Morning Bid: Samsung to serve chip taster for earnings feast
In late May, Samsung averted a large-scale strike, reaching a wage deal that allocates 10.5% of the semiconductor division’s operating profit to special…
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Summary
The ongoing memory shortage has fuelled a massive rally in memory chipmakers’ shares, with Samsung Electronics, SK Hynix and Micron soaring 158%, 273% and 242%, respectively, this year, driving all three companies’ market valuations above $1 trillion. Any drop in AI spending could come back to haunt Samsung and SK Hynix, which last week pledged to invest 3,200 trillion won ($2.07 trillion) to expand chip capacity in South Korea.
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The ongoing memory shortage has fuelled a massive rally in memory chipmakers’ shares, with Samsung Electronics, SK Hynix and Micron soaring 158%, 273% and 242%, respectively, this year, driving all three companies’ market valuations above $1 trillion.
according to The Hindu - HomeAny drop in AI spending could come back to haunt Samsung and SK Hynix, which last week pledged to invest 3,200 trillion won ($2.07 trillion) to expand chip capacity in South Korea.
according to The Hindu - Home
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