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Samsung's Profit Beats as Investors Await Tech Recovery

(Bloomberg) Samsung Electronics Co. reported better-than-projected earnings, driving anticipation that global tech spending is beginning to climb out of a post-Covid funk.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference ....

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Samsung's Profit Beats Estimates Despite Tech Sector Struggles

Samsung's Profit Beats Estimates Despite Tech Sector Struggles
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Chip Heavyweight Hynix's Revenue Beats as AI Lifts Memory Demand

(Bloomberg) SK Hynix Inc.’s quarterly sales beat estimates, and the company declared surging interest in artificial intelligence was driving the beginnings of a recovery in the memory chip market.Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoRolex, Patek Prices to Keep Falling as S ....

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Sam Kim Bloomberg: Latest News, Photos, Videos on Sam Kim Bloomberg

Find Sam Kim Bloomberg Latest News, Videos & Pictures on Sam Kim Bloomberg and see latest updates, news, information from NDTV.COM. Explore more on Sam Kim Bloomberg. ....

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China AI Chip Firm Targeting Nvidia Seeks Hong Kong IPO in 2023

(Bloomberg) Chinese chip startup Shanghai Biren Intelligent Technology Co. is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter, aiming to capitalize on a wave of local clients turning to its AI chips as an alternative to banned Nvidia Corp. silicon.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bear ....

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