EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Yonhap News Agency, Samsung Electronics Chairman Lee Jae-yong expressed his deepest apologies for the public concerns caused by internal issues.On May 16th, media outlets reported that SpaceX proposed one of the most radical corporate governance proposals in US history, ensuring Musk wouldnt be fired and offering a trillion-dollar compensation package related to establishing a colony on Mars. In response, Musk stated on social media: "Yes, I need to make sure SpaceX focuses on achieving humanitys transformation into a multiplanetary species and extending consciousness to the stars, not on catering to certain peoples quarterly bonuses. If SpaceX succeeds in achieving this incredibly difficult goal, its value will far exceed the entire global economy by orders of magnitude. This process shouldnt be expected to be smooth sailing."May 16 – The government of the Democratic Republic of Congo (DRC) issued a statement on May 15 saying that the death toll from a new Ebola outbreak in Ituri province in eastern Congo has risen to 80. The DRC Ministry of Health stated that as of that day, a total of 246 suspected cases and 80 deaths had been reported nationwide, with four deaths confirmed by Ebola virus testing. The statement said the DRC National Institute of Biomedical Research confirmed that the outbreak was caused by the Bundibugyo strain of Ebola virus. The first suspected case was a nurse who died in April after receiving treatment at a medical facility in Ituri province. The patient had symptoms including fever, bleeding, vomiting, and severe fatigue.On May 16th, Berkshire Hathaway released its first-quarter holdings report (13F). Berkshire increased its holdings in Alphabet (GOOGL.O), The New York Times, and other stocks in the first quarter. Alphabet saw an increase of over 36 million shares, raising its stake from 2.04% to 5.93%. It completely sold off its holdings in Amazon (AMZN.O), Visa (VN), Mastercard (MA.N), and UnitedHealth Group (UNH.N). It reduced its holdings in Chevron (CVX.N) and Bank of America (BAC.N). It established a position in Delta Air Lines (DAL.N), purchasing 39.8 million shares, with a market value of approximately $2.65 billion. Its holding in Apple (AAPL.O) remained unchanged, ending three consecutive quarters of reductions; Apple remains its largest holding. Overall, Berkshires holdings in US stocks were valued at $26.3 billion as of the first quarter, compared to $27.4 billion in the previous quarter. During the quarter, the company bought approximately $16 billion worth of stocks and sold approximately $24 billion worth, resulting in a net sale of approximately $8.15 billion. The number of stocks held plummeted from 42 to 29, indicating a significant increase in market concentration.On May 16th, Bridgewater Associates, the worlds largest hedge fund, released its Q1 2023 13F report on its US stock holdings as of the end of March. The report shows that Bridgewater established new positions in 214 stocks, increased its holdings in 292 stocks, liquidated 261 stocks, and reduced its holdings in 487 stocks during the first quarter. Bridgewater significantly increased its holdings in chip stocks such as Nvidia (NVDA.O), Broadcom (AVGO.O), and Micron Technology (MU.O) during the first quarter, while liquidating its holdings in enterprise software stocks such as Salesforce (CRM.N) and ServiceNow (NOW.N), and reducing its holdings in Adobe (ADBE.O). As of the end of Q1, Bridgewaters US stock holdings were valued at $22.4 billion, compared to $27.4 billion in the previous quarter. Specifically, Bridgewater increased its holdings in Nvidia by 827,800 shares, raising its stake from 2.63% at the end of last year to 3.65%; it increased its holdings in Broadcom by 670,000 shares, raising its stake from 1.47% to 2.54%; and it increased its holdings in Micron Technology by 586,000 shares, raising its stake from 0.93% to 2.23%. In addition, Bridgewater initiated its first position in TSMC with 1.077 million shares, which accounted for 1.62% of its portfolio as of the end of the first quarter.

Samsung Elec Will Boost Chip Output Next Year - Media

Charlie Brooks

Dec 26, 2022 14:36

16.png


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."

Suggestion