Streetbeat News

SSNLF

Samsung Electronics

http://www.samsung.com/

Industry

Computer Storage Device Manufacturing

Open

40.60

Mkt cap

269B

Volume

3.6K

High

40.60

P/E Ratio

8.44

52-wk high

40.60

Low

40.60

Div yield

0.02

52-wk low

40.60

The global supply of high-performance memory chips is expected to remain tight through 2024 and into 2025 due to surging demand for AI technology. Major manufacturers like SK Hynix and Micron Technology Inc (MU) face shortages, with Samsung Electronics (SSNLF) also in the race, particularly with its advanced 12-layer HBM3E chips. This situation is exacerbated by intense competition and geopolitical factors, including U.S.-China semiconductor spending and discussions on AI risks. NVIDIA Corp (NVDA) is anticipated to benefit from strong demand, impacting pricing power and market dynamics.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 6:45 am

Intel Corp is in advanced talks with Apollo Global Management for an $11B partnership to build a chip plant in Ireland. The deal, expected to close in the coming weeks, aims to expand Intel's chip-making capacity amid rising demand and financial challenges. Intel's expansion includes facilities in Arizona, Ohio, and Ireland, competing with Taiwan Semiconductor and Samsung Electronics. The company seeks financing due to high project costs and a slowdown in its PC and server chip business. Intel's stock has seen modest gains, and the deal could attract government grants under the Chips Act of 2022.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 1:12 pm

Industry speculation suggests that Apple may partner with Samsung Display to develop foldable displays, according to a report by DigiTimes. This potential partnership could signal Apple's entry into the foldable device market, leveraging Samsung Display's expertise in the area.

Portfolio Pulse from Charles Gross

May 09, 2024 | 11:48 am

The AI boom has highlighted the importance of South Korean chipmakers Samsung Electronics (SSNLF) and SK Hynix, with experts debating which is the better investment. Both companies are key suppliers to Nvidia (NVDA), a major beneficiary of the AI surge. Samsung reported a significant increase in profits, while SK Hynix returned to profitability after losses. Opinions on investment favor SK Hynix for its early leadership in HBM3 and higher profit margins, though some see potential in both companies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 4:24 am

Wearable Devices Ltd. (WLDS) has been invited to present its AI-powered touchless sensing wearables at the Samsung Global Sourcing Fair 2024 in South Korea. This event offers a significant opportunity for Wearable Devices to showcase its gesture control technology, the Mudra Band, to Samsung's senior management and explore potential collaborations. The technology enables users to control digital devices through natural finger movements, promising to make interactions with digital worlds more intuitive and efficient.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:45 pm

SK Hynix, a key supplier to NVIDIA Corp, has announced that its high-bandwidth memory (HBM) chips, essential for AI chipsets, are nearly sold out for 2025 due to booming demand in the AI industry. This surge in demand has led to SK Hynix reporting its first profitable quarter in five, highlighting the rapid expansion of AI services and the increasing importance of HBM chips in this sector. The company's investment in the U.S. semiconductor industry, including a $4 billion chip-packaging facility in Indiana, underscores the strategic importance of HBM chips and the broader semiconductor industry's growth.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 6:43 am

Samsung Electronics Co Ltd (OTC:SSNLF) has surpassed Apple Inc (NASDAQ:AAPL) as the largest provider of smartphones, driven by its AI phone's popularity. Eli Lilly And Co (NYSE:LLY) and NXP Semiconductors NV (NASDAQ:NXPI) reported earnings above consensus, with LLY raising its FY24 EPS projection. Advanced Micro Devices, Inc. (NASDAQ:AMD), Amazon.com, Inc. (NASDAQ:AMZN), and Super Micro Computer Inc (NASDAQ:SMCI) are set to report earnings, providing further insight into AI demand. The Eurozone economy showed resilience with a Q1 GDP growth of 0.3%. Early trade money flows are positive in AMZN, neutral in AAPL and Alphabet Inc Class C (NASDAQ:GOOG), and negative in Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), SPDR S&P 500 ETF Trust (NYSE:SPY), and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

April 30, 2024 | 3:19 pm

Samsung Electronics Co., Ltd. (OTC:SSNLF) reported a 931.9% increase in Q1 operating profit, primarily due to a strong recovery in its semiconductor division. The company's overall revenue rose by 12.8% year-on-year, with the chip business bouncing back from five consecutive quarters of losses. The Device Solutions division, overseeing the chip business, saw a 68% revenue increase and turned a previous year's loss into a profit. However, the Mobile Experience division experienced a slight profit drop.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 2:20 am

AMD has partnered with Samsung Electronics to enhance its MI350 data center chip with advanced HBM3E memory technology in a deal worth approximately $3 billion. This partnership aims to boost the chip's capabilities, particularly in bandwidth, to compete more effectively with Nvidia's offerings. Samsung will supply 12-layer HBM3E DRAM for the MI350, with mass production expected in the first half of the year. Additionally, Samsung will purchase AMD GPUs, with supplies starting in the second half of the year. This move is seen as a strategic effort by AMD to improve its market position against Nvidia, especially in terms of chip bandwidth.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:43 pm

Mattel, Inc. (NASDAQ:MAT) has partnered with Samsung to launch its first three 24/7 Free Ad Supported Streaming (FAST) channels on Samsung TV Plus. The channels, named Barbie and Friends, Hot Wheels Action, and Mattel Jr., will feature content from Mattel's iconic brands and are set to go live later this year. This partnership marks Mattel's first foray into the FAST streaming service, aiming to engage fans with their favorite characters and storylines through Samsung's expanding content offering.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:04 pm

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