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A fire at an oil depot in Russias Krasnodar region has been put out, regional authorities said.Honda Motor rose in the short term, with the increase expanding to 8%; Nissan Motor plunged in the short term, turning from a rise to a drop of more than 4%.Honda Motors rose in the short term, with the increase expanding to 8%, while Nissan Motors plunged in the short term, turning from rising to falling by more than 4%.On February 5, DeepSeek impacted the AI supply chain. DIGITIMES Research stated that DeepSeek will not impact the AI chip market demand in 2025. In 2025, the global semiconductor industrys revenue will continue the trend of 2024, with an expected annual increase of 13.4% to reach a peak of US$714 billion.Futures News on February 5th: During the holiday, the overall demand for gasoline was acceptable, mainly supported by the expansion of public travel and the accelerated consumption rate of demand. The downstream mainly consumed the previous stocking inventory. Although the terminal consumption of diesel was limited, it was basically operated with low inventory. Therefore, the downstream stocking demand after the holiday supported the market price. However, considering that the trend of crude oil is not optimistic, the expectation of this round of price adjustment is initially stranded, and the expectation of the next round of price adjustment starts with a negative value, which has obviously suppressed the market price, and the market wait-and-see sentiment is difficult to eliminate. Taking all factors into consideration, it is expected that the price of gasoline and diesel will be mainly stable and weak after the holiday, and the downstream will maintain a medium-low inventory operation first.

Samsung Elec announces a higher Q2 profit owing to solid server-chip demand

Charlie Brooks

Jul 07, 2022 11:18


Samsung Electronics (OTC:SSNLF) Co Ltd announced its greatest April-through-June profit since 2018 with an 11 percent year-over-year gain, as demand for its memory chips from server customers more than offset decreased sales to smartphone manufacturers due to inflation.


The world's leading memory chip and smartphone manufacturer stated Thursday that its second-quarter operating profit grew to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier.


It was quite close to Refinitiv's SmartEstimate of 14,45 trillion won.


In agreement with market estimates, Samsung (KS:005930) announced in a short earnings report that sales likely climbed by 21 percent year-over-year to 77 trillion won.


This month, Samsung will provide detailed financial results.


Large U.S. IT companies that rely heavily on data center services continued to acquire chips to meet cloud demand, insulating Samsung's chip revenue from a potential client oversupply after two years of high demand.


According to the data source TrendForce, the price of some DRAM chips, which are utilized in electronic devices and servers, decreased by around 12 percent last month compared to the same time period one year prior. As demand for smartphones and laptops decreases, analysts believe that prices will continue to fall.


"Server DRAM is currently the only feasible sales channel... As a result, Korean manufacturers were the first to signal a willingness to contemplate a quarterly price cut of more than 5 percent (for server goods) "DRAMS," according to TrendForce.


According to TrendForce, the costs of NAND Flash chips, which are used in electronic devices for data storage, are projected to decline by as much as 5 percent between July and September compared to the previous quarter.


Following two profitable pandemic years in which customers purchased devices for remote work, chipmakers throughout the globe are observing a fall in demand.


According to analysts, rising prices, worries of a dramatic market collapse, the Ukraine war, and China's COVID-19 lockdowns have hampered smartphone sales, leaving server chip demand as the only bright light.


During morning trade, the price of Samsung's stock jumped by 0.9%.


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