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

Taiwan Semiconductor Manufacturing Co (TSMC) announced its A16 chip technology, set to begin production in 2026, aiming to outpace Intel in chip speed. This 1.6-nm technology will compete directly with Intel's advancements and is not expected to require ASML's new lithography tools, unlike Intel's plans. TSMC's focus on AI chip manufacturers as initial adopters, along with a new power delivery technology for AI chips, underscores its strategic positioning in the semiconductor industry. The company reported a 16% revenue increase year-on-year and anticipates significant capital expenditures and revenue growth. TSMC's stock has seen a 62% increase over the past 12 months, with exposure available through ETFs like SMH and SOXX.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 12:44 pm

Samsung Electronics Co (OTC:SSNLF) has begun mass production of the world's most advanced 286-layer NAND flash memory chips, aimed at AI data centers and smartphones. These chips, which are 50% denser than their predecessors, are expected to be used by major U.S. tech companies like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL). The new chips offer a 33% improvement in data input/output speeds and a 10% reduction in power consumption. Samsung is also developing a 10th-generation product with over 400 layers.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 4:47 pm

DigiTimes reports that prices for High Bandwidth Memory (HBM) are expected to decline in the second half of 2024 due to increased market competition among key players such as Samsung (SSNLF), SK Hynix, and TSMC (TSM).

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:33 pm

Samsung Group is implementing a six-day workweek for executives across all units to address business uncertainties, including currency depreciation, rising oil prices, and high borrowing costs, following disappointing results in 2023. This includes executives from Samsung Electronics Co. Ltd (OTC:SSNLF), which reported a significant operating loss in its semiconductor business. The move is part of a broader trend among South Korean conglomerates to navigate industry downturns and geopolitical risks.

Portfolio Pulse from Franca Quarneti

April 18, 2024 | 5:11 pm

Samsung has been ordered to pay $142 million for infringing on phone patents. This legal decision could impact Samsung's financials and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:56 pm

The U.S. government is awarding Samsung Electronics up to $6.4 billion to expand its chip-making operations in Taylor, Texas, as part of an initiative to boost semiconductor manufacturing in the U.S. This grant will support Samsung in increasing its investment in the region to about $45 billion, enabling the construction of a second chip-making factory and an advanced chip-packaging facility. The effort aligns with the 2022 Chips Act's objectives and aims to restore the U.S.'s prominence in the global semiconductor industry. Additionally, Nvidia supplier TSMC has increased its U.S. investment to $65 billion, supported by a federal grant and loans, to produce advanced 2-nanometer chips.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 1:57 pm

Samsung executives reportedly visited Taiwan and TSMC in secret to discuss a collaboration on High Bandwidth Memory (HBM).

Portfolio Pulse from Charles Gross

April 15, 2024 | 9:30 am

The U.S. government is set to provide $6.4 billion in grants to Samsung Electronics as part of the Chips Act, aimed at bolstering semiconductor production.

Portfolio Pulse from Charles Gross

April 15, 2024 | 9:23 am

Samsung Electronics Co plans to announce a $44 billion investment in a chip plant in Taylor, Texas, with over $6 billion in U.S. government grants. This move is part of the U.S. strategy to boost domestic semiconductor production under the 2022 Chips and Science Act. Samsung's investment aims to enhance its chip technology, aligning with AI industry leaders like NVIDIA Corp and Micron Technology, and follows a collaboration with Arm Holdings for next-gen CPU technology.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:49 am

Lee Boo-jin, sister to Samsung Electronics Chairman Jay Y. Lee, is selling approximately 5.25 million shares of Samsung Electronics Co (OTC:SSNLF) in a block deal valued at around $330 million. The shares are offered at a slight discount, with investor orders already covering the sale. This follows a January sale by Lee Boo-jin and family to pay inheritance taxes. Samsung's strategic pivot to a new chip-manufacturing method aims to strengthen its AI chip sector presence, potentially impacting Nvidia Corp (NASDAQ:NVDA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 3:57 pm

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