Global memory semiconductor companies are cutting production and investment one after another as demand is sluggish amid an economic downturn and high inflation.Micron Technology of the United States, which ranks third in the global DRAM market, has decided to reduce capital expenditure by 30 percen
Taiwan’s TSMC, the No. 1 player in the foundry sector, ranked first among semiconductor companies in terms of sales in the third quarter of the year. Samsung Electronics and Intel, which previously competed for the top spot in the semiconductor sales rankings, both suffered earning shocks.TSMC racke
Samsung Electronics showcased a series of cutting-edge semiconductor solutions at Samsung Tech Day 2022 held at Silicon Valley on Oct. 5 (local time).The company announced plans to start mass production of 5th-generation 10nm-class (1b) DRAM from next year and 9th-generation NAND flash from 2024, re
The United States is increasingly curbing the growth of the Chinese semiconductor sector and this is posing an increasing burden on Samsung Electronics and SK Hynix, which are manufacturing products in China in close business relations with it.According to the New York Times, the U.S. Department of
Micron Technology announced on Oct. 4 that it would invest up to US$100 billion for 20 years to come in order to build in Clay, New York the largest semiconductor plant in the history of the United States.This reshoring from Asia is to benefit from the CHIPS and Science Act and better compete in the
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. 3Q22 operating profit estimated at KRW11.3tr (-19.9% QoQ)Samsung Electronics is expected to have posted operating profit of KRW11.3tr (-19.9% QoQ) on sales of KRW7
Samsung Electronics has unveiled its plans to introduce the 2-nm foundry process in 2025 and 1.4-nm process in 2027.The company announced a strengthened business strategy for its foundry business at the annual Samsung Foundry Forum event held in San Jose, California, on Oct. 3 (local time).Samsung h
The Federation of Korean Industries held a seminar on Sept. 28 to discuss the United States’ supply chain internalization measures and South Korea’s response.The keynote address was delivered by independent lawmaker Yang Hyang-ja, head of the Semiconductor Industry Special Committee of the National
Pernod Ricard Korea has launched ‘Redbreast,’ an ultra-premium craft whiskey that is made in the unique Irish style of single pot still.Single pot still whiskey is a unique category from Ireland. It is a method in which both malted barley and barley is distilled using a copper single pot still whisk
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and doyeon@shinhan.com, respectively. -- Ed. 3Q22 preview: Clients' infrastructure projects on trackWe now expect STI to post operating profit of KRW13.6bn (+11% YoY) on sales of KRW120.7bn (+47% YoY) f
Korea's semiconductor industry still has a long way to go as its share of the global fabless market is a mere 1 percent, an industry expert pointed out in a recent seminar held at the National Assembly.“The size of the global semiconductor market stood at US$556 billion in 2021, with system semi
The focus of the global semiconductor industry is shifting from the memory chip segment towards non-memory, which is becoming increasingly important as Industry 4.0 develops. Experts point out that South Korea is still too dependent on the memory chip segment.According to market research firm IC Ins
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. More time needed for market conditions to recover; focus to shift to supply cuts In our recent reports, we reviewed semiconductor market conditions and share price
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Affected by less data center investment and reduced demand for IT sets, 3Q22 DRAM ASP is likely to fall 17% q-q. We forecast SEC’s 3Q22 OP at W11.80tn (-16% q-q). Adjustments to planned 2023 new capac
Market research company IC Insights predicted that the global image sensor market will suffer negative growth this year.The image sensor market has enjoyed double-digit growth for years as its use in smartphones and automobiles has increased. But it is expected to record a negative growth rate for t
Samsung Electronics surpassed Intel in semiconductor sales in the second quarter of 2022, retaining the top spot in the global semiconductor market for the fourth quarter in a row. However, as the memory semiconductor market is shrinking, the Korean semiconductor giant may lose its leading position
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Cut target price to KRW120,000 We cut our TP on SK hynix from KRW125,000 to KRW120,000 (12m fwd BVPS x 1.20x P/B), as 2022E/2023E earnings were significantly revised down to reflect lowered bit growth projectio
Solidigm, a NAND flash subsidiary of SK Hynix, will invest more than US$100 million to establish a semiconductor R&D center in Sacramento, California.Solidigm announced on its website on Sept. 14 (local time) that it has selected Rancho Cordovs as the site for a global R&D campus after a thorough si
Samsung Electronics announced on Sept. 15 its new environmental strategy, a comprehensive effort to join global efforts to tackle climate change. At the heart of the new commitment is achieving net zero carbon emissions (Scope 1 & Scope 2) for all operations in the Device eXperience (DX) Division by
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 We maintain BUY and 12m TP of KRW75,000 on SEC. We see 2H22 OP coming in at KRW23.2tn (-18% HoH, -22% YoY) and missing the market consensus by 10%, as all divisions excl.