HomeAbout

TL;DR CNBC


Asia's chipmakers fall as Samsung sees worst quarterly profit in 8 years - TL;DR CNBC

Asia's chipmakers fall as Samsung sees worst quarterly profit in 8 years

Publishing timestamp: 2023-01-31 02:56:18


Summary

Samsung Electronics saw its worst profit decline since 2014, leading to losses in stocks of chipmakers in Asia. Despite the worsening economic conditions, Samsung Electronics said it expects demand to recover later this year. JPMorgan Private Bank and Yuanta Securities agreed that it may be time to buy chip stocks, citing data from World Semiconductor Trade Statistics.


Sentiment: MIXED

Tickers: 8035.T-JPMU6857.T-JP2330-TW6723.T-JP6920.T-JP

Keywords: taiwan semiconductor manufacturing co ltdtechnologyworld economyrenesas electronics corpstock marketsmicron technology inctokyo electron ltdadvantest corpbusiness newslasertec corp

Source: https://www.cnbc.com/2023/01/31/asias-chipmakers-fall-as-samsung-worst-quarterly-profit-in-8-years.html


Developed by Leo Phan