Peer pressure might be a good thing for Samsung Electronics . The $350 billion conglomerate’s 51% rise in quarterly operating profit underscores its dependence on memory chips. Local competitors Hyundai , SK and LG are moving faster to capitalise on new markets. Maybe that’ll be a call to action.
to expand in Indonesia. Similarly sprawling SK group floated its biotech business, which developed South Korea’s first experimental Covid-19 vaccine. Hyundai is racing ahead in electric vehicles, ambitiously targeting 7% of the global market by 2030 from less than 3% last year, as estimated by Bernstein analysts.from prison last August, the Samsung group unveiled plans to spend $190 billion over three years in contract chip-making, biopharmaceuticals, robotics and beyond.
- Operating profit from its semiconductor business, which includes memory chips and contract chipmaking, jumped 151% from the same three-month span in 2021, to 8.5 trillion won. The sum accounted for 60% of the company's total operating profit.Editing by Jeffrey Goldfarb and Thomas ShumOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pohang University of Science & Technology: Accelerating innovation for a brighter futureDownload the newest booklet from ScienceCustomPublishing: Accelerating Innovation for a Brighter Future, a seminal collection of Science articles by researchers at Pohang University of Science and Technology.
Baca lebih lajut »
Analysis: North Korea signals expansive mission for its nuclear weaponsAs South Korea’s new conservative president prepares to take office, North Korea is outlining an expansive, ambiguous, and potentially destabilising doctrine for using its nuclear weapons, analysts said.
Baca lebih lajut »
Joe Biden to travel to South Korea, Japan next monthPresident Biden will make his first trip to Asia as president when he travels to South Korea and Japan from May 20-24, the White House announced Wednesday night.
Baca lebih lajut »
More Sask. doctors considering reduced hours as pandemic takes tollPremier Scott Moe says he understands doctors concerns, adding the province is trying to alleviate pressure on the system.
Baca lebih lajut »
Samsung Electronics Q1 net profit up 58.57 percentSouth Korean tech giant Samsung Electronics posted a 58.57 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.
Baca lebih lajut »
Americans View These Asian Countries as Safer Now Than Before the PandemicTravelers say they feel safer in South Korea, Singapore, Thailand, Japan, China and Vietnam, according to a 2022 report by Berkshire Hathaway Travel Protection.
Baca lebih lajut »