Samsung overtakes Intel as biggest memory chip maker

Samsung to invest $18 billion in memory chip business
Samsung Begins Production Of 64-Layer V-NAND At New Semiconductor Plant
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09 July, 2017

South Korea's ruling party made a rare comment about Samsung Electronics Co.'s good second-quarter earnings Saturday, a gesture seen as a prod to get the world's largest manufacturer of smartphones to do more to revitalize the local economy. This represents a massive 72% YoY growth over Q2 2016 when Samsung posted 8.14 trillion Korean won ($7 billion) in profits.

Benefitting from both a rise in demand and price for semiconductors and smartphone memory chips, many industry analysts now believe Samsung could outdo Intel in terms of sales in 2017.

The result beats expectations and puts Samsung on track to report the highest profit in its history for the full year.

"Samsung's second-quarter estimates have been baked into the market for the past weeks, and investors remained cautious amid increased tension on the Korean Peninsula", said Kim Sung-hwan, an analyst at Bookook Securities.

On Tuesday, Samsung said it would invest an additional 20 trillion won, or more than $17 billion, in its South Korea semiconductor facilities.

Peter Parker May Still have His Spider Sense in Spider-Man: Homecoming
"The shot of [Spider-Man and Iron Man] together in Queens, that was never in the movie", Watts revealed. "Yeah, Chameleon's cool. The Spidey cover, however, featured Spider-Man trapped in a glass tube, seemingly captured by the Fantastic Four.

China urges India to 'correct mistakes' by withdrawing border troops
Meanwhile, the more mainstream China Daily suggested that some in the Indian military were seeking payback for the 1962 war. He also cited a note presented by the Indian embassy in China to the Chinese foreign ministry on February 12, 1960.

France's Total signs $4.8 billion natural gas project with Iran
The signing of the final document was postponed to allow for inspections to ensure compliance with USA sanctions against Iran. All of the natural gas from Phase 11 is slated for the Iranian economy, the world's third largest gas market.

The mobile business gathered ground on strong sales of the Galaxy S8 smartphones, which increased the average-sales-price of its handsets.

Galaxy S8 shipments could top 15 million units this quarter, Tim Long, an analyst at BMO Capital Markets, told clients in a note Friday. SK Hynix is also expected to see its operating profits grow almost 500 billion won (US$433.09 million) from the previous quarter.

Additionally, with iPhone 8 component orders creating a worldwide shortage of DRAM and NAND chips, Apple was yesterday reported to have turned to Samsung's chip division for some of its 3D NAND chips. The iPhone maker, the world's No. 1 company by market capitalization, is scheduled to release its quarterly earnings results on August 1.

The company also plans to expand its NAND chip plant in the Chinese city of Xian to meet booming demand for the chips used in high-end storage products.

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


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