MEMORY CHIP MARKETS
South Korean shares hit over 29-month high, Samsung Electronics shines
South Korean financial markets experience a surge, with shares hitting a 29-month high driven by Samsung Electronics' expected profit increase. Auto and financial sectors also see gains due to dividend policy measures. Bank of Korea suggests structural reforms for addressing high living costs. Foreign investors show interest with net share purchases. Market yields decline notably.
Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price decline. Micron's unique position in the semiconductor market is driven by the widespread usage of its high-bandwidth memory chips in advanced AI systems.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
Samsung workers strike, the first in the company's history
Samsung workers strike over wage disputes amid Samsung Electronics' battle to regain edge in memory chip business crucial for AI systems, challenged by SK Hynix in market dominance.
Samsung Electronics union announces first-ever strike
Samsung Electronics in wage negotiations with union since January, failed to narrow differences, known for producing high-end memory chips for generative AI.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
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Nvidia cuts China prices in Huawei chip fight
The flattening prices underscore the challenges Nvidia's China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.
Nvidia cuts China prices in Huawei chip fight, sources say
Nvidia's advanced AI chip designed for the Chinese market is facing challenges, with oversupply leading to lower prices than Huawei's rival chip. This highlights the difficulties Nvidia faces in China due to US sanctions and competition. While Nvidia aims to capture market share, the future looks uncertain. China's AI industry is growing, and Nvidia is balancing market needs and US tensions. The H20 chip's performance will be crucial, especially against Huawei's Ascend 910B, which is expected to see increased shipments.
Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Nvidia's blowout forecast adds fresh fuel to AI rally; stock jumps 9%
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Google launches Trillium chip, improving AI data center performance fivefold
Alphabet's effort to build custom chips for AI data centers represents one of the few viable alternatives to Nvidia's top-of-the-line processors that dominate the market. Together with the software that is closely tied to Google's tensor processing units (TPUs), the chips have allowed the company to take a significant share of the market.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
Huawei's new phone uses more China-made parts, memory chip
Huawei's Pura 70 Pro showcases China's tech self-sufficiency advancements through increased use of Chinese suppliers, including HiSilicon's NAND memory chip, and Kirin 9010 processor, challenging U.S. sanctions and impacting the smartphone market.
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year.
South Korea's Hanwha Aerospace to spin off industrial solutions businesses from defence
South Korea's Hanwha Aerospace announced plans to spin off its semiconductor equipment and video surveillance businesses to focus on its defense division. The spin-off will separate chip equipment maker Hanwha Precision Machinery and surveillance camera maker Hanwha Vision into a new industrial solutions company. The move aims to enhance the valuation of its high-growth chip equipment business and streamline its defense-focused strategy. Hanwha Aerospace's market capitalization is expected to benefit from the spin-off, aligning with Hanwha Group's efforts to streamline its defense business.
Nvidia supplier SK Hynix to invest $3.87 billion in US chip packaging plant
The new plant will include an advanced chip production line to mass-produce next-generation high bandwidth memory (HBM) chips, currently used in graphic processing units that train artificial intelligence systems, the Nvidia supplier said in a statement.
Samsung profit likely biggest in six quarters on higher chip prices
Operating profit for Samsung likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
Micron set for record high after AI demand steers strong forecast, surprise profit
The company's stock was last trading at $111.43, on track to set a record high at market open, if gains hold.
Micron starts mass production of memory chips for use in Nvidia's AI semiconductors
Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 5% on Monday.
Micron starts mass production of its memory chips for use in Nvidia's AI semiconductors
Nvidia will use the chip in its next-generation H200 graphic processing units, expected to start shipping in the second quarter and overtake the current H100 chip that has powered a massive surge in revenue at the chip designer.
Smartphones may get costlier from next quarter
Smartphone prices may increase in the June quarter due to rising memory chip prices and the strengthening of the Chinese yuan. Recent import duty cuts may partially offset the increase. Samsung and Micron are expected to implement a 15-20% price increase for memory chips in the March quarter. The impact of the price hike will be felt in the next quarter as vendors currently have sufficient inventory.
Japan's Advantest sees memory demand for AI boosting chip tester business
Advantest said it sees sales of memory testers reaching 244 billion yen ($1.65 billion) in the financial year ending March, an increase of 5 billion yen from its October outlook but down a quarter on the same period a year earlier.
Memory chip giant SK Hynix returns to profit on strong AI demand
The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence. SK Hynix is South Korea's second most valuable company, with market capitalisation of more than 101 trillion won, trailing Samsung Electronics' 443 trillion won.
Samsung flags bigger-than-expected Q4 profit drop on weak demand
Lower-than-expected profit from Samsung's chip contract manufacturing, mobile processors, television and home appliance businesses may have caused Samsung to fall short of forecasts, analysts said.
US chip stocks tumble after strongest year since 2009
This week's drop in semiconductor stocks has tracked a broad Wall Street decline as investors await the Federal Reserve's December meeting minutes due later on Wednesday for clues on its interest rate path.
Micron revenue forecasts strong recovery, shares jump
Demand for flash storage and dynamic random access memory (DRAM) should keep improving next year, while at the same time supply will begin to approach historically normal levels, the memory chipmaker said.
Micron revenue forecasts strong recovery, shares jump
Micron forecast revenue of $5.3 billion, plus or minus $200 million, for the second quarter, compared with estimates of $5.03 billion, according to LSEG data.
Nvidia upgrades flagship chip to handle bigger AI systems
The H200, as the chip is called, will overtake Nvidia's current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly.
Samsung Q3 profit beats expectations, raising hopes of chip recovery
Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn.
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