The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.We believe that SEC’s earnings are primed to improve from 3Q23 on both industry-wide production cuts and inventory restocking demand. The pace of technology catch-up for HBM and DDR5 technologies is to
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.2Q23 preliminary results: Better-than-feared earnings from MX Samsung Electronics disclosed preliminary 2Q23 results at company-wide operating profit of KRW0.6tr (continued loss QoQ) on sales of KRW60tr (-6
Samsung Electronics’ second-quarter operating profit plunged 96 percent year on year, according to a forecast. This means that it may hit a 14-year low as fears of a semiconductor supply glut intensify.According to a survey of 27 analysts by financial information firm Refinitiv’s SmartEstimate, Sams
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 earnings to miss expectationsLG H&H is expected to have registered consolidated operating profit of KRW183.6bn (-15% YoY) on sales of KRW1.78tr (-5% YoY) in 2Q23, coming short of our estimates. Sales
In the midst of the U.S.-China semiconductor supremacy race, India is revealing its ambition to become a major base for the world semiconductor industry by replacing China. The Indian government has offered significant incentives to global semiconductor companies leading many to decide to invest in
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share
Faced with the worst semiconductor recession in its history, Samsung Electronics has executed a major restructuring of its Device Solution (DS) Division, including personnel management. The DS Division is responsible for the semiconductor business.According to industry sources on July 3, Samsung Ele
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.Micron’s earnings release raises expectations for SK Hynix’s decouplingSK Hynix is likely to have seen operating loss of KRW2.3tr (continued loss QoQ) on sales of KRW6.8tr (+34% QoQ) in 2Q23. Micron Technol
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Rapid recovery in inbound traffic from countries other than ChinaAccording to monthly traffic data released on June 29, inbound travelers recorded around 870,000 people in May. Amid upbeat expectations
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.Two points lend support to growing hopes for imminent market upturnOur previous reports highlighted expectations for an earlier turnaround in market conditions and share prices than initially anticipated fo
Samsung Electronics will develop automotive semiconductors in tandem with software developer Wind River. Wind River is an affiliate of U.S. autonomous driving technology developer Aptiv, which has a partnership with Hyundai.According to industry sources on June 27, Samsung Electronics will use Wind
As forecasts strengthen that the memory semiconductor industry will rebound significantly in the second half of this year, SK hynix’s shares have surged by over 50% since the beginning of the year. The demand for High Bandwidth Memory (HBM) and Double Data Rate 5 (DDR5) is rapidly expanding in the w
Korea Investment Management (KIM) has decided to launch the Korean securities industry’s first Japan-themed exchange traded fund (ETF) as the Japanese stock market continues to renew its zenith.KIM will launch Korea’s first ETF that focuses on specific industries in Japan in the second half of this
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.DDR5 effect: Early recovery with ASP hikes to precede spot price upturnWe now expect to see an earlier turnaround in market conditions and share prices than previously expected for the current industry cycl
Recently, Chinese semiconductor companies frequently post job openings on Korean job boards. “It is not uncommon for many Chinese companies that have entered semiconductor zones in Korea such as Pangyo to offer high salaries and perks to Korean semiconductor engineers,” said Kim Hyung-jun, head of t
NVIDIA, the market leader in AI semiconductors, is reported to have requested a sample of the next-generation High Bandwidth Memory (HBM) that SK hynix is currently developing. As SK hynix solidifies its position as a key partner of NVIDIA, it is predicted to lead the market for next-generation DRAM
The United States has decided to extend the grace period for Korean companies to export semiconductor equipment to China. This immediately alleviates the concerns for domestic companies such as Samsung Electronics and SK hynix, who can continue producing semiconductors in their Chinese factories for
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.For SK hynix, inventory restocking orders have started to materialize from some customers. With the inventories of memory makers trending down, industry conditions are forecast to improve in earnest fr
The labor union of LOTTE Chemical's Daesan Plant, one of the main business units of Korea's second-largest petrochemical company, has dramatically announced its withdrawal from the Korean Confederation of Trade Unions (KCTU). This is the first case of a company union seeking to leave since t
A former senior executive of Samsung Electronics, referred to as Mr. A, has been arrested and will stand trial for his attempt to copy Samsung Electronics' semiconductor plant in its entirety in China.The Defense Industry and Industrial Technology Crime Investigation Division of the Suwon Distri