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Huawei has set an ambitious shipment goal that would help it overtake Apple in the smartphone market.
When Samsung told engineers in its flagship memory chip team that they were being moved to a division making processor chips, they often asked what they had done wrong, according to industry insiders. Processors are the “brain” of any computer, making decisions and storing and retrieving data, and Samsung fabricates its own processors for all its devices, from smartphones to tablets to laptops. For three years, demand for memory chips has been sky-high, partly fed by the boom in smartphones, and partly by the need to build more and more data centres to house the vast amount of data being produced by individuals and businesses.
THE MONEYIST Dear Moneyist, I work in finance and, even before working in the field, I had a strong interest in personal finance. I carry no debt and, while I know it can’t stay that way forever, I’m doing my best to maintain that for as long as I can.
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, competes with Samsung Foundry (SSNLF) and Global Foundries.
For those of us who love cars, it's easy to find out what the next generation will be like: Just check out the newest racecars. In the electric vehicle (EV) world, that means keeping your finger to the pulse of Formula E racing.In the automotive world, major racing hubs are like the Silicon Valley of cars. Tech startups have their "incubators," where companies like Airbnb and Dropbox (NASDAQ:DBX) were born. And car companies have the speedway.In one brand-new racing league, the Electric Production Car Series, all of the entrants are Tesla (NASDAQ:TSLA) Model S. This car is not just another electric vehicle (EV) -- it's one of the greatest technological achievements of our age, with the ability to go from 0 to 60 miles per hour in just 2.5 seconds. And with even more power (and less weight), it becomes a top-of-the-line racecar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: ElectricGTBut when it comes to racing electric vehicles, the big name is Formula E. These EVs are almost as fast as Formula One cars -- reaching 180 miles per hour on the straightaways -- but much quieter.If you've ever been to an auto race - or even heard obnoxiously loud cars on regular roads - you know how strange that is. When electric cars race, no one needs earplugs. And at everyday speeds, the cars are practically silent. After all, instead of the gasoline engine, there's just an electric motor.So, in this arena, the batteries are the stars of the show! * 7 Stocks Top Investors Are Buying Now In Formula E racing, the title sponsor is ABB Ltd. (NYSE:ABB), the Swiss industrial conglomerate -- and a major player in Europe's electric car infrastructure. So, naturally, the races are a chance for ABB to show off its tech. Outside the track, you'll see a big display of ABB's "Gen 2" racecar batteries.In the first Formula E races, pit crews had to rush out and change the batteries halfway through. They lasted about 25 minutes.The new batteries last for a full 45-minute race. And they're pretty massive. Source: ABB Formula E, YoutubeTo get the power they need -- which is equivalent to 300 laptops or 4,000 cell phones! -- these electric racecars devote half their weight (or roughly 750 pounds) to the battery.And ahead of last weekend's race in Red Hook, Brooklyn, one driver said, "We already know we're going to overheat the batteries."Right now, even top-of-the-line racecars, sporting the latest and greatest electric-vehicle technology, rely on the very same battery that powers your iPhone or laptop: the lithium-ion battery.Lithium-ion was originally developed for Sony camcorders back in the 1980s. And it was also in Samsung's (OTCMKTS:SSNLF) infamous "exploding phones."Remember when flight attendants were confiscating them? When the Samsung Galaxy Note 7 would overheat, it caught fire. And everything from Teslas to HP laptops have had the same issue with their lithium-ion batteries.Lithium-ion batteries have come a long way, but they are closing in on their limits.So you can see why major car companies -- and Formula E participants -- like Nissan (OTCMKTS:NSANY), BMW (OTCMKTS:BMWYY), and Volkswagen (OTCMKTS:VWAGY) are investing in next-generation batteries.This battery has: * Better energy density, making it smaller, lighter, but more powerful. * Shorter charging time due to fewer materials, which could produce a stronger current. One Chinese company, Enovate, is boasting a charge time of 80% in 15 minutes. That's twice as fast as Tesla. * Better safety. Unlike what we use now, this battery does not have toxic, flammable liquid inside. In one memorable test, a battery startup called Ionic Materials shot its with a Remington .22. It took three bullets, did not catch fire, and kept working!That's all great news for racecar drivers. And Formula E could be the perfect testing ground for this new technology.Volkswagen, which is already laying the groundwork to be fully electric by 2030, is working with a Silicon Valley startup to get these batteries into its cars and SUVs. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to dominate electric vehicles, too -- largely thanks to this new battery.Audi, Porsche, and Mercedes all want these next-generation batteries in their fleets as soon as possible. So do General Motors (NYSE:GM), Ford Motor (NYSE:F), Toyota Motor (NYSE:TM), Honda Motor (NYSE:HMC), Mitsubishi Motors (OTCMKTS:MMTOF), and Hyundai Motor (OTCMKTS:HYMTF).I could go on…But as an investor, I'd rather own a pure play on the battery revolution. Invest Where "Big Auto" is Dropping Major CashI often talk about "picks and shovels" investing. And that's because if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, at Investment Opportunities, I'm recommending companies that supply this new technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, which may as well flush all the money it's spending on lithium-ion batteries down the toilet.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Formula E: Inside the "Silicon Valley of Cars" appeared first on InvestorPlace.
The Koreantech giant has started mass producing what it says is the industry's first12Gb LPDDR5 for phones, and it'll also start the mass production of 12GBLPDDR5 packages later this month
Toshiba’s spun-off memory chip business will shed the name of the 144-year old Japanese conglomerate as it prepares to navigate “a very uncertain environment” that has been escalated by the recent diplomatic ...
Memory chip prices have soared over the past week as a diplomatic stand-off between Japan and South Korea has escalated, threatening global supplies of smartphone and computer components. The spot prices for dynamic random-access memory chips have spiked nearly 12 per cent since July 9, the biggest such jump since 2017, according to data from Bernstein, as fears build over Tokyo’s new export controls on materials critical to the manufacture of computer chips, South Korea’s biggest export. Tokyo’s restrictions meant that from July 4, the country’s exporters of fluorinated polyamide, photoresists and hydrogen fluoride etching gas — Japanese groups hold dominant market shares globally — had to get clearance for selling the materials to the world’s two biggest memory chipmakers, Samsung Electronics and SK Hynix.
South Korea, one of the world’s leading producers of semiconductors, has been caught in the crossfire of trade and tech wars. The payback is coming now, as trade friction, tech confrontation and a cyclical bottom in the semiconductor cycle exacerbate a collapse in the price of chips. The perfect storm will cause Korean exports to contract in 2019.
Samsung is exploring the possibility of developing augmented reality glasses,based on one of its latest patent applications first spotted by PatentlyApple
Memory stocks have been on the rise since June 25, when chip maker Micron Technology reported better-than-expected earnings results.
Japan’s threat of export controls on South Korean chipmakers risks “large unintended consequences” on the technology supply chain, including for Japanese companies, a top Asia economist has warned. on exports of key materials used by South Korea’s semiconductor manufacturing giants, in a move aimed at forcing Seoul to change its position on compensation over wartime forced labour. Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings, said Tokyo’s export controls were a sign that technology is increasingly being used as a “geopolitical tool” by governments who might not understand the economic cost of their actions.
So much for Samsung maintaining even the slightest bit of secrecy around the Galaxy Note 10 ahead of its August 7th debut . Both Ishan Agarwal (via MySmartPrice ) and WinFuture have obtained what look to be official press images for the regular Note 10 and its larger Note+ counterpart (shown above). As you might have suspected, the two phones appear to push the Galaxy S10's nearly-all-screen concept even further. The more rectangular design has virtually no bezel, and the only interruption is a hole-punch camera located at the top center of the display.
Micron's Baa3 rating on its existing senior unsecured notes, the Baa2 rating on the senior secured term loan, and the stable outlook are unchanged. The rating is supported by Micron's excellent liquidity, with unrestricted cash and long term marketable investments of about $7.9 billion as of May 30, 2019, a $2.5 billion revolver maturing in 2023 (undrawn as of May 30, 2019), which Moody's expects will remain unused, and Micron's FCF generation and net cash leverage position.
FT subscribers can click here to receive Tech Scroll Asia by email. Hi everyone — south-east Asia is rising, China is cooling. Elsewhere in the region, Japan’s tech spat with South Korea appears to be claiming Samsung as a victim.
South Korean chipmakers may be spared the worst damage from Tokyo’s new trade restrictions on Seoul with Japanese officials saying the country plans to still grant export licences for all “bona fide” civil semiconductor exports.
Guidance from Samsung (SSNLF), the world’s largest manufacturer of memory chips, smartphones, and displays, has added to semiconductor worries and has sent most chip stocks down.
Investors saw a 0.10% decline in the Nasdaq today, while the S&P 500 slipped 0.24%. However, that's much better than where the markets were in the first few hours of the day on Friday. Stocks initially sold off somewhat hard in the session after the June jobs report was released.Source: Shutterstock The non-farm payrolls report showed that 224,000 jobs were added to the economy in June. That far outpaced economists' expectations of 160,000 jobs and follows the May report which missed analysts' expectations by a wide margin.There were already calls for the Federal Reserve to cut interest rates before the May jobs report was released. Once it missed expectations though, those calls grew even louder. In fact, investors started to clamor for a 50 basis point cut, rather than just a 25 basis point cut.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith the latest report coming in notably ahead of estimates, the expectations for a 50 bps cut are dwindling quickly. Breaking Down the Rate CutsObviously, the jobs report is the big driver on Friday. Particularly when the market was closed on Thursday for the Fourth of July and while volumes are light. Just hours after the NFP report was released, we now see that Fed Funds futures are calling for a less than 5% chance of a 50 basis point cut. * 3 Earnings Reports to Watch Next Week Notably though, they still call for a 95% chance of a 25 basis point cut. If the Fed opts not to cut interest rates at this month's meeting (July 30-31), it's going to cause issues in the stock market.How do rates relate to tech stocks and the Nasdaq today? The Nasdaq fell almost 1% on the day at the lows, before recovering later in the day. While tech is not the most rate-sensitive sector out there, it's hard to argue that lower rates are bad for tech stocks. It makes borrowing cheaper and given that many of these companies use debt to fuel their growth -- like Tesla (NASDAQ:TSLA) or Netflix (NASDAQ:NFLX) for instance -- that's good for their financials. Further, stock valuations benefit from lower interest rates and when multiples expand, tech is one of the biggest beneficiaries. Click to EnlargeAs for the Nasdaq today, the index made a near-perfect pullback to the key 8,100 level. The index promptly bounced from this mark and closed up toward 8,162. While it did breach 8,100 temporarily, Friday's action was pretty healthy overall. Let's see if 8,100 can hold up as support again next week, and potentially push the Nasdaq to new highs. News in the Nasdaq TodaySamsung (OTCMKTS:SSNLF) warned that its profit fell by 56% in the quarter. Sluggish demand for smartphones and memory chips weighed on the tech giant's bottom line.Given the action and news we've seen and heard from other chip and memory stocks -- Broadcom (NASDAQ:AVGO) and Micron (NASDAQ:MU) for instance -- Samsung's announcement is no surprise. Micron, Nvidia (NASDAQ:NVDA), Intel (NASDAQ:INTC), Skyworks (NASDAQ:SWKS), NXP Semiconductors (NASDAQ:NXPI) and others fell on the news too.Shares of Electronic Arts (NASDAQ:EA) were under further pressure Friday, falling more than 4% on the day. The stock is now down 7.5% for the week, as the company releases its second season of Apex Legends. The action is very disappointing, with the stock blowing through various moving averages and solidifying its range resistance. On the plus side though, key support is still holding up.Amazon (NASDAQ:AMZN) found itself in the news for a few reasons on Friday.First, Amazon filed for permission with the FCC to launch more than 3,200 satellites into orbit with the intention to provide broadband internet. It's not unlike some of the internet ambitions we've heard from companies like Elon Musk's SpaceX, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB). Amazon believes its internet plans -- called the Kuiper project -- can serve tens of millions of customers at one point. * 7 Retail Stocks to Buy That Are Down in 2019 Elsewhere, Amazon hit a regulatory hurdle with its $575 million investment of Deliveroo. U.K. regulators have ordered the e-commerce giant to pause on its investment into the company while it weighs the competitive implications of the deal.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO, NVDA, AMZN and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post Nasdaq Today: Jobs Report Alters Rate-Cut Expectations, Moves Tech appeared first on InvestorPlace.
Stocks finished slightly lower on Friday, backing away from all-time highs hit earlier this week, after a better-than-expected employment report in June partially rolled back investors' expectations for multiple rate cuts this year. The S&P 500 was down 0.2% to finish around 2,991. The Dow Jones Industrial Average shed 41 points, or 0.2%, to end near 26,925. The Nasdaq Composite was down 0.1% to end around 8,162. For the week, Dow was up 1.2%, S&P was up 1.7%, and Nasdaq up 1.9%. The S&P snapped a five-day winning streak, and the Dow ended its four straight session of gains. The U.S. economy added 224,000 jobs in June, above the 170,000 expected by analysts. Semiconductor stocks were on the backfoot on Friday after South Korean chip maker Samsung Electronics Co. Ltd. reported a 56% drop in its second-quarter profits.
On Friday, Samsung announced weak second-quarter guidance. It expects its operating profit to tank nearly 56% year-over-year in the quarter.
South Korea's Samsung Electronics Co said Friday its operating profit fell 56% year-over-year in the second quarter to 6.5 trillion Korean won ($5.5 billion) as memory chips continue to experience weakness ...