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Japans June core CPI annual rate will be released in ten minutes.July 24th - In the first half of this year, my countrys automobile exports reached 635.82 billion yuan, a year-on-year increase of 48.3%, with exports reaching more than 210 countries and regions worldwide. Among them, exports of new energy vehicles reached 360.68 billion yuan, a year-on-year increase of 68.7%.NVIDIA (NVDA.O): A lab dedicated to advancing agent-based AI models and intelligent agent systems built specifically for Korean industry, language, and the future.1. On Thursday, all three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.97% to 51,711.65 points, the S&P 500 fell 1.21% to 7,408.3 points, and the Nasdaq Composite fell 2.15% to 25,137.69 points. Tesla plunged more than 14% after its second-quarter net profit fell short of expectations and its gross margin further declined. Google fell more than 7%, and its total market capitalization fell below $4 trillion. The Wind U.S. Tech Giants Index fell 3.86%, with Facebook falling more than 3% and SpaceX rising more than 2%. 2. All three major European stock indexes closed lower. The German DAX fell 1.56% to 24,763.12 points; the French CAC40 fell 1.64% to 8,299.09 points; and the UK FTSE 100 fell 0.73% to 10,639.17 points. 3. The WTI crude oil futures contract closed up 6.37% at $92.36 per barrel; the Brent crude oil futures contract rose 4.91% to $94.61 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures falling 2.40% to $4052.30 per ounce and COMEX silver futures falling 3.99% to $57.90 per ounce.The UKs GfK consumer confidence index for July was -17, compared to a forecast of -21 and a previous reading of -23.

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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