operating revenue of 5.0472 trillion yuan, an increase of 5.5% year-on-year. Among them, cultural investment and operation, news and information services, and creative design services achieved relatively rapid growth in operating revenue, with growth rates of 10.0%, 9.2%, and 9.2%, respectively.

On July 30th, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account +" was 1.4080%, and the lowest was 0.7000%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 1.0120%, and the lowest was 0.9100%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.0170%, and the lowest was 0.9050%.

On July 30th, it was reported that on July 29th, ByteDance initiated organizational restructuring for its AI business. The Lark and Doubao product teams will be integrated to form a new Doubao product team, headed by Zhao Qi, with Xie Xin, head of Lark, reporting to Zhao Qi. Regarding the GTM (Marketing, Sales, Customer Service) system, the Lark GTM team will be integrated with the Volcano Engine team to form a new ToB GTM organization, the "Creativity Service Platform," responsible for the overall marketing, sales, and customer service of ByteDance's MaaS and SaaS cloud services. This platform will be headed by Tan Dai, head of Volcano Engine, with Lin Chan, head of Lark Sales, and Shi Zhijun, head of Lark Strategy and Marketing, reporting to Tan Dai.

Samsung Electronics: Smartphone sales increased in the second quarter compared to the first quarter. Mobile phone shipments are expected to decline in the second half of the year.

Samsung Electronics: It has secured 2-nanometer process manufacturing orders from cloud service providers.

On Thursday, July 30, the Hang Seng Index opened 67.91 points higher, or 0.26%, at 25,875.83; the Hang Seng Tech Index opened 21.03 points higher, or 0.43%, at 4,885.76; the H-share Index opened 50.67 points higher, or 0.59%, at 8,674.19; and the Red Chip Index opened 11.2 points higher, or 0.26%, at 4,241.61.