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SK Hynix Beats Estimates as PCs and Servers Raise Memory Demand


SK Hynix to Boost Capital Spending After Profit Tops Estimates
Bloomberg
1 hr ago
Sohee Kim
© Bloomberg
SK Hynix Inc. 32GB Double-Data-Rate (DDR) 4 memory modules are arranged for a photograph at the company s office in Seongnam, South Korea, on Monday, July 22, 2019. SK Hynix is scheduled to release earnings figures on July 25.
(Bloomberg) Chipmaker SK Hynix Inc. reported better-than-expected profit for the first quarter after strong demand from PC and smartphone makers and said it will increase capital expenditure in the latter half of this year to respond to anticipated 2022 demand.
The supplier of memory chips to Apple Inc. said Wednesday operating profit rose to 1.32 trillion won ($1.2 billion) in the three months ended March, beating the 1.29 trillion won average of estimates compiled by Bloomberg. Sales increased about 18% to 8.49 trillion won. ....

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TSMC Lifts Targets After Warning Chip Crunch May Hit 2022


TSMC Lifts Targets After Warning Chip Crunch May Hit 2022
Bloomberg
2 hrs ago
Debby Wu
(Bloomberg) Taiwan Semiconductor Manufacturing Co. warned that a global shortage of semiconductors across industries from automaking to consumer electronics may extend into 2022, prompting the linchpin chipmaker to lift targets on spending and growth for this year.
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The world’s largest contract chipmaker said Thursday that its auto industry clients can expect chip shortages to begin easing next quarter, alleviating some of the supply disruptions that have forced the likes of General Motors Co. and Ford Motor Co. to curtail production. But overall deficits of critical semiconductors will last throughout 2021 and potentially into next year, Chief Executive Officer C.C. Wei told analysts on a conference call. ....

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TSMC Lifts Targets After Warning Chip Crunch May Spill Into 2022


TSMC Lifts Targets After Warning Chip Crunch May Spill Into 2022
Bloomberg
4 hrs ago
Debby Wu
(Bloomberg) Taiwan Semiconductor Manufacturing Co. warned that a global shortage of semiconductors across industries from automaking to consumer electronics may extend into 2022, prompting the linchpin chipmaker to lift targets on spending and growth for this year.
Popular Searches
The world’s largest contract chipmaker said Thursday that its auto industry clients can expect chip shortages to begin easing next quarter, alleviating some of the supply disruptions that have forced the likes of General Motors Co. and Ford Motor Co. to curtail production. But overall deficits of critical semiconductors will last throughout 2021 and potentially into next year, Chief Executive Officer C.C. Wei told analysts on a conference call. ....

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2:00PM Water Cooler 4/9/2021 | naked capitalism


Patient readers, more soon. –lambert
Bird Song of the Day
At reader request, Birds of Australia. A duet.

#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching.
A little dip, hopefully supply not demand. • Early in February, I said a simple way to compare Biden’s performance to Trump’s on vaccination would be to compare the curves. If Biden accelerated vaccine administration, the rate of vaccination post-Inaugural would kink upward, as the policies of a more effective administration took hold. They have not. The fragmented, Federalized, and profit-driven lumbering monstrosity that we laughingly call our “health care” “system” has not responded to “energy in the executive,” but has continued on its inertial path, albeit in an upward direction. ....

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