Reuters:
Sources: the US plans to spare SK Hynix and Samsung from the brunt of new restrictions on DRAM and NAND chipmakers in China planned to be released this week — The Biden administration plans to spare SK Hynix (005930.KS) and Samsung (005930.KS) from the brunt of new restrictions …
Reuters:
SK Hynix warns memory chip demand faces an “unprecedented deterioration” and reports Q3 2022 operating profit fell 60% YoY to ~$1.16B amid soaring inflation — South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand …
Will Feuer / Wall Street Journal:
Citing a weakened market, Micron says wafer production for DRAM and NAND memory chips will be down about 20% over the past quarter; Micron’s stock fall 5%+ — Company cites market conditions for softening demand — Micron MU -5.04%decrease; red down pointing triangle Technology Inc …
Francisco Pires / Tom’s Hardware:
Samsung details GDDR7, already in production, with speeds up to 36Gbps, doubling GDDR6’s 18Gbps, and plans to release new V-NAND chips with a 230-layer design — Increasing investments as others tighten their belts — Samsung is looking to capitalize on its deep and varied revenue sources …
June Yoon / Financial Times:
An in-depth look at the US sanctions on China’s chipmakers and worries over their impact on inflation and rising costs for Western manufacturers and customers — The advice “dig two graves, before you set out” applies to anyone bent on revenge. An old aphorism is hardly going to divert …
Reuters:
Sources: Biden admin plans more curbs on US shipments to China of chipmaking tools and chips for AI, affecting Lam Research, Applied Materials, KLA Corp, others — The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence …
Munsif Vengattil / Reuters:
Samsung launches a co-branded credit card with Axis Bank in India, where it has 175M customers, offering 10% cashback to customers buying Samsung products — Samsung Electronics (005930.KS) is targeting repeat purchases from its 175 million customers in India through a new cashback credit card …
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