Ship Prices 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...

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.

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.

China's curbs on critical metals: Though the decision comes as a retaliatory move against Western countries, it may impact not just India's ambition of becoming a semiconductor hub

China Shipbuilding Industry Report 2021: China's Shipbuilding Completion Volume Fell by 27.3% in Q120 Due to COVID-19 February 11, 2021 05:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com's offering. Shipbuilding is a modern and comprehensive industry of strategic importance that provides technical equipment to industries such as water traffic, ocean development and national defense. China's shipbuilding industry has been developing rapidly with the government's policy support and cost advantages si...