SAMSUNG ELECTRONICS CO LTD

16 Aug

Tech Rally Propels Emerging Stocks To Best Week in Four Months

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Asia, Bonds, Currency, Emerging Markets, SAMSUNG ELECTRONICS CO LTD, South Africa, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology, US Dollar Spot

Emerging-market stocks rallied on Friday, driven by tech companies in Asia, following US data which boosted investor optimism that the world’s biggest economy will avoid a recession. The MSCI gauge for developing world stocks climbed as much as 1.6%, extending their weekly gains to 2.8%, on track for the biggest since April. Taiwan Semiconductor Manufacturing Company, Samsung Electronics Co and Alibaba Group Holding are the biggest contributors to the rally. Source link lol

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol

15 Aug

USC Professor Lands $43 Million in Funding for AI Startup

stp2y0 CommentsRAG modelsALPHABET INC-CL A, artificial intelligence, AUTHORS GUILD/THE, infrastructure, MICROSOFT CORP, NEW YORK TIMES CO-A, privacy, SAMSUNG ELECTRONICS CO LTD, Southern California, startups, Technology

Sahara AI, a startup co-founded by a University of Southern California associate professor, has raised $43 million as it seeks to address thorny copyright and privacy issues surrounding artificial intelligence technology.The funding was led by Pantera Capital, Binance Labs and Polychain Capital and included investors such as Samsung, Matrix Partners, Nomad Capital as well as angel investors and founders from the industry, the startup said in a statement on Wednesday. It will deploy the capital to expand its team of experts and develop its technology. Source link lol

13 Aug

Google Launches Pixel 9 Phones, Pixel Watch 3 in Renewed Push to Sell AI

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, artificial intelligence, design, gadgets, hardware, SAMSUNG ELECTRONICS CO LTD, smartphone, software, Technology

Alphabet Inc.’s Google is rolling out upgraded smartphones, watches and earbuds, aiming to take on Apple Inc. and Samsung Electronics Co. and offer more ways to use artificial intelligence.Google is touting the products — unveiled weeks ahead of Apple’s newest gadgets — as the best way to experience its latest AI technology. The hardware also has outward changes, with Google moving away from the curved design it has used for several years on its Pixel phones. Source link lol

12 Aug

Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, APPLE INC, artificial intelligence, hardware, iphone, SAMSUNG ELECTRONICS CO LTD, smartphone, software, Technology, TWITTER INC

With its hardware event on Tuesday, Alphabet Inc.’s Google is trying to outshine Apple’s annual iPhone launch — and is letting longtime executive Rick Osterloh take center stage.Osterloh, the former president of Motorola who joined Google in 2016, will helm the first major product launch after the company this year unified under his leadership the teams developing hardware and the Android operating system. The reorganization expanded Osterloh’s influence in the company and signaled that Google intends to compete in hardware for the long term. Source link lol

09 Aug

Samsung Recalls Million-Plus Electric Stoves After Fire Reports

stp2y0 CommentsRAG modelsAsia, Automotive, BEST BUY CO INC, COSTCO WHOLESALE CORP, Emerging Markets, infrastructure, retail, SAMSUNG ELECTRONICS CO LTD, South Korea, Technology, Utilities

Samsung Electronics Co. is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice posted on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between $1,250 and $3,050, the notice read. Source link lol

09 Aug

With US Chips Act Money Mostly Divvied Up, the Real Test Begins

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The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.The Chips Act, enacted two years ago Friday, is the nation’s most audacious foray into industrial policy since World War II. It’s essentially a bet that four companies — Intel Corp., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — can bring sophisticated chip production back to the US. In a sign of the ambition, one explicit goal is making a fifth of…

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

08 Aug

Kakao Founder Charged With Stock Manipulation in Landmark Case

stp2y0 CommentsRAG modelsBom Suk Kim, Executives, JULY SARL/CAEN, KAKAO CORP, SAMSUNG ELECTRONICS CO LTD, Seoul, shopping, SM ENTERTAINMENT CO LTD, social media, South Korea, Technology

South Korean prosecutors have indicted Kakao Corp. founder Brian Kim on charges of stock manipulation, kicking off a watershed case that’s transfixed South Korea’s young internet industry.Prosecutors formally charged the entrepreneur with market violations during his company’s takeover battle for SM Entertainment Co., Yonhap news service reportedBloomberg Terminal Thursday. Kim was allegedly involved with an attempt to buy and push SM stock above a rival offer of 120,000 won ($87) from BTS-agency Hybe Co., the agency reported. Executives carried out that alleged maneuver over a total of four days, in mid-February 2023 as well as later that month, Yonhap said,…

07 Aug

South Korea Logs Biggest Current Account Since 2017 on AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, Economic Growth, Exports, Imports, Interest Rates, JULY SARL/CAEN, Raw Materials, SAMSUNG ELECTRONICS CO LTD, South Korea, Technology

South Korea’s current account recorded the biggest surplus in more than six years, boosted by global demand for chips used in artificial intelligence and other technology exports that have underpinned the nation’s economic growth.South Korea logged a net $12.3 billion current account surplus in June, the most since September 2017, with semiconductors and communications devices leading the export growth while imports of raw materials and capital goods fell, according to balance of payments data released Wednesday by the Bank of Korea. Net assets in the financial account also increased by $12.2 billion, the most since October 2020. Source link lol