Schumer agreed to add to a more narrow bill focused on semiconductor manufacturing grants and tax incentives. Just yesterday, Samsung unveiled its latest device models - Galaxy Z Fold 5, Galaxy Z Flip 5, Galaxy Tap S9 and Galaxy Watch 6/Watch 6 Classic - at the “Unpacked” international product launch event in its home country for the first time.Corrected July 20 | The Senate is moving forward with an even broader “chips-plus” bill containing hundreds of pages of science-related provisions that Senate Majority Leader Charles E. “However, continued macroeconomic risks could prove to be a challenge in such recovery in demand.” “Global demand is expected to gradually recover in the second half of the year, which should lead to an improvement in earnings driven by the component business,” Samsung said in a statement. The figure is better than expected: Samsung’s preliminary report issued earlier this month estimated its Q2 operating profits would likely be a 96% plunge, 600 billion won ($459 million).ĭespite operating profits dropping 95% in the second quarter, Samsung expects global demand for memory chips to rebound gradually in the second half of this year. The firm reported Thursday its companywide operating profits of 670 billion won (approximately $524 million) in the second quarter of 2023, down from 14.1 trillion won a year earlier. Samsung laid out its plan for the foundry business to introduce 2-nanometer production for mobile phone parts by 2025. DRAM also helps speed up process data for multitasking and building complex AI applications. For example, DRAM memory enables large language models, including OpenAI’s ChatGPT, to perform more advanced functions. Two main memory chips - DRAM and NAND - are used in devices from smartphones to servers at data centers. On an earnings call today, the executive vice president of Samsung’s memory division Jaejune Kim said it would continue its memory chip production cuts, adjusting for specific products, but will double its capacities of high-performance memory chips, including HBM, as the demand for those advanced memory chips is expected to grow continually. “Server demand remained weak as customers continued to adjust inventories, but demand for high-density/high-performance products stayed strong, driven by increased investments focusing on AI by major hyperscalers,” the company said. HBM, used in AI, 5G, the Internet of Things (IoT), graphic processing applications, virtual reality and augmented reality systems, provides faster data processing and lower power consumption compared to the traditional NAND. The tech giant, however, is aiming to generate a brighter AI picture for the future: It said that it plans to double down on producing high-performance memory chips like high-bandwidth memory (HBM) by 2024 due to robust AI demand. The move comes after Samsung slashed its memory chip production in April after hitting the worst quarterly profits since 2009 as demand for consumer devices remained weak. The world’s biggest memory chip maker posted a roughly $7 billion operating loss in its semiconductor business in the first half of 2023. Samsung Electronics continues to cut back its memory chip production, including NAND flash used in smartphones and PCs, after reporting a $3.4 billion (4.36 trillion won) operating loss in the second quarter of this year in its memory chip unit.
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