MEMORY CHIP MARKETS
Hedge funds turn to South Korea for next wave in AI Hedge funds, including FengHe and CloudAlpha, invest in South Korea's chipmakers and firms like HD Hyundai Electric. These companies support Nvidia, aided by a 26 trillion won government package, boosting the KOSPI index. Despite the depreciating wo...
11 Jul, 2024, 08.39 PM ISTAI boom reshapes Wall Street as TSMC joins trillion-dollar club The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street. The top ten of the world's most valuable companies is headed by Microsoft...
09 Jul, 2024, 08.25 AM ISTET Explainer: Why are South Korean Samsung workers protesting? The National Samsung Electronic Union (NSEU) which represents thousands of Samsung Electronics workers expressed dissatisfaction with the annual leave, wages, and current bonus calculations. Despite Samsung proposing flexible terms regarding pay and...
08 Jul, 2024, 04.44 PM IST
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 structu...
04 Jul, 2024, 01.02 PM ISTMicron 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...
27 Jun, 2024, 08.03 AM ISTNvidia 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 ord...
19 Jun, 2024, 03.04 PM ISTSamsung 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.
07 Jun, 2024, 07.00 AM ISTSamsung 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.
29 May, 2024, 08.44 AM ISTNvidia 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.
24 May, 2024, 10.25 PM ISTNvidia 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 Nvidi...
24 May, 2024, 09.09 AM ISTNvidia 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.
24 May, 2024, 08.50 AM ISTNvidia'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.
23 May, 2024, 07.46 PM ISTHuawei'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.
09 May, 2024, 09.06 AM ISTSamsung 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.
30 Apr, 2024, 07.37 AM ISTSamsung 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.
04 Apr, 2024, 09.52 AM ISTMicron 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.
21 Mar, 2024, 03.43 PM ISTMicron 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.
27 Feb, 2024, 12.52 AM ISTJapan'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.
31 Jan, 2024, 06.20 PM ISTSamsung 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.
09 Jan, 2024, 08.37 AM ISTMicron 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.
21 Dec, 2023, 09.41 AM IST