Prøve GULL - Gratis
Samsung flags tenfold jump in QI profit as chip prices rally
The Straits Times
|April 06, 2024
Top-earning chip division set to report first profit in five quarters amid AI boom
-
Samsung Electronics estimated on April 5 that its first-quarter operating profit would rise more than tenfold, topping market expectations, as chip prices have started to rebound from a severe downturn, thanks to a boom in artificial intelligence.
But the guidance was not enough to cheer investors who sent Samsung shares down 0.9 per cent by the end of trading, in line with a 1 per cent drop in the wider South Korean market, as they await updates on progress in its high-end memory chip business that has been lagging behind rivals.
The world's largest memory chip and TV maker estimated that its operating profit rose to a better than expected 6.6 trillion won (S$6.58 billion) in the quarter ended March 31, beating a 5.7 trillion won LSEG SmartEstimate.
Denne historien er fra April 06, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
French macaron maker Laduree to return with pop-up at Ion Orchard
Move over, Pierre Herme. French patisserie Laduree is back to muscle in on the macaron action in Singapore.
2 mins
November 04, 2025
The Straits Times
Kipchoge to run in 7 continents to inspire
Two-time Olympic marathon champion Eliud Kipchoge says he will run seven marathons on seven continents over the next two years to raise funds for causes he believes in even as he continues to race at the elite level.
2 mins
November 04, 2025
The Straits Times
$186m magnet plant to boost rare earth sector in Malaysia: Anwar
Malaysian Prime Minister Anwar Ibrahim said the development of a RM600 million (S$185.8 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported.
1 min
November 04, 2025
The Straits Times
Coach operator Aeroline told to suspend all S'pore-Malaysia trips from Nov 6 to Dec 5
Malaysian coach operator Aeroline, which provides trips between Singapore and Malaysia, will temporarily suspend all its trips between Nov 6 and Dec 5.
2 mins
November 04, 2025
The Straits Times
US Republicans accused of choosing to ‘weaponise hunger’
House Democrat blames them for lapse of funding for food aid scheme for Americans
2 mins
November 04, 2025
The Straits Times
For a literary saint, author Margaret Atwood can sure hold a grudge
Canadian novelist Margaret Atwood does not like being called a prophet.
4 mins
November 04, 2025
The Straits Times
Thrift sellers, shoppers bemoan Indonesia's planned crackdown
The Indonesian government's plan to clamp down on imported used clothes, which are in violation of an existing ban, has drawn negative responses from thrift sellers and shoppers in Jakarta, especially in light of an increase in the cost of living and sustainability issues.
3 mins
November 04, 2025
The Straits Times
Australia and S-E Asia drifting apart over US-China rivalry
As Canberra doubles down on ties with the US and Aukus, its hopes of forging deeper links with Asean face growing headwinds.
5 mins
November 04, 2025
The Straits Times
China knows 'consequences' of any attack on Taiwan: Trump
But he stops short of saying US will provide military support to fend off an invasion
2 mins
November 04, 2025
The Straits Times
Look into how delivery riders are affecting road safety
Letter of the day
1 min
November 04, 2025
Listen
Translate
Change font size