“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more
Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence (AI) hardware. Revenue for its financial third quarter will be US$6.4 billion to US$6.8 billion, Micron said in a statement on Wednesday. That compares with … Read more
SK Hynix reported a surprise operating profit boosted by strong sales of high-end memory chips used to power artificial intelligence (AI) applications. The world’s No 2 maker of memory chips reported an operating profit of 346 billion won (US$259 million) in the December quarter, compared with analyst estimates for a 169.9 billion won loss. Revenue … Read more
Samsung Electronics posted its sixth straight quarter of declining operating profit, reflecting stubbornly weak demand for consumer electronics globally. Korea’s largest company reported a 35 per cent fall in operating income to 2.8 trillion won (US$2.1 billion), versus the 3.7 trillion won average of analysts’ estimates. Revenue came to 67 trillion won, compared with projections … Read more
A leading Chinese memory chip maker may have achieved another technological breakthrough amid tight US trade restrictions, according to third-party analysis of a company paper delivered to an international conference. ChangXin Memory Technologies (CXMT), China’s top dynamic random access memory (DRAM) developer, this week presented a paper to the 69th annual IEEE International Electron Devices … Read more
