SK Hynix

Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income

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Samsung Electronics topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft and Alphabet led a surge in spending on artificial intelligence (AI) services. The world’s largest memory chip maker reported net income of 6.62 trillion won (US$4.8 billion) in the March quarter, versus the average analyst projection for 5.63 … Read more

Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

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At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink … Read more

US memory chip maker Micron soars after AI growth boosts revenue forecast

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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

World’s No 2 memory chip maker SK Hynix reports surprise profit

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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

China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

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This article was first published by The Korea Times in a partnership with the South China Morning Post. A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own a number of Samsung Electronics smartphones in the 2010s, attracted by the devices’ well-designed appearance and popularity among consumers across mainland China. “It was once … Read more

South Korean chip production jumps most in 6 years, as Samsung and SK Hynix signal optimism in wake of slump

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South Korean chip production jumps most in 6 years, as Samsung and SK Hynix signal optimism in wake of slump South Korea’s semiconductor industry recorded the largest gains in years in both production and shipments, underscoring a revival of technology momentum that bodes well for the nation’s economic outlook next year and for the global … Read more