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Semiconductors: The increase is a positive indication that world trade is starting to regain strength after a global slowdown. South Korea releases its data earlier than many economies and due to its key position in global supply chains and the tech sector, its export figures are watched closely to get an early take on the trajectory of world trade.
SEOUL (Reuters) -Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung shares opened 3.3% higher versus a 1.4% rise in the wider market, as analysts said memory chip prices likely bottomed in the third quarter, with some types starting to rebound. The world's largest memory chip and smartphone maker estimated its operating profit fell to 2.4 trillion won ($1.79 billion) in July-September, from 10.85 trillion won a year earlier in...
The US government's recent decision allowing South Korea's Samsung Electronics and SK Hynix to buy advanced manufacturing equipment for their semiconductor plants in mainland China is expected to make life more difficult for rival domestic memory chip makers like Yangtze Memory Technologies Co (YMTC), according to analysts. In a major concession to Seoul, Washington has granted both Samsung and Hynix an indefinite waiver on broad restrictions to export advanced chip-making equipment to the mainl
South Korean tech giants such as Samsung Electronics and SK Hynix will be permitted to supply their chip equipment units to their Chinese factories.
China's top memory chip maker Yangtze Memory Technologies Corp (YMTC) is forging closer ties with domestic tool suppliers in an urgent bid to replace US components in its manufacturing equipment, according to two people familiar with the matter. The Wuhan-based company has recently intensified discussions and cooperation with Chinese semiconductor equipment makers, including a major Beijing-based company, to develop and produce replacements for crucial parts widely used in its equipment made by