Samsung Chip

Samsung Electronics cuts memory chip production as profit declines

Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit. The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory products by unspecified meaningful levels to optimize its manufacturing operations, adding it has sufficient supplies of those chips to meet demand fluctuations. The company predicted an operating profit of 600 billion won ($455 million) for the three months through March, which would be a 96% decline from the same period a year earlier. It said it sales during the quarter likely fell 19% to 63 trillion won ($47.7 billion). Samsung, which will release its finalized first quarter earnings later this month, said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories to nurse

Samsung braces for worst profit in at least 14 years as tech demand withers

Samsung has said its strategy historically has been to keep spending during downturns to increase its competitive position

Samsung to invest $230 bn on 5 advanced chip plants to get competitive edge

Samsung forecast the global chip market to shrink 6 percent on-year to reach $563 billion this year, due to a sharp drop in demand

Samsung to build 'mega' chip cluster near Seoul, sets aside $230 billion

Samsung Electronics said on Wednesday it expects to invest 300 trillion won (USD 230 billion) over the next 20 years as part of an ambitious South Korean national project to build the world's largest semiconductor manufacturing base near the capital, Seoul. The chip-making mega cluster, which will be established in Gyeonggi Province by 2042, will be anchored by five new semiconductor plants built by Samsung. It will aim to attract 150 other companies producing materials and components or designing high-tech chips, according to South Korea's Ministry of Trade, Industry and Energy. Samsung's new plants will be located near its existing domestic factories and will produce both computer memory chips used for storing data and higher-margin logic chips designed to perform a broader range of functions, the company said. A giant in the global memory business, Samsung is trying to expand its presence in advanced chips, anticipating that demand will soar in coming years with the adoption of

Samsung to continue with chip investment, undeterred by 8-year-low profit

The share prices of Samsung and compatriot SK Hynix Inc fell 3 per cent and 2.2 per cent respectively on Tuesday

CPU, DRAM, Samsung, TSMC: Key terms, firms to know in global chip crisis

As $160 bn industry battles one of its worst routs, a look at the players who matter

Memory chip crisis threatens to wipe out earnings, destabilise suppliers

It's been a swift descent from the industry's pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones

Samsung likely to reveal its first in-house mobile chipset in February

Tech giant Samsung's mobile division (MX) will reportedly reveal its first in-house mobile chipset next month, during the launch of the Galaxy S23 series

Samsung profit tumbles by 69% in historic drop on chip price falls

The crisis in the memory chip market has been further exacerbated by US sanctions on some chip-related exports to China, hurting demand from some of Samsung's key clients

Samsung Electronics aims to expand semiconductor production at P3 factory

The tech giant is considering the expansion of its chip production in order to outperform its competitors and support the share price of the company once the market recovers

Samsungs Mobile Experience Business forms new team to make its own chips

The company has formed an application processor (AP) solution development team within the business

Samsung's 8th Gen V-NAND chips to expand storage in next-gen servers

Toggle DDR (Double Data Rate) is a NAND interface for high-performance applications which support data read and write operations

Chipmakers see 'breathtaking drop' in demand as global recession looms

Samsung reported a 32% dive in operating income, while PC-processor chipmaker AMD said it will miss its earlier forecast by about $1 billion

No plan to cut chip production despite slowing demand, says Samsung

Samsung Electronics is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior company executive has said

Samsung logs record chip market share, Intel at distant second: Report

Intel overtook Samsung in 2019 and remained at the top until 2020, before it was beaten by Samsung again last year

Samsung begins operation of mega chip manufacturing line in South Korea

Samsung, the world's largest memory chip maker, said it has begun foundation work for yet another manufacturing line, P4, at its Pyeongtaek's mega 2.9 million-square-meter campus

Samsung beats TSMC, begins mass production of 3-nanometer semiconductors

Samsung said its first-generation of the 3nm process node achieves a 16 percent area reduction, 23 percent higher performance and a 45 percent lower power consumption

The most important tech company you've never heard of

Top tech companies turn to a Dutch firm for ultra-advanced machines to make chips. The machines use light beams to make narrow circuits on chips - which are now the backbone of the world economy

Nvidia gives upbeat revenue forecast, Applied Materials sees challenges

With tech firms venturing into the 'metaverse' and a spike in demand for data centers, revenue is surging for Nvidia, the world's largest maker of graphic and artificial intelligence chips

Global chip sales cross $500 billion for the first time: Gartner

Worldwide semiconductor revenue increased 25.1 per cent in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time, a Gartner report showed on Monday.