IDC: Apple's global iPhone shipments fell nearly 10% in the first quarter
According to market tracking agency IDC, Apple iPhone shipments fell nearly 10% in the first quarter of this year, but its market share declined when the smartphone industry rebounded as a whole. Mobile phone shipments in the global mobile market increased to 289.4 million units, an increase of 7.8% over the previous year. Samsung Electronics is back at the top of the list. Shipments of the low-cost brand Communication Holdings increased 85%, and Xiaomi's shipments rebounded, narrowing the gap with second-place Apple.
Samsung Electronics is reported to announce a $44 billion US chip investment plan as soon as next week
Samsung Electronics is preparing to unveil plans to invest 44 billion US dollars in chip production in the US as soon as next week. This is a landmark project in the context of Washington's efforts to bring semiconductor production back to the US. According to people familiar with the matter, the world's largest memory chip maker plans to share the outline of this Taylor project in Texas with US Secretary of Commerce Gina Raymondo. They said that Samsung Electronics has finalized more than 6 billion US dollars in US government subsidies, and its investment expenditure has increased dramatically to 44 billion US dollars over many years. The timing and details of the announcement plan may still change. Due to discussions on undisclosed matters, people familiar with the matter should
According to the news, Samsung Electronics announced an investment of 44 billion US dollars in the US as early as next week
According to people familiar with the matter, Samsung Electronics is preparing to announce plans to invest 44 billion US dollars in the US chip manufacturing sector as early as next week. The world's largest memory chip maker plans to join US Secretary of Commerce Gina Raimondo (Gina Raimondo) to outline the project in Taylor, Texas, according to sources. People familiar with the matter said that Samsung Electronics has received more than 6 billion US dollars in funding from the US government for an investment plan, and the investment scale is expected to expand to 44 billion US dollars within a few years. However, the timing and details of this announcement are still likely to occur until finalized
South Korean regulators ordered Samsung Electronics to rectify because it interfered with agent operations
South Korea's antitrust regulator said on Wednesday that it had decided to order Samsung Electronics to take corrective action because the company interfered with the business operations of its authorized retail stores. According to the Korea Fair Trade Commission (FTC), Samsung Electronics required its agents to provide their retail price information between January 2017 and September 2023, even though this information was treated as a trade secret. Samsung Electronics required agents to enter sales prices into the system and collected retail price information for 15,389 products at 159 sales points in Korea as of 2020, including refrigerators and washing machines. The company makes use of these numbers
Technology stocks were sold off, and the Asian stock market recorded its biggest decline in four weeks
A key Asian stock market index recorded its biggest decline in nearly four weeks, dragged down by a sell-off in technology stocks, as market concerns about US monetary policy heated up, and Middle East risks showed signs of escalating. The MSCI Asia Pacific Index once fell 1.2%, with Toyota, Tokyo Electronics, and Samsung Electronics leading the declines. (Global Market Report)
Samsung Electronics' sharp increase in profit in the first quarter shows an improvement in the chip business
Samsung Electronics' profit surged in the first quarter of 2024, indicating an improvement in its chip business and strong sales of Galaxy S24 smartphones. The world's largest memory chip maker reported an initial operating profit of around 6.6 trillion won (4.9 billion US dollars) on Friday, higher than analysts' estimates of 5.37 trillion won, and ended the quarterly decline that began in the third quarter of 2022. Samsung Electronics' revenue for the first quarter rose to approximately 71 trillion won, which is estimated at 71.8 trillion won. Samsung Electronics will release a full financial report with division segments later this month. Samsung Electronics' performance is positive
SK Hynix's market capitalization surpassed 100 billion US dollars and more than doubled in the past year
South Korea's SK Hynix surpassed $100 billion in market capitalization as investors continued to inject cash into shares of companies seen as major providers of artificial intelligence technology. Due to a surge in market demand for its high-bandwidth memory (HBM), the chipmaker's stock price has more than doubled over the past year to become the second-largest listed company in Korea. According to analysts, SK Hynix has more than 90% of the market share in the latest version of HBM. Although rival Samsung Electronics still has a market capitalization of more than 360 billion dollars, it lags behind SK Hynix in developing memory chips for artificial intelligence.
Driven by AI fanaticism, Korean stocks attracted US$12.2 billion in foreign investment in the first quarter, setting a record
Investors' fervor for artificial intelligence (AI) drove foreign capital into the Korean stock market, setting the biggest quarterly record ever. According to the data, overseas investors made a net purchase of 12.2 billion US dollars of Korean stocks in the first quarter of this year, second only to Japan in Asia. Their favorites are chip makers active in the global artificial intelligence supply chain, such as Samsung Electronics and SK Hynix. These two stocks attracted net inflows of US$4.1 billion and US$1.3 billion respectively in the first quarter. According to Korea Financial Investment Association (Korea Financial Investment A)
According to the news, Samsung Electronics' labor and management have reached an agreement to raise wages by 5.1% this year
According to people familiar with the matter, Samsung Electronics' labor and management have reached an agreement on an average salary increase of 5.1% this year. Sources revealed that the world's largest memory chip and smartphone maker has reached an agreement with employee representatives on wages and extended maternity leave. This year's wage increase was 5.1%, up from 4.1% last year. Samsung Electronics said that although there is still uncertainty in the global economy, the company has decided to raise wages by about 5% to boost employee morale.
Top 20 US stock turnover on March 25: Damo says the market has underestimated Apple's AI plan
On Monday, Nvidia, the number one in terms of US stock turnover, closed up 0.76% and traded $52.202 billion. According to a recent research report, Nvidia has released a number of new products to support robot development, which are expected to optimize robot training methods. Additionally, Google, Intel, and Qualcomm executives said they plan to counter Nvidia's dominance in the field of artificial intelligence through the UXL Foundation. In second place, AMD closed down 0.57% and traded $12.826 billion. According to reports, AMD plans to manufacture consumer-grade chip products such as lower-end Ryzen series APUs and Radeon series GPUs
Samsung's appeal to AI investors is still insufficient, raising questions about whether Nvidia can help it lead the HBM chip market
Nvidia's unexpected endorsement may have made some investors excited about Samsung Electronics' catch-up prospects in the artificial intelligence (AI) competition, but others still question this. Samsung's main competitor SK Hynix is already Nvidia's supplier, providing the latter with the latest version of the high-bandwidth memory HBM3E. Hwang In-hoon seemed to suggest that Nvidia would also buy some HBM chips from Samsung, but SK Hynix has made huge progress by providing previous generations of technology. Fund manager Yoon Joonwon of Deutsche Bank Asset Management said that Samsung Electronics is indeed more attractive than in the past, but based on
Global sales of Samsung's first AI phone, the Galaxy S24 series, increased 8% in the first three weeks
According to industry data released on Monday, Samsung Electronics' new Galaxy S24 series smartphones had a strong start in the first three weeks after launch and achieved double-digit sales growth in major markets. According to data from market research firm Counterpoint Research, between January 28 and February 17, the global sales volume of the Galaxy S24 increased 8% compared to the previous Galaxy S23 series in the same period last year. In particular, sales in the Korean domestic market increased 22% compared to the previous generation. In Western Europe, strongly predicted by the United Kingdom, Germany, and France
Nvidia, Chip Stocks Could Hit an Air Pocket Soon, Says Analyst -- Barrons.com
Investors have been busy buying up chip stocks with exposure to generative artificial intelligence, but one Mizuho analyst sees near-term risk to this big boom in semiconductor-stock prices.
SK Hynix will invest $1 billion this year to develop high-bandwidth memory technology
SK Hynix is increasing its investment in the advanced chip packaging business, hoping to seize the opportunity of a sharp rise in market demand for high-bandwidth memory (HBM). HBM is a key component used in the development of artificial intelligence AI. Lee Kang-Wook, who is responsible for packaging development at SK Hynix, said the Icheon-based company will invest more than 1 billion US dollars in Korea this year to expand and improve the final steps of its chip manufacturing. He was an engineer at Samsung Electronics. “The first 50 years of the semiconductor industry have been at the front end,” that is, the design and manufacture of the chip itself, Lee said in an interview, “but the next 50 years will be
What's Going On With Micron Technology Stock?
Micron Technology, Inc. (NASDAQ:MU) shares are trading higher Friday after Mizuho analyst Vijay Rakesh maintained Micron with a Buy rating and raised the price target from $100 to $105.The Details:Miz
Apple is considering developing more wearables including smart glasses and AirPods with cameras
A few years ago, Apple's industrial design team proposed an idea to health team executives: create a smart ring to transfer the Apple Watch's health tracking function to the finger. Recently, engineers at Apple Labs in Cupertino, California discussed the possibility of developing smart glasses that would be similar to new products from Meta Platforms Inc. and Amazon. It is expected to provide audio capabilities (users no longer need to wear AirPods) and use artificial intelligence and cameras to recognize things around them. The device also helps advance one of Apple's long-held dreams
Samsung Teams Up With Micron For Cutting-Edge AI Experience In Galaxy S24 Series
Micron Technology, Inc. (NASDAQ:MU) revealed on Tuesday that Samsung Electronics Co (OTC:SSNGY) has adopted its LPDDR5X memory and UFS 4.0 mobile flash storage for specific devices within the Galaxy S
Samsung Electronics Announces Joining the AI-RAN Alliance Led by Nvidia
Samsung Electronics said on Monday that it will join an alliance led by US chip giant Nvidia to lead the next generation of artificial intelligence (AI) -driven 6G network technology. Samsung Electronics said it has joined semiconductor, telecommunications, and software giants such as Nvidia, Arm, SoftBank, Ericsson, Nokia, and Microsoft as a founding member of the AI-RAN Alliance established at this year's Mobile World Congress (MWC). The 2024 Mobile World Congress opens on Monday in Barcelona, Spain for four days. The goal of the alliance is to combine artificial intelligence and wireless communication technology to form 6G technology research and development
Juniper Networks, Samsung, And Wind River Collaborate On Virtual Cell Site Router For Enhanced Network Virtualization
Juniper Networks, Inc. (NYSE:JNPR) inked a pact with Samsung Electronics Co (OTC:SSNGY) and Wind River on a virtual cell site router (vCSR) to allow service providers to operate their networks with en
Successfully won an order from Microsoft, and Intel's chip foundry business achieved a major victory
Intel's success in attracting Microsoft as a customer in the chip foundry business marked a key victory for the company in reversing losses. Microsoft and Intel said at an event on Wednesday that Microsoft plans to use Intel's 18A manufacturing technology to produce self-developed chips. They didn't say exactly what product it was, but Microsoft recently announced plans to develop two self-developed chips. One is a computer processor and the other is an artificial intelligence accelerator. Intel CEO Pat Gelsinger is furthering the chip foundry business Intel has always sought to prove its competitive strength in the foundry market. OEM core
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