Page 14 - Memory Chip News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SEOUL (Reuters) -Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its businesses even as memory chip prices improved. The world's largest memory chip, smartphone and TV maker estimated its operating profit fell to 2.8 trillion won ($2.13 billion) in October-December from 4.31 trillion won a year earlier. The profit missed a 3.7 trillion won LSEG SmartEstimate, weighted toward forecasts from analysts who are more consistently accurate.

Samsung Electronics said Monday it will focus on utilizing on-device artificial intelligence (AI) as a key driver to sustain its leadership position in the highly competitive smart...

Demand for consumer electronics remaining weak, even as memory chip prices have improved slightly. as you said, samsung is the world's largest memory chip, smartphone and television maker and it is estimated its operating profit will halve from 2.1 3 operating profit will halve from 2.13 billion between october to december and it was more than $4 billion a year ago. analysts say that the chip contract manufacturing mobile processes, televisions, home appliances may have caused this fall leaving samsung to fall short of forecasts. but despite being weaker than expected it is also samsung's smal...

Demand for flash storage and dynamic random access memory (DRAM) should keep improving next year, while at the same time supply will begin to approach historically normal levels, the memory chipmaker said.

SEOUL (Reuters) -Samsung Electronics on Tuesday flagged a gradual recovery in demand in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of a rebound from a severe downturn. The proliferation of on-device artificial intelligence (AI) functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone maker said in a statement. The South Korean technology giant said operating profit reached 2.4 trillion won ($1.78 billion) in July-September.