Streetbeat News

SSNLF

Samsung Electronics

http://www.samsung.com/

Industry

Computer Storage Device Manufacturing

Open

40.60

Mkt cap

268B

Volume

200

High

40.60

P/E Ratio

8.44

52-wk high

40.60

Low

40.60

Div yield

0.03

52-wk low

40.60

Samsung Electronics warns of a significant drop in Q3 profits due to shipment delays of AI chips approved by Nvidia and increased competition from Chinese rivals. Despite a 274% increase in operating profit from the previous year, the company's memory business faces challenges from inventory adjustments and increased supply of legacy products.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 1:52 am

Samsung Electronics has announced that it is not interested in spinning off its foundry business, despite market speculation. This decision indicates Samsung's commitment to maintaining its integrated business model, which could impact its competitive positioning in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 9:37 am

President Biden signed a law exempting certain U.S. chipmaking facilities from federal environmental reviews under the CHIPS Act, aiming to prevent delays in semiconductor projects. This impacts companies like Intel, Micron, and Samsung, which are receiving substantial government subsidies.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 8:13 am

Qualcomm and STMicroelectronics have announced a strategic collaboration to enhance AI-powered IoT solutions. This partnership aims to integrate Qualcomm's AI wireless connectivity with STMicroelectronics' microcontroller ecosystem. Despite recent stock declines for STMicroelectronics due to sector weaknesses, Qualcomm has shown growth, particularly in automotive and IoT sectors.

Portfolio Pulse from Anusuya Lahiri

October 01, 2024 | 4:49 pm

Samsung is reportedly considering reducing its workforce by up to 30% in certain divisions, including sales, marketing, and administration. This move is part of a broader trend of tech layoffs in 2024, with over 100,000 IT jobs cut in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:27 pm

SK Hynix's shares surged over 9% as it began mass production of advanced HBM3E chips, driven by AI demand. The company, a key supplier to NVIDIA, plans to deliver these chips by year-end. This positions SK Hynix ahead in the competitive AI-driven market.

Portfolio Pulse from Kaustubh Bagalkote

September 26, 2024 | 3:10 am

In August, phone shipments within China increased by 26.7% year-over-year, reaching 24.05 million handsets, according to data from CAICT reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:35 am

Taiwan Semiconductor Manufacturing Co (TSMC) denies rumors of UAE investment plans, focusing instead on U.S. expansion with significant support from federal grants and loans. TSMC is a key supplier to major tech companies and is building advanced fabs in Arizona.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 1:21 pm

UAE President Sheikh Mohamed bin Zayed al-Nahyan is visiting the US to discuss AI cooperation with President Joe Biden. The UAE aims to secure US support for its AI ambitions, reduce fossil fuel dependence, and establish a framework for AI collaboration. The UAE has partnered with Nvidia and announced a $30 billion AI fund with BlackRock, Global Infrastructure Partners, and Microsoft. Additionally, TSM and Samsung are considering building chip megafactories in the UAE.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 12:58 pm

TSMC and Samsung are exploring the construction of $100 billion chip megafactories in the UAE, driven by the AI boom and global expansion plans. These projects face technical and logistical challenges, including political concerns about AI chip shipments to China. The UAE aims to boost its domestic tech industry with these developments.

Portfolio Pulse from Benzinga Neuro

September 23, 2024 | 3:04 am

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