Samsung may become the world's largest chip maker

Alicia Cross
July 9, 2017

Nomura has predicted DRAM chip prices will continue to rise in the second half of 2017 due to limited supply and strong demand driven by servers.

Samsung's second quarter results, which will be published on July 28, will also provide the first full quarter for sales of Samsung's Galaxy S8 smartphone, a critical release for the company after the spectacular failure of its Galaxy Note 7 a year ago.

Samsung would sell about 49 million S8s by the end of its first full-year release, in line with first-year sales of the Galaxy S7, he said. The numbers beat projected estimates by analysts and indicate a more-than-positive state for Samsung, ahead of its announcement of the Galaxy Note 8 later this year. That would represent a jump of 18 percent in revenues compared to the same period a year ago, and an increase of 72 percent for profits.

Samsung Electronics (005930.KS and SSNLF) reported better-than-expected second quarter results, and is set to surpass Apple (AAPL) as the world's most profitable tech company, but margin expectations are too high, Susquehanna Financial Group says.

He projects annual operating profits of 50 trillion won for 2017, up 70 percent from previous year.

Cyber Attacks On US Energy Plants Reach "Urgent" Level
The joint report was obtained by The New York Times and confirmed by security specialists who have been responding to the attacks. Wolf Creek declined to comment on security issues but emphasized that there had been no "operational impact" on its facility.

IL budget doubles funding for owners' awards
The two-year budget stalemate in IL is finally over - but the state's daunting financial troubles haven't gone away. The drama across the IL state capitol continued even as lawmakers gathered to cast their votes.

Chart Monitor: Taking a Look at Shares of Spectris PLC (SXS.L)
The share price of Photo-Me International (LON:PHTM) was down -1.53% during the last trading session, with a day high of 164.50. The stock was purchased at an average price of GBX 213 ($2.76) per share, for a total transaction of £151.23 ($195.89).

Samsung is doubling down on its silicon success too, announcing earlier this week that it will be investing $18 billion in its chip manufacturing business.

The factory in Pyeongtaek, 70 kms (44 miles) south of Seoul, is the world's biggest and has recently started production after Samsung Electronics spent 15.6tn won over the past two years to build it.

It means that overall performance has become dependent on semiconductor stocks, including Samsung Electronics, even further.

The company seems to be more than making up for the loss of reputation it suffered after its Galaxy Note 7 flagship started exploding due to a battery defect.

Meanwhile, Samsung's de facto leader, Lee Jae-yong, is standing trial over his alleged role in a bribery scandal that has roiled South Korea. Mr.

Other reports by Free-Prsite

Discuss This Article