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On July 26, Bank of America analysts pointed out that the wrestling between US President Trump and Federal Reserve Chairman Powell over the interest rate cut issue will become the focus of the Federal Reserves interest rate meeting, but the market may usher in positive news. Although Powell is expected to reiterate the independence of the Federal Reserve and maintain interest rates unchanged, he may also release a "softening signal" - if inflation meets expectations, it will open a policy window for interest rate cuts. Analysts warned that the inflation panic caused by the escalation of the trade war may disrupt the pace of interest rate cuts, but as long as the economy continues to cool, the Federal Reserve will still start an easing cycle.According to Iranian media: An armed attack took place at the Zahedan Court in Balochistan Province in southeastern Iran.German Geoscience Research Center GFZ: A 5.93-magnitude earthquake occurred in western Papua, Indonesia.July 26 news, on July 26, the 2025 World Artificial Intelligence Conference and the High-level Meeting on Global Governance of Artificial Intelligence issued the "Artificial Intelligence Global Governance Action Plan". The "Plan" proposes to promote the innovative development of artificial intelligence. Adhere to the spirit of openness and sharing, encourage bold attempts and explorations, build various international scientific and technological cooperation platforms, create an innovation-friendly policy environment, strengthen policy and regulatory coordination, promote technical cooperation and achievement transformation, reduce and eliminate technical barriers, jointly promote breakthroughs and sustainable development of artificial intelligence technology innovation, deeply explore "artificial intelligence +" open application scenarios, and improve the level of global artificial intelligence innovation and development.On July 26, a Royal Thai Navy security source revealed that Thailands First Naval Region has dispatched four task force ships to support Operation Trat Annihilation 1. These ships are now deployed near Koh Kood Island off the coast of Trat Province and can provide fire support to ground forces within 1 minute after receiving the order. The task force consists of fast attack gunboats and patrol gunboats, both of which have the ability to provide immediate fire support to ground forces. These naval equipment are regarded by the Cambodian army as the most deterrent weapon system in the border area.

Samsung Elec expects mobile and PC chip demand to decrease in the second quarter

Aria Thomas

Jul 28, 2022 11:15

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Due to robust sales of server memory chips, Samsung Electronics Co., Ltd. reported a 12 percent increase in quarterly earnings on Thursday. As macroeconomic uncertainty lingers, the business forecasts that demand for mobile and PC processors will continue to fall.


According to the world's largest manufacturer of memory chips for cell phones, operating profit increased to 14.1 trillion won ($10.8 billion) for the quarter ending June 30, up from 12.57 trillion won a year ago. This is the company's best profit for any quarter since 2014, and its highest profit for the second quarter since 2018.


In addition, the company's earnings exceeded its own projections of 14 trillion won.


The rise in revenue was 21%, amounting to 77,2 trillion won.


A strong dollar, which reached a 20-year high, also aided chip earnings, increasing Samsung (KS:005930 operational profit )'s by around 1.3 trillion won from the previous quarter.


The majority of Samsung's chip sales are handled in U.S. dollars, but the business reports profitability in Korean won; hence, a strong U.S. dollar boosts earnings from semiconductors.