Page 8 - Memory Chips News Today

SEOUL (Reuters) -Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% on-year drop in fourth-quarter profit despite a memory price rebound, as consumer demand remained weak in many businesses. The world's biggest maker of memory chips said it expected mobile and PC makers to place more and better chips in devices as use of artificial intelligence expands, while the need to replace older servers would also aid a gradual recovery in ...

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.- Cash buffer - The company also reported its full-year profits for 2023 on Wednesday, with operating profit for the year at 6.56 trillion won, down 84.9 percent from the previous year, the Yonhap news agency reported.

The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence.SK Hynix is South Korea's second most valuable company, with market capitalisation of more than 101 trillion won, trailing Samsung Electronics' 443 trillion won. 

SK Hynix, which in December became South Korea’s second-most valuable company, reported a surprise operating profit boosted by strong sales of high-end memory chips used to power AI applications.

A memory chip plant located halfway between Seoul and Beijing illustrates the tough choices South Korean business leaders and policymakers face as they try to limit the damage from the US tech war with China.

The worlds largest memory chipmaker fell to just over two billon dollars in the last quarter of 2023, while sales felljust under 5%. lets head over to our asia business hub and suranjana tewari is there for us. how samsung does is so important to the south korean economy. we know it has been difficult because it has been flagging right throughout last year that numbers would be worse than they thought. that is riaht, worse than they thought. that is right. sally _ worse than they thought. that i...

(Bloomberg) -- Chinese Premier Li Qiang visited the country’s foremost developer of memory chips, in the latest show of government support for US-sanctioned Yangtze Memory Technologies Co. as the two powers clash over technology.Most Read from BloombergFed Sees Rates Staying High for Some Time With Cuts Eyed in 2024Confidential Jeffrey Epstein Documents Unsealed by New York CourtSaving the Panama Canal Will Take Years and Cost Billions, If It’s Even PossibleTech Stocks Log Four-Day...

Memory-chip demand is rising, and prices are starting to recover.

Memory chips maker Micron (NYSE:MU) beat analysts' expectations in Q1 FY2024, with revenue up 15.7% year on year to $4.73 billion. Guidance for next quarter's revenue was also optimistic at $5.3 billion at the midpoint, 4.9% above analysts' estimates. It made a non-GAAP loss of $0.95 per share, down from its loss of $0.04 per share in the same quarter last year.

ChangXin Memory Technologies presented a paper involving advanced gate-all-around transistors to the 69th annual IEEE International Electron Devices Meeting.