South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%

South Korea’s blue chip Kospi stock market lost almost a quarter of its value in 2022, ending down -24.9%, it was the weakest major Asian stock market this year with its worst performance since 2008. The Kospi was closed for a holiday on the last trading day of the year and closed down -3.3% for the week. Weakness in semiconductor stocks and internet giants particularly hurt the Index with Samsung Electronics being a major component and down 26% decline. Kakao was down … Continue reading “South Korea’s Kospi the Weakest Stock Market in Asia This Year, Closing Down 24.9%”

World’s Top Chipmaker Samsung Reports Highest Second Quarter Profit Since 2018

Samsung Electronics reported second quarter earnings with a 12% rise on Thursday on solid sales of server memory chips. However, the company warned mobile and PC chip demand would continue to weaken as macroeconomic uncertainties persist. Samsung Electronics overtook Intel as the top semiconductor maker in Q3 last year. Operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter from 12.57 trillion won a year earlier, its highest second-quarter profit since 2018. Samsung’s revenue rose 21% to 77.2 … Continue reading “World’s Top Chipmaker Samsung Reports Highest Second Quarter Profit Since 2018”

Samsung Top Chipmaker as Semiconductor Market Tops USD150 Billion

The global semiconductor market increased of 7.6 per cent in Q3 from the previous quarter to USD 153.2 billion (about 180.406 trillion won) market research firm Omdia said in its recent report. Samsung Electronics overtook Intel and topped with USD 20.958 billion (about 24.6361 trillion won) in sales. Omdia said that third-quarter sales were led by seasonal demand, strong sales of memory products such as DRAM and NAND flash. Chip shortages pushed sales though the growth rate was slightly less … Continue reading “Samsung Top Chipmaker as Semiconductor Market Tops USD150 Billion”