Page 15 - Memory Chips 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 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.