All articles tagged with #memory chip
Micron Technology's stock rose 4.1% after raising its quarterly earnings and sales guidance, driven by strong demand for high-bandwidth memory used in AI data centers, with analysts optimistic about its outlook. Other chip stocks like Intel, Nvidia, and AMD also moved on related news, including export licenses to China and potential benefits for Taiwan Semiconductor.
Samsung Electronics estimates a more than 10-fold increase in first-quarter operating profit, surpassing market expectations, as chip prices rebound, but its shares drop as investors await updates on its memory chip business. The company's estimated operating profit of 6.6 trillion won beats expectations, while revenue misses estimates. The chip division is expected to report its first quarterly profit in five quarters, with memory chip prices rising and a positive response to the new Galaxy S24 smartphones likely contributing to solid profits in the mobile business.
China's leading flash memory maker, Yangtze Memory Technologies Co (YMTC), has filed a lawsuit against US memory chip maker Micron Technology for patent infringement. The lawsuit alleges that Micron and its subsidiary infringed on eight of YMTC's patents related to NAND flash memory chips. This legal battle comes as YMTC faces US sanctions and seeks to replace US parts in its manufacturing equipment. YMTC aims to establish itself as a key player in the global 3D NAND market, while Micron's market share is projected to decline.
Samsung predicts that the ongoing slump in the memory chip market will come to an end in 2024, providing relief to the company and the industry as a whole. The demand for memory chips has been affected by factors such as oversupply and the US-China trade war, leading to a decline in prices. However, Samsung expects the market to stabilize and recover by 2024, driven by emerging technologies like 5G, artificial intelligence, and autonomous vehicles.
Samsung expects a 96% drop in operating profit in Q1 2023, the biggest in almost 15 years, due to a significant drop in semiconductor demand. The company plans to reduce losses by cutting down on semiconductor output, including memory chips. However, sales of the Galaxy S23 series helped cushion the blow. Samsung is expected to release its complete quarterly earnings later this month.
Samsung Electronics plans to cut back memory chip production as its operating profit in Q1 2023 is expected to plummet about 96% from the previous year, the lowest profit posted by the South Korean tech giant since Q1 2009. The global macroeconomic slowdown, memory chip oversupply, and sluggish demand have hurt its profit. Samsung is projected to post 600 billion won ($450 million) in quarterly profit from January to March, dropping around 95.8% from 14.12 trillion won in Q1 2022.
Samsung has cut its memory chip production in response to a global glut, which has led to a drop in profits. The South Korean tech giant has been hit by a decline in demand for smartphones and other devices, which has led to a surplus of memory chips. The company is hoping that the production cut will help to stabilise prices and boost profits.
Micron Technology's financial results for Q2 2023 were in line with expectations, but sales plunged 53% due to a weak market for PCs and smartphones. As part of its cost-reduction program, Micron will increase staff reduction from 10% to 15%. However, there are some promising signs for the memory chip maker.