Page 13 - Memory Chip News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 demand. "In 2024, the memory business expects the market to continue to recover despite variou...

Samsung Electronics said Wednesday its fourth-quarter operating profit sank 34.4 percent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand.

India Business News: Samsung Electronics said on Wednesday its fourth-quarter operating profit sank 34.4 per cent from a year earlier due largely to sluggish semiconductor

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.

TSMC, the world’s largest contract chip manufacturer, projected revenue growth of at least 8 per cent to US$18.8 billion in the March quarter.