The astounding 313% gains that shares of Micron Technology (NASDAQ: MU) have clocked over the past year have brought the company’s market capitalization to around $463 billion, a big increase from the $100 billion-plus level a year ago. The stunning rise in Micron stock is justified by the phenomenal jump in the company’s revenue and…
A number of mainland-based suppliers of memory chips and storage solutions are pursuing share listings in Hong Kong, signalling a strategic change in how the sector aims to fuel its global ambitions, according to analysts. The most watched firm is Shanghai-based Montage Technology, a designer of high-speed interconnect chips for data centres, which is taking…
Samsung Electronics said on Friday it has named its mobile chief TM Roh as a new co-CEO and head of its device experience division, which oversees the company’s mobile phone, TV and home appliance businesses. The appointment returns Samsung to its traditional co-CEO structure, which divides oversight of its chip and consumer divisions, after the…
ChangXin Memory Technologies (CXMT), China’s leading memory chipmaker, has started mass production of a new generation of DRAM products in the latest sign of the country’s advancing semiconductor capabilities. The Hefei-based company, which is preparing for an initial public offering in Shanghai, announced on its official website that it had begun producing LPDDR5X – an…
SEOUL (Reuters) -Samsung Electronics reported its memory chip revenue hit a record high in the third quarter and said it will focus on mass producing its most advanced products next year, expecting continued strength in the chip market, driven by AI demand. The turnaround of the world’s top memory chipmaker reflects the unexpected boom in…
Eswin, China’s largest supplier of 12-inch silicon wafers, has received approval for an initial public offering (IPO) in Shanghai, the latest sign of increased efforts by Chinese chip companies to raise funds amid the rapid development of artificial intelligence (AI) and the country’s tech self-sufficiency drive. The company, which produces monocrystalline silicon polished wafers and…
(Reuters) -China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that Beijing wants the Trump administration to relax export…
(Reuters) -China wants the United States to ease export controls on chips critical for artificial intelligence as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping, the Financial Times reported on Sunday. Chinese officials have told experts in Washington that Beijing wants the Trump administration to relax export…
By Heekyong Yang, Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics forecast a gradual second-half recovery for its chips business after second-quarter operating profit at the division plunged 94% from a year earlier due to shipment delays and U.S. export curbs on advanced semiconductor sales to China. The South Korean tech giant said on…
By Heekyong Yang SEOUL (Reuters) -Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia. The world’s biggest maker of memory chips is projected to report an April-June operating profit of 6.3 trillion won ($4.62…