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Samsung Suffers 35% Profit Decline Amid Weak Chip Market

Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement. Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...

Nvidia Delays Launch of China-Focused AI Chip

Chipmaker Nvidia Corp has delayed the launch of its new artificial intelligence chip in China until the first quarter of 2024, the company announced to consumers. Initially expected to be launched as early as November 16, Nvidia decided to delay the chip's release due...

American Semiconductor Industry Threatened By Labor Shortage

While the United States is experiencing a boom in its semiconductor industry, following the passage of the CHIPS Act, this rise in the semiconductor trade is being threatened by an impending labor shortage. Oxford Economics and the Semiconductor Industry Association released a report in July...

Arm’s Full-Year Revenue Falls Ahead of IPO

SoftBank Group Corp's Arm Ltd is expected to report a 1% fall in revenue for the year ended March 2023, ahead of the semiconductor's initial public offering (IPO) filing on Monday, a source familiar with the matter revealed. The company's revenue fell to $2.68...

Chipmaker ASM International Sees New Orders Almost Halved

Dutch semiconductor equipment manufacturer ASM International revealed on Tuesday that its new orders have almost halved over the second quarter due to a decline in demand as well as delays at its production facility. New orders slumped from 942.7 million euros during the second quarter...

Chip Maker TSMC Delays Start of Production in Arizona Plant Until 2025

Taiwan chip maker TSMC announced earlier this week that it would delay the start of production at its Phoenix, Arizona plant. The company previously planned to start producing 5-nanometer chips in 2024 but has now pushed the date to 2025. TSMC announced the plans to...