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

Google and Apple are reportedly discussing a potential AI partnership involving Google's Gemini AI platform for iOS 18, sparking optimism among analysts. BofA analyst Justin Post reiterated a Buy rating on Alphabet Inc (GOOG, GOOGL) with a $173 price target. The collaboration could enhance iOS with advanced AI features and reinforce Google's AI leadership. However, Apple may still consider other AI providers. The deal's financial terms are undisclosed, but it's expected to involve a technology licensing fee from Apple to Google. Google's stock responded positively to the news, but there's a risk Apple could choose another partner. Investors can also gain exposure to Google through ETFs like VOX and IXP.

Portfolio Pulse from Anusuya Lahiri

March 19, 2024 | 6:39 pm

Taiwan Semiconductor Manufacturing Co (TSM) and Intel Corp (INTC) face construction delays in Arizona due to high costs and labor shortages, impacting their efforts to strengthen the U.S. semiconductor supply chain. Suppliers like LCY Chemical and Solvay have paused or downscaled their plans, citing increased expenses and operational challenges. This situation reflects broader issues in expanding the U.S. chip supply, with costs significantly higher than in Asia. TSMC and Samsung are also adjusting their global expansion strategies due to these challenges. TSMC's stock has risen 52% due to the AI boom, with exposure available through ETFs like SOXX and CWI.

Portfolio Pulse from Anusuya Lahiri

March 19, 2024 | 11:32 am

Taiwan Semiconductor Manufacturing Co (TSM) has seen its shares soar over 110% since October 2022, largely due to the AI boom and its role as a key supplier to Nvidia Corp (NVDA). Despite AI contributing only 6% to TSMC's total revenue in 2023, the company expects AI revenue to grow at an annual rate of 50%, aiming for it to represent a high-teen percentage of total revenue by 2027. TSMC is expanding globally, with new plants in the US, Japan, and Germany, to meet demand from tech giants like Amazon.com Inc (AMZN) and Microsoft Corp (MSFT). Apple Inc (AAPL) is also developing processors using TSMC's 2-nanometer fabrication process. However, overbought signals and geopolitical tensions pose risks. TSMC and Samsung Electronics Co (SSNLF) are set to receive significant funds from the US under the 2022 Chips and Science Act. Investors can gain exposure to TSMC through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX). TSM shares traded lower by 2.16% to $136.60 premarket.

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 12:44 pm

Fidelity International advises investors to look beyond the current AI market leaders like NVIDIA, suggesting exploration of indirect AI beneficiaries such as semiconductor foundries, packaging technology companies, and memory companies. The firm draws parallels between the AI hype and the dot-com bubble, indicating a potential similar trend. Despite NVIDIA's significant gains, other companies like Taiwan Semiconductor, Samsung Electronics, and SK Hynix have also seen substantial growth, benefiting from the AI boom.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 4:06 am

The U.S. government is reportedly set to provide over $6 billion to Samsung Electronics (OTC:SSNLF) to expand its chip production in the U.S., as part of the 2022 Chips and Science Act. This move aims to boost domestic chip production amid a global shortage and reduce dependence on foreign manufacturers. Additionally, Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is also expected to receive over $5 billion in funding, highlighting the U.S. government's commitment to fostering competition in the chipmaking industry.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 1:43 am

Intel is reportedly in discussions to receive significant subsidies for its U.S. fab development, which would enhance its competitiveness against TSMC. Similarly, Samsung is continuing to receive financial support from the South Korean government, according to sources from fab toolmakers as reported by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:28 pm

Samsung Electronics is adopting a new chip-making technology to compete in the AI chip market, aiming to improve its position against SK Hynix and Micron Technology. SK Hynix leads with over 80% market share in HBM3 chips, supplied mainly to Nvidia, which has seen a 91% stock increase year-to-date due to AI demand. Samsung's shift from NCF to MUF technology is expected to enhance its HBM production yields, which currently lag behind SK Hynix's. Investors can gain exposure to Nvidia through ETFs like QOWZ and TRFK.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 11:44 am

President Joe Biden proposed a tax overhaul targeting billionaires like Elon Musk and Jeff Bezos in his State of the Union address, aiming to invest in various sectors. Fed Chair Jerome Powell provided an optimistic outlook on the U.S. economy, anticipating strong growth and a robust labor market. Asia's emerging markets, led by TSMC and Samsung, are recovering, driven by tech stocks. Natural gas prices surged as EQT Corporation, the largest U.S. producer, cut output. Employment growth in February, as reported by ADP, missed forecasts, indicating a slowdown in the labor market.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:55 am

Alphabet Inc.'s Google announced that its Pixel 8 smartphone will not include the Gemini Nano AI feature due to hardware limitations, specifically its 8GB of RAM. This contrasts with the Pixel 8 Pro, which supports the feature thanks to its 12GB of RAM. Samsung's Galaxy S24, despite having the same RAM as the Pixel 8, includes AI capabilities. The absence of Gemini Nano AI in the Pixel 8 underscores the challenge of balancing hardware advancement with software innovation in the tech industry.

Portfolio Pulse from Rounak Jain

March 08, 2024 | 11:43 am

Powerchip Semiconductor Manufacturing Corp (PSMC) is planning to build a $5.3 billion semiconductor plant in Japan in partnership with SBI Holdings, aiming to start production in 2027. The project faces a significant challenge due to a shortage of chip engineers. PSMC plans to transfer over 200 engineers from Taiwan and train young Japanese engineers to overcome this. The initiative could also benefit competitors like Taiwan Semiconductor Manufacturing Co (TSMC), which is also expanding in Japan along with Micron Technology, Inc (MU), and Samsung Electronics Co (SSNLF). TSMC's shares dropped by 2.99% to $134.12.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 6:27 pm

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