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April 11th - A Bank of America research report indicates that the Eurozone is far more sensitive to oil prices than the United States. The study found that a 10% shock to oil prices would have an inflationary impact of approximately 40 basis points and a corresponding growth impact of over 10 basis points. Both of these effects are roughly twice that in the United States. We believe this result is due to the higher proportion of energy in Europes consumption basket and the regions status as a net importer of oil.On April 11th, Baidu AI Cloud, in collaboration with embodied intelligence companies such as ZeroPower, LingSheng Technology, Fourier, Weite Technology, Topway Intelligence, Shutu Technology, and Songying Technology, launched the Baidu AI Cloud Embedded Intelligence Data Supermarket (Beta Version). This pioneering hierarchical and scalable data tagging system accelerates the large-scale deployment of embodied intelligence. Currently, Baidu AI Cloud provides services to over 30 embodied intelligence companies, including Zhiyuan and Unitree.April 11 - It was learned on the morning of the 11th local time that talks between Iran and the United States were "very likely" to begin that afternoon in Islamabad. According to information received by Iran, both delegations will first meet separately with the Prime Minister of Pakistan before the formal talks begin.April 11 – The US delegation participating in the US-Iran talks arrived in Pakistan on April 11 local time. Early on the morning of the 11th local time, Pakistani officials confirmed that the US-Iran talks would be held that day at the Serena Hotel in Islamabad, the capital of Pakistan, to seek a peaceful solution to the current Middle East crisis. The Iranian delegation, led by Speaker of the Iranian Islamic Parliament, Ghalibaf, has also arrived at the Serena Hotel.On April 11th, a Bank of America research report pointed out that a 10% oil price shock in the 1970s would have had a 90 basis point inflationary impact on the United States, while today that impact is approximately 25 basis points. Furthermore, the report noted that the drag on US growth from oil price shocks has also decreased from over 70 basis points in the past to about 5 basis points today. This may be attributed to the reduced US dependence on oil and the shale oil boom since the 2010s, which has made the US a net energy exporter.

Samsung Elec Will Boost Chip Output Next Year - Media

Charlie Brooks

Dec 26, 2022 14:36

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A South Korean tabloid claimed late on Sunday that Samsung Electronics (OTC:SSNLF) aims to raise chip manufacturing capacity at its main semiconductor factory in 2019, despite predictions of an economic slowdown.


In response to decreased demand and an oversupply of chips, competing chipmakers have reduced their expenditure.


Analysts have stated that Samsung's (KS:005930) commitment to investment plans will likely assist the company in gaining market share in memory chips and bolster its stock price when demand improves.


Samsung wants to expand its P3 facility in Pyeongtaek, South Korea, by adding 12-inch DRAM memory chip wafer capacity, according to unidentified industry sources cited by the Seoul Economic Daily.


It will also increase the plant's capacity to produce 4-nanometer chips under foundry contracts - that is, according to clients' designs, according to the publication.


This year, P3 began producing cutting-edge NAND flash memory chips, making it the company's largest chip manufacturing plant.


The publication reports that Samsung plans to install at least ten extreme UV equipment next year.


The company refused to comment on the report.


Contrary to the industry-wide propensity to reduce output to fulfill medium- to long-term demand, the company stated in October that it has no intention of reducing chip manufacturing.


Han Jin-man, executive vice president of Samsung's memory unit, stated at the time, "We intend to stick with our initial infrastructure investment plans."


In contrast, memory chip competitor Micron Technology Inc (NASDAQ:MU) said last week that it will reduce its spending in fiscal 2023 from $12 billion in fiscal 2022 to between $7 billion and $7.5 billion. It will also "substantially reduce capital expenditures" in fiscal 2024, the company added.


In October, the Taiwanese chipmaker TSMC reduced its yearly investment budget for 2022 by at least 10 percent and sounded a more negative tone than typical regarding future demand.


Greg Roh, head of research at Hyundai Motor Securities, wrote in a client note on Monday, "The chip industry slowdown will exacerbate the challenges of No. 2 and below chip businesses, while benefiting the market dominance of top companies such as Samsung."

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